LightSpeed Announces The Launch Of LightSpeed Cloud

Company Releases Web-Based POS and iPad App for Inventory-Centric Retailers, Accelerates Growth with the Acquisition of MerchantOS

LightSpeed, a leading software company revolutionizing the in-store shopping experience, recently 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.”

LightSpeed’s Suite of Product Offerings:

• LightSpeed Cloud – A secure web- and iPad-based inventory management and POS solution that provides retailers with the speed and flexibility to manage their store in the cloud – anytime and from anywhere.
• LightSpeed Pro – LightSpeed’s Apple-based POS offers retailers award-winning omni-channel and customer engagement tools that are reinventing the in-store shopping experience for both customers and storeowners. LightSpeed Pro is the world’s leading Apple-based retail POS solution.

Those wishing to experience LightSpeed Cloud and LightSpeed Pro can get started for free at www.lightspeedretail.com or contact info@lightspeedretail.com. Those interested in a career at LightSpeed can explore openings and submit an application at www.lightspeedretail.com/careers.

About LightSpeed:
Backed by Accel Partners and iNovia Capital, LightSpeed is committed to its mission of fusing innovation, technology, and design to produce the most compelling retail business solution on any platform. Led by founder and CEO Dax Dasilva, LightSpeed was designed to help retailers attain their business aspirations. Founded in 2005 and based in Montreal, Ottawa, New York City, and Olympia, WA, LightSpeed specializes in building next-generation retail software systems that offer business owners powerful, intuitive retail tools. For more information, visit www.lightspeedretail.com.