Novel Group and CAA are set to exit NuOrder after the business-to-business e-commerce platform agreed to an acquisition by Lightspeed.
E-commerce software producer Lightspeed agreed yesterday to buy US-based business-to-business e-commerce platform operator NuOrder for $425m, enabling telecommunications firm Novel Group and talent agency Creative Artists Agency (CAA) to exit.
Half the price consists of cash and the other half is made up of subordinate voting shares. Lightspeed has also entered an agreement to buy Ecwid, a software platform used by enterprises to create online stores, in a $500m deal.
NuOrder was founded in 2011 and has built an online…
