MONTREAL, Nov. 6, 2024
/PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD)
(TSX: LSPD) ("Lightspeed" or
the "Company"), the one-stop commerce platform
empowering merchants to provide the best omnichannel
experiences is honored to be named the fifth fastest
growing organization in the Enterprise–Industry Leaders category
for Deloitte's 2024 Technology Fast 50™ program.
The award recognizes the fastest-growing enterprise-level
technology, media, and telecommunications companies by revenue
growth percentage over their last four years of operation. This
category is open to companies that recorded a minimum revenue of
$10 million in 2020 and $50 million in 2023. For this year's award,
Lightspeed was recognized with a growth percentage of 502%, ranking
fifth overall in demonstrating outstanding growth and innovation
within the technology industry.
"This award showcases our unwavering focus on disciplined growth
and helping our customers achieve new levels of success," said
Dax Dasilva, Lightspeed's Founder
and Chief Executive Officer. "As a company just shy of celebrating
our 20th anniversary, we are continuing to grow and learn. We keep
optimizing our offerings in order to bring the best POS and
payments solutions to our customers. This award highlights the
success we are seeing in doing so, and a bright path moving
forward."
"The Enterprise—Industry Leaders exemplify the strength and
resilience of Canada's business
landscape, showcasing their ability to navigate challenges and
drive sustainable growth," highlighted Anders McKenzie, the National Technology Fast 50
program leader at Deloitte Canada. "As established leaders in their
industries, these companies have demonstrated their capacity to
innovate, adapt, and transform in a rapidly evolving digital
landscape. By embracing emerging technologies, fostering a culture
of continuous improvement, and leveraging their extensive
resources, these Enterprise – Industry Leaders have positioned
themselves as industry leaders, setting new benchmarks for success.
Their achievements not only contribute to their own organizational
growth but also inspire and shape the future of Canada's technology sector."
About the Deloitte Technology Fast 50 program
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards
program. It recognizes business growth, innovation, and
entrepreneurship in four distinct categories: Technology Fast 50,
Enterprise—Industry Leaders, Clean Technology, and
Companies-to-Watch. The program also recognizes thriving technology
companies in the United States and
Canada in partnership with the
North American Technology Fast 500 program. Program sponsors for
2024 include RBCx, Osler, EDC,
CCI, TMX, Clarity, and Lafond. For more information, visit
www.fast50.ca.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale, and provide exceptional omnichannel
customer experiences. Our cloud commerce solution transforms and
unifies online and physical operations, multichannel sales,
expansion to new locations, global payments, financial solutions,
and connection to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange and
Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across
North America, Europe, and Asia
Pacific, the Company serves retail, hospitality, and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and X.
Forward-Looking Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements").
Forward-looking statements are statements that are predictive in
nature, depend upon or refer to future events or conditions and are
identified by words such as "will", "expects", "anticipates",
"intends", "plans", "believes", "estimates" or similar expressions
concerning matters that are not historical facts. Such statements
are based on current expectations of Lightspeed's management and
inherently involve numerous risks and uncertainties, known and
unknown, including economic factors. A number of risks,
uncertainties and other factors may cause actual results to differ
materially from the forward-looking statements contained in this
news release, including, among other factors, those risk factors
identified in our most recent Management's Discussion and Analysis
of Financial Condition and Results of Operations, under "Risk
Factors" in our most recent Annual Information Form, and in our
other filings with the Canadian securities regulatory authorities
and the U.S. Securities and Exchange Commission, all of which are
available under our profiles on SEDAR+ at www.sedarplus.com and on
EDGAR at www.sec.gov. Readers are cautioned to consider these and
other factors carefully when making decisions with respect to
Lightspeed's subordinate voting shares and not to place undue
reliance on forward-looking statements. Forward-looking statements
contained in this news release are not guarantees of future
performance and, while forward-looking statements are based on
certain assumptions that Lightspeed considers reasonable, actual
events and results could differ materially from those expressed or
implied by forward-looking statements made by Lightspeed. Except as
may be expressly required by applicable law, Lightspeed does not
undertake any obligation to update publicly or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lightspeed Commerce Inc.