Lightspeed Commerce Acquires Ecwid
October 1, 2021
Lightspeed Commerce Inc. completed the acquisition of Ecwid, a global eCommerce platform, for approximately $163.6 million in cash (net of cash acquired) plus the issuance of 4,842,674 subordinate voting shares and additional contingent consideration. The deal will integrate Ecwid's SaaS storefront and social-commerce capabilities into Lightspeed's commerce platform to expand omnichannel selling options for merchants.
- Buyers
- Lightspeed Commerce Inc.
- Targets
- Ecwid
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Buyout
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