Lightspeed POS Inc (TSX:LSPD)

Lightspeed POS Inc is a software firm that provides cloud-based POS (point-of-sale) and e-commerce solutions to retailers, wholesalers, restaurateurs, etc.

It offers reporting, accounting, analysis and multi-location management solutions.

The company has operations in Ghent, London, Montréal, Geneva, Amsterdam, Lausanne, Toronto, Ottawa, Olympia, Paris and Zurich.

Point-of-sale or POS refers to retail transactions where customers can make payment for goods and services in offline stores through the computer or mobile and electronic devices.

The company offers a suite of hardware products such as
• LAN receipt printer
• Impact printer
• Bluetooth and USB barcode scanner
• Verifone P4oo
• Mobile Tap
• iPad stand
• Cash Drawer

It offers omni-channel software platforms for different businesses, including apparel stores, electronics, home décor, jewellery, liquor, etc.

The company was established as Xsilva Systems Inc in March 2005. On October 22, 2014, the company rebranded as Lightspeed POS Inc.

In 2013, the software firm launched its first cloud-based POS software 'Lightspeed Retail'.

The company launched Lightspeed Restaurant in association with iNovia, Accel Partners, Hercules Technology and Growth Capital.

In the following years, the Montreal-based company various software-as-a-service (SaaS) platforms, including
• Lightspeed eCom
• Lightspeed Analytics
• Lightspeed Loyalty
• Lightspeed Payment
• Lightspeed Capital
• Lightspeed Supplier Network

Through Lightspeed eCom site, the merchants can create and manage appointments, organize and track shipments. In addition, the merchant can also manage an inventory database for various market segments through POS platforms. eCom importing tool lets the users edit or create information in bulk.
Under its inventory importing tool, the customers and vendors can organize the data efficiently under multiple headings like price, brand, colour and size, etc.

Lightspeed Retail POS software reportedly helps merchants operate the business efficiently with cloud-based tools, built-in reports and purchase orders.

The software company also offers payment processing solutions under Lightspeed Payments, which is available to customers in North America and certain European countries.

The company claims its software helps in tracking product warranties and manages sales of serialized inventory.

It reportedly provides smooth and efficient services to retailers/vendors in setting the in-store transactions with a portable POS system.

Lightspeed Restaurant POS provides integrated contactless ordering and payment services, where customer can order and pay through phone.