Tuesday, June 8, 2021

Ecwid, NuORDER Acquired By Lightspeed For Nearly A Billion Dollars

Two, Los Angeles area companies--Ecwid and NuORDER--are in a deal to be acquired by Canadian point-of-sale software developer Lightspeed, Lightspeed announced on Monday. According to Lightspeed, it will pay approximately $500M for Ecwid, split between $175M in cash and $325M in shares of the company. Lightspeed will pay approximately $425M for NuOrder, split between $212.5M in cash plus sahres worth another $212.5M. Ecwid is an e-commerce site, and had revenues of over $20M for the year ended March 31, 2021; NuORDER operates a marketplace which connects retailers and wholesalers, and also had revenues around $20M.

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