Lightspeed selling U.S. hospitality business Upserve to Skyview Equity
The deal includes up to $37 million in performance-based payments and shifts Lightspeed toward North American retail and European hospitality.
- On Wednesday, Lightspeed Commerce Inc. announced the sale of its non-core Upserve U.S. hospitality product line to Skyview Equity for total cash consideration of up to $81 million.
- The divestiture aligns with Lightspeed's strategy to streamline its portfolio and concentrate on core growth engines: retail in North America and hospitality in Europe, which now account for approximately 75% of revenues.
- Under the agreement, Lightspeed receives $44 million in fixed cash plus up to $37 million subject to performance targets over 24 months, affecting approximately 3,200 customer locations and about 70 employees.
- The approximately 70 employees are expected to join Skyview; Lightspeed stated the divestiture will "meaningfully improve the company's revenue growth and gross profit trajectory."
- Lightspeed will provide details on the divestiture's impact to its financial outlook as part of full-year Fiscal 2026 results on May 21, 2026.
11 Articles
11 Articles
The Toronto Star
Lightspeed selling U.S. hospitality business Upserve to Skyview Equity
MONTREAL - Lightspeed Commerce Inc. says it has sold its Upserve hospitality business in the U.S. to Skyview Equity in a deal worth up to US$81 million.
PR Newswire
NewswireLightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity
/PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"), the unified omnichannel platform powering ambitious retail,...
Lightspeed offloads Upserve at a discount as transformation plan continues
Montréal-based Lightspeed Commerce is selling off one of its business units for much less than it paid for it. The e-commerce and point-of-sales firm announced on Wednesday morning that it is divesting its US hospitality product line, Upserve, to private equity firm Skyview Equity for up to $81 million USD ($111 million CAD) in cash. The transaction will pay Lightspeed $44 million USD up front, with the remaining $37 million subject to earnout …
Eye on Point of Sale: MoneyGram Adopts Stripe for Retail Locations; Lightspeed Divests Upserve
Stripe Inc. has notched money-transfer services as a customer category with MoneyGram’s adoption of the payment processor’s technology for its retail locations. Additionally, Lightspeed Commerce Inc. is selling Upserve, a hospitality point-of-sale platform it acquired in 2020. Dallas-based MoneyGram International Inc., which went private in 2023, says it will use Stripe’s prowess to update point-of-sale technology at its global retail locations,…
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