<s>
Kounta	B-Application
is	O
an	O
Australian	O
software	O
company	O
founded	O
in	O
2012	O
.	O
</s>
<s>
The	O
company	O
's	O
flagship	O
product	O
,	O
Kounta	B-Application
,	O
comprises	O
a	O
cloud	O
based	O
point	O
of	O
sale	O
mobile	B-Application
app	I-Application
.	O
</s>
<s>
Kounta	B-Application
was	O
founded	O
in	O
2012	O
by	O
entrepreneur	O
Nick	O
Cloete	O
.	O
</s>
<s>
In	O
2012	O
,	O
the	O
company	O
launched	O
its	O
flagship	O
product	O
,	O
Kounta	B-Application
,	O
a	O
hospitality-focused	O
point	O
of	O
sale	O
(	O
POS	O
)	O
mobile	B-Application
app	I-Application
for	O
iPad	B-Device
,	O
Android	B-Application
,	O
Mac	B-Application
,	O
and	O
Windows	O
.	O
</s>
<s>
The	O
app	O
was	O
initially	O
a	O
web-based	O
application	O
,	O
and	O
later	O
developed	O
into	O
an	O
online	O
cash	O
register	O
and	O
inventory	O
management	O
system	O
that	O
allows	O
businesses	O
to	O
take	O
payments	O
from	O
customers	O
via	O
mobile	B-Application
devices	I-Application
.	O
</s>
<s>
The	O
app	O
has	O
been	O
made	O
available	O
for	O
iPad	B-Device
,	O
iPhone	B-Device
,	O
and	O
Android	B-Application
devices	O
;	O
as	O
well	O
as	O
iOS	B-Application
,	O
Windows	O
,	O
and	O
other	O
peripherals	O
.	O
</s>
<s>
In	O
2012	O
,	O
Kounta	B-Application
partnered	O
with	O
Epson	O
,	O
providing	O
a	O
cloud-based	O
POS	O
platform	O
for	O
Epson	O
printers	O
.	O
</s>
<s>
In	O
2013	O
,	O
the	O
company	O
formed	O
a	O
partnership	O
with	O
PayPal	O
,	O
integrating	O
cashless	O
and	O
cardless	O
transaction	O
options	O
via	O
PayPal	O
's	O
mobile	B-Application
app	I-Application
.	O
</s>
<s>
In	O
2014	O
,	O
MYOB	O
(	O
company	O
)	O
made	O
an	O
undisclosed	O
investment	O
towards	O
Kounta	B-Application
.	O
</s>
<s>
This	O
partnership	O
led	O
to	O
the	O
development	O
of	O
MYOB	O
Kounta	B-Application
,	O
a	O
co-branded	O
application	O
merging	O
Kounta	B-Application
's	O
POS	O
with	O
MYOB	O
's	O
application	O
software	O
.	O
</s>
<s>
MYOB	O
Kounta	B-Application
launched	O
in	O
October	O
of	O
the	O
same	O
year	O
.	O
</s>
<s>
In	O
2016	O
,	O
Kounta	B-Application
announced	O
a	O
partnership	O
with	O
the	O
Commonwealth	O
Bank	O
of	O
Australia	O
to	O
include	O
the	O
Kounta	B-Application
app	O
onto	O
"	O
Albert	O
"	O
,	O
the	O
bank	O
's	O
EFTPOS	O
tablet	O
.	O
</s>
<s>
This	O
allowed	O
the	O
Commonwealth	O
Bank	O
of	O
Australia	O
to	O
become	O
the	O
first	O
bank	O
to	O
manage	O
all	O
customers	O
operations	O
from	O
a	O
single	O
device	O
and	O
mobile	B-Application
application	I-Application
.	O
</s>
<s>
The	O
Kounta	B-Application
POS	O
is	O
a	O
software-as-a-service	B-Architecture
(	O
SaaS	B-Architecture
)	O
that	O
runs	O
as	O
an	O
application	O
in	O
web	B-Application
browsers	I-Application
as	O
well	O
as	O
natively	O
on	O
iOS	B-Application
and	O
Android	B-Application
operating	I-Application
systems	I-Application
.	O
</s>
<s>
Kounta	B-Application
also	O
incorporates	O
an	O
Open	B-Application
API	I-Application
,	O
making	O
it	O
possible	O
for	O
other	O
software	O
providers	O
to	O
integrate	O
complementary	O
apps	O
,	O
further	O
extending	O
the	O
software	O
's	O
use	O
.	O
</s>
<s>
Traditional	O
IT	O
tasks	O
,	O
such	O
as	O
data	B-Protocol
backup	I-Protocol
and	O
encryption	O
,	O
hardware	O
maintenance	O
,	O
and	O
server	O
upgrades	O
are	O
handled	O
by	O
Kounta	B-Application
's	O
data	B-Operating_System
center	I-Operating_System
.	O
</s>
<s>
Kounta	B-Application
is	O
made	O
accessible	O
via	O
paid	O
monthly	O
subscription	O
licenses	O
.	O
</s>
<s>
In	O
October	O
2019	O
,	O
Kounta	B-Application
was	O
acquired	O
by	O
Lightspeed	B-Application
–	O
a	O
leading	O
omnichannel	O
point	O
of	O
sale	O
platform	O
based	O
in	O
Montreal	O
,	O
Canada	O
.	O
</s>
<s>
Kounta	B-Application
was	O
Lightspeed	B-Application
’s	O
third	O
acquisition	O
in	O
2019	O
,	O
and	O
was	O
acquired	O
for	O
$35.3	O
million	O
USD	O
.	O
</s>
<s>
Lightspeed	B-Application
is	O
an	O
advanced	O
commerce	O
platform	O
for	O
retail	O
,	O
hospitality	O
,	O
and	O
golf	B-Application
businesses	O
across	O
the	O
world	O
.	O
</s>
<s>
Lightspeed	B-Application
announced	O
that	O
their	O
intention	O
for	O
their	O
net	O
proceeds	O
is	O
to	O
‘	O
pursue	O
...	O
growth	O
strategies.	O
'	O
</s>
