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Announced

Lightspeed to acquire Ecwid for $500m.

Synopsis

Lightspeed, a one-stop commerce platform, agreed to acquire Ecwid, a digital commerce company, for $500m. "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. 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," Dax Dasilva, Lightspeed Founder and CEO.

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