LightSpeed, a software company aiming to revolutionise the in-store shopping experience, has announced the launch of LightSpeed Cloud, a web-based retail management and point of sale (POS) solution that boasts a fully-featured iPad app, as well as the acquisition of MerchantOS.
LightSpeed Cloud uses HTML5-based interfaces, making the solution device-agnostic so that retailers can manage sales, inventory, and reporting from their web browser and computer of choice. LightSpeed Cloud joins LightSpeed Pro™ as part of the company’s growing software suite that simplifies store and inventory management for retailers. LightSpeed solutions power 15,000 store locations around the world, representing more than 100% growth from one year ago.
The addition of MerchantOS to the LightSpeed Cloud team enhances LightSpeed’s leadership of the rapidly growing inventory-centric retail software market and expands LightSpeed’s customer base by over 2,400 locations.
“With LightSpeed Cloud, our product suite now allows an entirely new set of retailers, regardless of platform, to more efficiently manage their businesses,” said Dax Dasilva, founder and CEO of LightSpeed. “This new technology, particularly LightSpeed Cloud for iPad, positions LightSpeed at the forefront of the POS industry with an expanded product offering to help us achieve even greater growth and deliver an even better solution to retailers of all sizes.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.