Lightspeed POS, a point-of-sale and e-commerce software provider based in Montreal, completed the acquisition of ShopKeep, a cloud commerce platform provider based in New York City, from venture capital firms Canaan Partners, TTV Capital, Tribeca Venture Partners, Contour Venture Partners and Activant Capital Group for $440m. "ShopKeep's commitment to enabling independent businesses to dream big and rise above industry and economic challenges is deeply aligned with our own mission to power the future of commerce. This acquisition will bring ShopKeep merchants, small and medium-sized businesses that make up the backbone of the US economy, into the Lightspeed family, providing them even more crucial product innovation and world-class support as they drive the reinvention of American commerce," Dax Dasilva, Lightspeed Founder and CEO.