MONTREAL, Sept. 6,
2022 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE:
LSPD) (TSX: LSPD), the one-stop commerce platform for merchants
around the world to simplify, scale, and create exceptional
customer experiences, has today announced the initial launch of
Lightspeed Restaurant in the Australian market - a unified
hospitality commerce and point-of-sale (POS) platform to power
Unveiling at Fine Food Australia, and coming soon to Australian
businesses Lightspeed Restaurant, an industry-leading cloud
platform, combines an innovative POS, contactless integrated
payments, online ordering, advanced inventory, industry leading
analytics and more; enabling operators to run smarter, more
efficient restaurants. The local launch of Lightspeed Restaurant
integrates cutting edge technology to build a single product that
incorporates the best features of Australian leading Kounta and the
breadth and sophistication of Lightspeed's market leading
capabilities, and comes as Australia's world-famous dining industry
continues to defy economic pressure.
Data from a subset of Australian restaurants, cafes and bars
using Lightspeed in July found that year-over-year revenue was up
50.3% in restaurants, 48.5% in bars, and 25.7% in cafes compared to
the same month in 2021. Remarkably, July was the sixth successive
month of year-over-year growth*.
Peter Dougherty, General
Manager of Hospitality, at Lightspeed, said: "Bringing
Lightspeed Restaurant to an Australian market famed for the
vibrancy of its hospitality sector is an exciting moment for
Lightspeed. Restaurants have rapidly accelerated their digital
transformation in recent years, and today merchants can't
compromise when it comes to technology. Lightspeed Restaurant
allows Australian restaurant owners to take control of seat level
ordering, multiple service environments, complex printing setups,
and more, all through a single commerce platform - providing the
solution they need to meet and exceed the needs of their customers,
empower their team and overcome the challenges of today."
Key features of Lightspeed Restaurant include:
- Advanced insights: Lightspeed Restaurant informs
operators what turns customers into regulars, who their best wait
staff are and why, and makes them feel like they're on the floor
every day even across multiple locations.
- Comprehensive integrated inventory: Track and automate
inventory without breaking the bank. Know exactly how much product
was sold, how much is still on hand, and how much is needed from a
supplier for the next order.
- Speed and automation for the front of the house:
Optimised by years of user testing, Lightspeed Restaurant is easy
to use and train on, key for hiring and retaining staff and running
smoother shifts in busy environments.
- Innovative ordering and payments with Order Anywhere:
Fully integrated with Lightspeed Restaurant, Order Anywhere
provides contactless ordering and payments for dine-in, and
commission-free ordering for takeout, with the flexibility to
either pre-pay online or pay at pick up, while avoiding expensive
- Real-time data: Restaurant owners, chefs and managers
receive a daily email detailing everything they need to know before
doors open, and a shift prep email detailing reservations, VIP
guests, and notes for the service ahead.
Bluebonnet Barbecue, Melbourne's iconic Texas-style BBQ venue, has
been using Lightspeed Restaurant in the initial launch phase.
Bluebonnet's Manager, Mikey
Buchanan, said the platform gives the business a
competitive advantage and the foundations to overcome challenges
and provide better experiences for customers and employees
"We've been looking for a platform like Lightspeed Restaurant
for years. The access to real-time insights has given us a deeper,
more accurate understanding of our business than we've ever had
before. It's incredibly powerful and sophisticated, but also
user-friendly, which is so important in a transient industry where
staff come and go.
"Rather than using different systems for different business
functions everything is on one system, driving operational
efficiencies which benefit our team and, ultimately, our customers.
We're passionate about our craft and our customers, and with
Lightspeed Restaurant we spend less time working on administration
and non-revenue generating tasks and more time delivering the food
and experiences that bring people together."
The initial launch of Lightspeed Restaurant in Australia follows the recent launch of
Lightspeed Payments, an integrated, contactless payments processor
that gives hospitality and retail businesses the ability to process
customer payments directly from their point-of-sale.
For more information, click here.
Powering the businesses that are the backbone of the global
economy, and used by merchants around the world including
Messina, Lion, Momofuku, Five
Guys, and Vera Wang,
Lightspeed's one-stop commerce platform helps merchants innovate to
simplify, scale and provide exceptional customer experiences. Our
cloud commerce solution transforms and unifies online and physical
operations, multichannel sales, expansion to new locations, global
payments, financial solutions and connection to supplier
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York and Toronto Stock Exchange (NYSE:
LSPD) (TSX: LSPD). With teams across North America, Europe and Asia
Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and Twitter
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"), including
information regarding Lightspeed's product offerings and planned
product roadmap. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or
conditions and are identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates" or
similar expressions concerning matters that are not historical
facts. Such statements are based on current expectations of
Lightspeed's management and inherently involve numerous risks and
uncertainties, known and unknown, including economic factors. A
number of risks, uncertainties and other factors may cause actual
results to differ materially from the forward-looking statements
contained in this news release, including, among other factors,
those risk factors identified in our most recent Management's
Discussion and Analysis of Financial Condition and Results of
Operations, under "Risk Factors" in our most recent Annual
Information Form, and in our other filings with the Canadian
securities regulatory authorities and the U.S. Securities and
Exchange Commission, all of which are available under our profile
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are
cautioned to consider these and other factors carefully when making
decisions with respect to Lightspeed's subordinate voting shares
and not to place undue reliance on forward-looking statements.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that Lightspeed
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by Lightspeed. Except as may be expressly required
by applicable law, Lightspeed does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
*The anonymised data was
collected from the monthly revenue figures and year over year
growth of restaurateurs using Lightspeed restaurant
products from January 2021 - July 2022.
Lightspeed Media Relations
View original content to download
SOURCE Lightspeed Commerce Inc.