Who bought vend?

Who bought vend?

Retail tech darling Vend has been bought by Canadian company Lightspeed for about US$350 million ($NZ484m). The sale nets the company’s 37 shareholders, including founder Vaughan Fergusson, a total of US$192.5m in cash and as well as US$157.5 million in subordinate shares in Lightspeed.

What are Vend?

Vend POS: The best way to make sales today Vend is the web-based point of sale system that makes it simple to sell to your customers, and keep them coming back to your store. It works on Mac or PC, online and offline, and is so easy to use you can get your staff selling in no time.

What was vend built for?

Vend was the world’s first cloud-based POS. We were founded 10 years ago by engineers with a passion for retail, so, naturally, a fully documented open API is built right into the heart of the product. Leverage the Vend platform to improve your own offering or simply integrate your existing business applications.

Is vend a good POS system?

Vend is one of the best point-of-sale systems for growing brick-and-mortar retail businesses with robust inventory management features, multi-store functionality and thorough reporting. It includes unlimited products and users, is compatible with a variety of hardware options and provides 24/7 customer support.

Does Lightspeed own Vend?

Yes, Vend is now part of the Lightspeed family. Our passion and commitment to retailers remain the same, and we’ll continue to offer point of sale, inventory, reporting, and other features to help you manage your business.

How much did Lightspeed Buy Vend for?

$350 million
The point-of-sale and e-commerce software company Lightspeed will acquire competitor Vend for a deal worth $350 million — $192.5 million in cash and $157.5 million in shares, to be specific. The move builds Lightspeed’s base around the globe.

Where is vend based?

Auckland, New Zealand
Vend is cloud-based point-of-sale and retail management software company based in Auckland, New Zealand. The company was founded in 2010 by Vaughan Rowsell.

How much did Lightspeed Buy vend for?

How much did vend sell for?

US$350 million
On 12 March 2021, Vend was sold to Lightspeed POS Inc. for US$350 million (NZ$455 million).

Does vend have an app?

Customer-facing display – The perfect companion for your Vend iPad POS app, Vend’s Display app lets customers enter their details, receive email receipts, and earn rewards. Loyalty program – Show your customers how much you appreciate them through Vend’s loyalty program.

What is Vend?

A retail POS system including debit/credit card readers and inventory management. Vend is point of sale, inventory and customer loyalty software that makes it easy for retailers to set up, manage and grow their businesses.

How can I get in touch with Vend?

We’re available by live chat, email and phone. Plus we offer personalised on-boarding packages for you and your team. Or, call us now on +1-844-942-2… You can trust Vend with your business. The security of Vend’s systems is regularly tested by independent auditors

How many locations use Vend?

“Their customer service is amazing!” 20,000 customer locations around the world trust Vend to power their stores. We’ve been helping retailers start and grow their businesses for 10 years!

Why did we build Vend?

We built Vend because we believe, perhaps more than ever, that the world needs more passionate retailers like you. Start your free trial and take Vend for a spin. Or have a chat with our team to find out if Vend is right for you and your business. Try Vend Today! Includes 24/7 access to support & advice to get you started.