×
3 541
Fashion Jobs
VF INTERNATIONAL
Compliance &Amp; Audit Controller
Permanent · CALVERTON
COTY
UK & Ireland Cfo, Consumer Beauty & Luxury
Permanent · London
EVERLAST GYMS
General Manager - Everlast Gyms
Permanent · SELBY
SELFRIDGES
Senior Tech Business Analyst - Source And Supply
Permanent · LONDON
HARVEY NICHOLS KNIGHTSBRIDGE
Brand Consultant - Canada Goose (Womenswear)
Permanent · LONDON
NEXT
Sales Coordinator - Toftshaw Lane Staff Shop
Permanent · BRADFORD
NEXT
Home Design Consultant - Norfolk Longwater
Permanent · NORWICH
NEXT
Delivery Manager - Basildon
Permanent · BASILDON
NEXT
Sales Manager - Scarborough Home
Permanent · SCARBOROUGH
NEXT
Sales Coordinator - Cheltenham Gallagher
Permanent · CHELTENHAM
NEXT
Delivery Coordinator - Bentley Bridge - Wolverhampton
Permanent · WOLVERHAMPTON
NEXT
Sales Coordinator - Leeds Thorpe Park
Permanent · LEEDS
NEXT
Sales Coordinator - Redditch
Permanent · REDDITCH
NEXT
Sales Manager - Bristol Imperial Park
Permanent · BRISTOL
HUGO BOSS UK LTD.
IT Business Consultant - Northern Hub
Permanent ·
FRASERS GROUP
HR Business Partner
Permanent · SHIREBROOK
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · STOKE-ON-TRENT
ALL SAINTS
Senior CRM Executive
Permanent · London
COTY
Pan eu Senior Key Account Manager
Permanent · London
FLANNELS
Events & Marketing Manager- Flannels
Permanent · LIVERPOOL
FRASERS GROUP
Senior Marketing Executive - Everlast Gyms
Permanent · SHIREBROOK
FLANNELS
Loss Prevention Supervisor - Flannels
Permanent · RUSHDEN
Ads
Published
Jun 8, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Lightspeed to acquire NuOrder and Ecwid

Published
Jun 8, 2021

Canadian cloud-based e-commerce technology company Lightspeed announced on Monday the acquisition of both NuOrder, a digital wholesale platform connecting businesses and suppliers, and Ecwid, a U.S.-based global e-commerce platform, for a combined $925 million.

Lightspeed to acquire NuOrder and Ecwid. - Facebook: Lightspeed


"By joining forces with Ecwid and NuOrder, Lightspeed becomes the common thread uniting merchants, suppliers and consumers, a transformation we believe will enable innovative retailers to adapt to the new world of commerce," said Dax Dasilva, founder and CEO of Lightspeed. 

"As economies reopen and business creation accelerates, we hope to embolden entrepreneurs with the tools they need to simplify their operations and scale their ambitions.”

Lightspeed will acquire NuOrder for a consideration of about $425 million, with plans to create an industry-leading bridge between the merchant and supplier experience. NuOrder currently serves over 3,000 brands and saw more than 100,000 retailers make more than $11.5 billion in orders through its platform in the trailing twelve month period ended March 31, 2021. The acquisition follows the strong initial reception and success of the Lightspeed Supplier Network. The deal is expected to close during the quarter ended September 30, 2021. 

"At NuOrder, we have been on a journey to revolutionize retail by building a global network for brands and retailers. The coming together of Lightspeed and NuOrder accelerates that vision exponentially. The power of connected commerce comes to life now," said NuOrder co-founders and co-CEOs, Olivia Skuza and Heath Wells. 

Likewise, Lightspeed will acquire Ecwid for a consideration of about $500 million. Once integrated, the combination of Lightspeed and Ecwid will help merchants to reach shoppers where they are, whether on social media or digital marketplaces, ushering in newfound selling flexibility and omnichannel experiences. 

It currently serves over 130,000 paying customers in over 100 countries around the world. In the period ended March 31, 2021, Ecwid generated revenue of over $20 million, growing at a rate of more than 50 percent year-over-year. The deal is also expected to close during the quarter ended September 30. 

"The distinction between online and brick-and-mortar retail has disappeared. Lightspeed and Ecwid, two best-in-class platforms, will unite to truly empower businesses. By eliminating the barriers merchants face when selling online, we will only more rapidly achieve our common vision of democratizing retail for independent businesses worldwide and enrich the communities they serve," added Ecwid CEO, Ruslan Fazlyev.

Lightspeed, which went public on the Toronto Stock Exchange in 2019 and most recently debuted on the New York Stock Exchange, has been on what feels like an acquisition spree. 

Most recently, it also acquired fellow Canadian cloud commerce platform provider ShopKeep Inc for $440 million in cash and shares. Others include Montreal-based Chronogolf, Sydney-based Kounta and Berlin-based Gastrofix.

Copyright © 2023 FashionNetwork.com All rights reserved.