<s>
Lightspeed	B-Application
Commerce	O
is	O
a	O
point-of-sale	O
and	O
e-commerce	O
software	O
provider	O
based	O
in	O
Montreal	O
,	O
Quebec	O
,	O
Canada	O
.	O
</s>
<s>
Lightspeed	B-Application
was	O
founded	O
by	O
Dax	O
da	O
Silva	O
in	O
2005	O
,	O
with	O
its	O
headquarters	O
in	O
Montreal	O
,	O
to	O
provide	O
point-of-sale	O
and	O
e-commerce	O
software	O
to	O
retail	O
businesses	O
.	O
</s>
<s>
Profit	O
has	O
ranked	O
Lightspeed	B-Application
24th	O
in	O
2011	O
and	O
61st	O
in	O
2012	O
on	O
its	O
list	O
of	O
"	O
Canada	O
's	O
200	O
fastest	O
growing	O
companies	O
"	O
.	O
</s>
<s>
It	O
acquired	O
MerchantOS	O
,	O
point-of-sale	O
software	O
developer	O
,	O
and	O
Lightspeed	B-Application
Retail	O
,	O
an	O
HTML5	O
web-based	O
product	O
that	O
can	O
be	O
used	O
from	O
any	O
computer	O
in	O
2013	O
.	O
</s>
<s>
Lightspeed	B-Application
's	O
customers	O
processed	O
$7.5	O
billion	O
in	O
2013	O
.	O
</s>
<s>
On	O
June	O
18	O
,	O
2014	O
,	O
the	O
company	O
added	O
Advanced	O
Analytics	O
to	O
Lightspeed	B-Application
Retail	O
's	O
feature	O
roster	O
.	O
</s>
<s>
In	O
September	O
,	O
Lightspeed	B-Application
closed	O
a	O
$35	O
million	O
investment	O
round	O
led	O
by	O
iNovia	O
Capital	O
.	O
</s>
<s>
Lightspeed	B-Application
was	O
serving	O
21,000	O
businesses	O
and	O
its	O
per	O
year	O
transactions	O
increased	O
from	O
$6	O
billion	O
to	O
$8.2	O
billion	O
.	O
</s>
<s>
In	O
September	O
2015	O
,	O
Lightspeed	B-Application
closed	O
a	O
$61	O
million	O
Series	O
C	O
round	O
of	O
funding	O
led	O
by	O
Caisse	O
de	O
dépôt	O
et	O
placement	O
du	O
Québec	O
and	O
Investissement	O
Québec	O
,	O
with	O
participation	O
from	O
earlier	O
investors	O
Accel	O
Partners	O
and	O
iNovia	O
.	O
</s>
<s>
The	O
next	O
month	O
Lightspeed	B-Application
acquired	O
Amsterdam-based	O
eCommerce	O
software	O
developer	O
SEOShop	O
and	O
announced	O
that	O
it	O
would	O
be	O
expanding	O
its	O
product	O
offering	O
to	O
serve	O
both	O
brick-and-mortar	O
and	O
online	O
retailers	O
.	O
</s>
<s>
SEOShop	O
's	O
eCommerce	O
platform	O
was	O
rebranded	O
as	O
Lightspeed	B-Application
eCom	O
and	O
further	O
refined	O
to	O
offer	O
complete	O
integration	O
with	O
the	O
company	O
's	O
retail	O
POS	O
software	O
.	O
</s>
<s>
In	O
October	O
2017	O
,	O
Lightspeed	B-Application
POS	I-Application
Inc	I-Application
.	I-Application
raised	O
about	O
C$200	O
million	O
( $160	O
million	O
)	O
in	O
a	O
new	O
round	O
of	O
venture-capital	O
funding	O
.	O
</s>
<s>
In	O
April	O
2018	O
,	O
Lightspeed	B-Application
added	O
Patrick	O
Pichette	O
,	O
the	O
former	O
chief	O
financial	O
officer	O
at	O
Google	O
,	O
Paul	O
McFeeters	O
,	O
the	O
former	O
chief	O
financial	O
officer	O
of	O
OpenText	O
to	O
its	O
board	O
of	O
Directors	O
.	O
</s>
<s>
Lightspeed	B-Application
POS	O
,	O
Inc	O
.	O
Lightspeed	B-Application
unveiled	O
Retail	O
Success	O
Index	O
Tool	O
in	O
October	O
.	O
</s>
<s>
Later	O
that	O
year	O
,	O
the	O
company	O
announced	O
Lightspeed	B-Application
Loyalty	O
,	O
a	O
platform	O
for	O
customer	O
engagement	O
.	O
</s>
<s>
On	O
January	O
30	O
,	O
2019	O
,	O
Lightspeed	B-Application
Payments	O
rolled	O
out	O
.	O
</s>
<s>
In	O
November	O
2020	O
,	O
Lightspeed	B-Application
acquired	O
ShopKeep	B-General_Concept
for	O
US$440	O
million	O
.	O
</s>
<s>
On	O
March	O
12	O
,	O
2021	O
,	O
New	O
Zealand	O
cloud-based	O
retail	O
software	O
company	O
Vend	O
was	O
bought	O
by	O
Lightspeed	B-Application
for	O
US$350	O
million	O
.	O
</s>
<s>
On	O
September	O
29	O
2021	O
,	O
short	O
seller	O
Spruce	O
Point	O
Capital	O
Management	O
publicly	O
accused	O
Lightspeed	B-Application
of	O
exaggerating	O
its	O
finances	O
to	O
investors	O
.	O
</s>
<s>
The	O
firm	O
alleged	O
that	O
Lightspeed	B-Application
has	O
covered	O
up	O
"	O
massive	O
inflation	O
"	O
of	O
how	O
many	O
customers	O
it	O
has	O
,	O
how	O
much	O
money	O
it	O
makes	O
from	O
them	O
and	O
how	O
much	O
growth	O
potential	O
it	O
has	O
.	O
</s>
<s>
Following	O
Spruce	O
Point	O
's	O
report	O
,	O
Lightspeed	B-Application
released	O
a	O
statement	O
saying	O
,	O
"	O
The	O
report	O
contains	O
numerous	O
important	O
inaccuracies	O
and	O
mischaracterizations	O
which	O
Lightspeed	B-Application
believes	O
are	O
misleading	O
and	O
clearly	O
intended	O
to	O
benefit	O
Spruce	O
Point	O
,	O
which	O
itself	O
has	O
disclosed	O
that	O
it	O
stands	O
to	O
profit	O
in	O
the	O
event	O
that	O
the	O
stock	O
price	O
of	O
Lightspeed	B-Application
declines.	O
"	O
</s>
