![]() “But that is to our advantage, and that’s why we’ve managed to make these transactions at a good value. “Obviously, it’s been a bit choppy for restaurants…the GTV of Upserve has been a bit choppy,” he said. said as much on an investor call discussing the company’s recent acquisitions. Lightspeed’s President & Corporate Director Jean-Paul Chauvet Lightspeed POS Inc. It eliminates a rival and adds 20,000 locations, bringing Lightspeed’s total locations served to 100,000 worldwide.Īnd as noted, it’s a good time to scoop up rivals if you can. ![]() The rationale for the ShopKeep acquisition was pretty straightforward. ShopKeep got a similar deal, earning $145.2 million in cash and $295 million in stock. The Upserve deal involved $123 million in net cash, with the remaining $307 million in stock. Then, boom, shares are up 134% since February 28. The stock fell 10.6% through January and February. The pandemic has been good to Lightspeed’s share price. It’s notable that both the ShopKeep and Upserve deal were cash and stock deals, with both being much heavier on stock than cash. For example, helping restaurants adapt with order ahead technology or retailers with eCommerce. It’s done well through the pandemic by focusing on offering tools that help clients adapt to the new normal. Lightspeed, founded in 2005, is focused on three major verticals - golf, restaurants, and retail. This deal comes hot on the heels of Lightspeed’s acquisition of rival POS ShopKeep for $440 million. This week (a busy one for acquisitions and funding announcements), Lightspeed announced it will acquire restaurant-management solution Upserve in a $430 million cash and stock deal. With its stock price high, and assets relatively cheap, Lightspeed has made two acquisitions designed to upgrade its technology and expand its POS footprint. And the Canadian POS player Lightspeed has taken it to heart, in particular when applied to the battered restaurant space. Heartland Restaurant Mobile Ordering works great on both Android and iPhone devices, ensuring no customer is left out.Churchill once said, “Don’t let a crisis go to waste.” It’s a phrase that’s been dusted off in 2020. This is why responsive, mobile web design is essential for your restaurant. These days, people are using smartphones and tablets much more than desktops and laptops to place orders. The world of online ordering is evolving at a fast pace. Setup is simple so you can be taking orders in no time.The solution is efficient and cost effective, with no additional training required. Your customers can order directly from your site to eliminate paying middlemen on every order. ![]() Mobile Ordering is part of Heartland Restaurant’s powerful features, at no additional cost. A user – friendly interface styled to fit your brand enables customers to order from anywhere. Our fully-integrated solution allows merchants to accept online orders directly on their POS. If your restaurant experiences a high volume of delivery orders, then Heartland Restaurant is right for you! Delivery Dispatch makes it easy to assign delivery orders to your drivers and provide them with turn-by-turn directions right from your POS terminal. Heartland Restaurant allows you to easily manage your restaurant’s delivery operations with our Delivery Dispatch system. Fully integrated into Heartland Restaurants POS.Integrated POS mapping interface using Google Maps™.View orders assigned to specific drivers. ![]() Drag & drop to assign and dispatch delivery orders.Text delivery drivers instructions and provide turn-by-turn mapping.With Delivery Dispatch, you can drag and drop to assign orders to drivers, dispatch delivery orders through text messaging, view and print turn-by-turn directions, quickly add or remove drivers, and view orders assigned to specific drivers, all with ease. Our extremely simple, yet powerful, features allow you to better run your delivery operations and communicate delivery information to your drivers.
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