Lightspeed Commerce Divests Upserve U.S. Hospitality Product Line to Skyview Equity
Lightspeed Commerce announced the sale of its non-core Upserve U.S. hospitality product line to Skyview Equity for total consideration of up to $81 million, consisting of $44 million in fixed cash and a $37 million earnout. The divestiture encompasses approximately 3,200 customer locations and 70 employees, allowing Lightspeed to streamline its portfolio and focus on its core growth engines of retail in North America and hospitality in Europe. The divested operations generated roughly $140 million in revenue and $26 million in gross profit during Fiscal 2026.
Key figures
- Guidance
- Fiscal 2027 Adjusted EBITDA $75 million - $95 million
- Deal Value Usd
- 81000000
- Divested gtv fy2026
- $5 billion
- Divested revenue fy2026
- $140 million
- Divested customer locations
- ~3,200
- Divested gross profit fy2026
- $26 million
- Share repurchase authorization remaining
- $200 million
AI analysis
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