Lightspeed POS Acquires the Fastest Growing eCommerce Platform in Europe

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Canadian eCommerce platform Lightspeed POS has acquired SEOshop, the fastest growing eCommerce platform in Europe.

SEOshop currently serves more than 8,000 leading online merchants including Philips Lighting, Heineken, National Geographic Netherlands and the Van Gogh Museum.

SEOshop has doubled revenue every year for the past three years, delivering more than 1000 percent revenue growth from 2011 to 2014. 

Starting today, Lightspeed will introduce SEOshop technology, branded as Lightspeed eCom, in the UK and North America. 

The acquisition will enable Lightspeed merchants to offer a unified in-store and online omnichannel customer experience.

Montreal-based Lightspeed, which develops cloud-based point-of-sale systems for retailers and restaurants, raised an $80 million investment round in September bringing the company’s total funding to $166 million.

With the acquisition of SEOshop, the company now serves 34,000 businesses in more than 100 countries, processing US $12 billion in annual transactions.

As part of the deal, SEOshop CEO Ruud Stelder will join the Lightspeed leadership team as Director of Global eCommerce Revenue, and CTO Dennis Cuijpers will become Lightspeed’s Director of eCommerce Development and Architecture.

“Bringing SEOshop into the Lightspeed family gives us additional global scale, and allows us to help store owners create a great shopping experience and sell smarter- no matter how their customers choose to shop,” said Dax Dasilva, CEO, Lightspeed POS.

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