Lightspeed POS Inc., a leading cloud-based commerce platform powering small and medium-sized businesses in approximately 100 countries around the world have announced that it has entered into an agreement to acquire Australia-based Kounta Holdings Pty Ltd, a rapidly growing, cloud-based POS solutions provider to small and medium-sized businesses operating within the hospitality industry.

The collaboration with Kounta will strengthen Lightspeed’s resources to provide even greater customer experiences as it expands into the Asia-Pacific region while tapping the talent and expertise needed to accelerate Lightspeed’s mission of becoming the leading global POS platform for small and medium-sized businesses, the backbone of vibrant cities and communities throughout the world.

The purchase bolsters Lightspeed’s footprint across Australia and New Zealand by more than 7,000 customer locations, including leading small and medium-sized brands across cafes, bars, full service restaurants, high-end boutique hotels, and more.

“Kounta’s impressive track record is thanks to its team, and we are excited to welcome them into the Lightspeed family” says Dax Dasilva, Founder & CEO, Lightspeed. “When smart minds collaborate, our merchants are the main beneficiaries of the resulting innovation, ultimately

When smart minds collaborate, our merchants are the main beneficiaries of the resulting innovation, ultimately enabling SMBs around the world to reach their full potential through our technology

enabling SMBs around the world to reach their full potential through our technology,” he adds.

“Joining Lightspeed, a recognized global leader, is a testament to our hard work and also a shared passion for empowering independent businesses,” says Nick Cloete, Founder & CEO, Kounta. “We are immensely proud to partner with a company so well aligned on purpose, culture, and technology,” he adds.

Kounta is an Australian technology company with a mission to make it easy to cost-effectively allow merchants to better run, connect and grow their businesses through a simple yet powerful point of sale experience. A leader in high-performance device-agnostic omnichannel POS solutions and business management systems for the restaurant and hospitality industries, Kounta serves more than 7,000 customer locations primarily across Australia and New Zealand.

Lightspeed is a leading omnichannel point of sale platform for over 51,000 customer locations worldwide. With smart, scalable, and dependable point of sale systems, it’s an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments, and grow their business. Headquartered in Montréal, Canada, Lightspeed is trusted by favourite local businesses, where the community goes to shop and dine. Lightspeed has grown to over 800 employees, with offices in Canada, USA, Europe, and Australia.