First Data and Salesforce Ventures are set to exit the digital commerce technology provider after it agreed to be purchased for $440m in cash and stock.
Digital commerce software provider Lightspeed POS has agreed to buy US-headquartered point-of-sale technology producer ShopKeep in a $440m deal that will allow corporates Salesforce and First Data to exit.
The transaction will consist of about $145m in cash and the remainder in the form of about 9.5 million Lightspeed shares. RBC Capital Markets advised Lightspeed on the acquisition.
ShopKeep provides technology that allows small businesses such as restaurants or independent retailers to accept digital payments online and in real life,…
