Partnership provides Lightspeed hospitality
merchants with direct access to Uber's extensive delivery
network
MONTREAL, QC, May 23, 2024
/PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) | (TSX:
LSPD) the one-stop commerce platform empowering merchants to
provide the best omnichannel experiences, and Uber (NYSE: UBER)
today announced a new North American partnership to directly
integrate Uber Direct and Uber Eats marketplace into Lightspeed's
platform.
Through the partnership, Lightspeed will have built-in
integrations with the Uber Eats marketplace and Uber Direct, Uber's
white-label delivery facilitation service, enabling Lightspeed
merchants to:
- List their menu offerings on and take orders from the Uber Eats
marketplace, which is accessed by millions of monthly active
platform consumers; and
- Take orders from their own branded website through Lightspeed's
Order Anywhere, then access delivery via Uber Direct, allowing them
to pay only the associated delivery fee without the added cost of
developing their own custom delivery fleet.
The combination of solutions enables merchants to satisfy their
customers' delivery demands, tap into new markets through the Uber
Eats marketplace and reduce overhead on direct-to-consumer orders
with Lightspeed Order Anywhere and Uber Direct.
"We are incredibly excited to be announcing this strategic
partnership with Uber, as we believe it unlocks incredible value
for our hospitality customers," said JD Saint-Martin, President of
Lightspeed. "The restaurant industry continues to face significant
challenges with staffing and increasingly narrow revenue margins.
This partnership is an opportunity to provide our customers some
relief in the form of a world-class delivery network and cost
savings plan. We believe this is only the first step in a long-term
relationship with Uber."
"On-demand delivery is now a core expectation for consumers,
with 75% of them expecting express delivery as an option, and
merchants are taking note," said Bernie Huddlestun, Head of Uber Direct for the
US and Canada. "We're proud to
partner with Lightspeed to offer restaurants solutions that meet
their customers' needs and encourage repeat orders, while giving
restaurants the flexibility to offer seamless delivery experiences
in the way that works best for growing their business."
This integration is now available to Lightspeed Restaurant
customers in North America with
additional markets to follow.
To find out more about Lightspeed's integration with Uber Eats
visit:
https://www.lightspeedhq.com/integrations/ubereats/
To find out more about Lightspeed's integration with Uber Direct
visit:
https://www.lightspeedhq.com/integrations/uberdirect/
To find out more about Lightspeed's Order Anywhere visit:
https://www.lightspeedhq.com/pos/restaurant/order-anywhere/.
Lightspeed powers the world's best–restaurants and hospitality
businesses, including: Fairmont Le Manoir
Richelieu (La Malbaie),
Taverne Atlantic (Montréal), Daniel Boulud Group (NYC), Alinea
Group (Chicago), Big Mamma
(Europe), Kei (Paris). Lightspeed Restaurant is currently
available in Canada, the United States, the United Kingdom, France, Belgium, the
Netherlands, Switzerland,
Germany and Australia.
About Lightspeed
Powering the businesses that are the backbone of the global
economy, Lightspeed's one-stop commerce platform helps merchants
innovate to simplify, scale and provide exceptional omnichannel
customer experiences. Our cloud commerce solution transforms and
unifies online and physical operations, multichannel sales,
expansion to new locations, global payments, financial solutions
and connection to supplier networks.
Founded in Montréal, Canada in
2005, Lightspeed is dual-listed on the New York Stock Exchange and
Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across
North America, Europe and Asia
Pacific, the company serves retail, hospitality and golf
businesses in over 100 countries.
For more information, see www.lightspeedhq.com.
Follow us on social media: LinkedIn, Facebook, Instagram,
YouTube, and Twitter.
About Uber
Uber's mission is to create opportunity through movement. We
started in 2010 to solve a simple problem: how do you get access to
a ride at the touch of a button? More than 49 billion trips later,
we're building products to get people closer to where they want to
be. By changing how people, food, and things move through cities,
Uber is a platform that opens up the world to new
possibilities.
Forward-Looking Statements
This news release may include forward-looking information and
forward-looking statements within the meaning of applicable
securities laws ("forward-looking statements"). Forward-looking
statements are statements that are predictive in nature, depend
upon or refer to future events or conditions and are identified by
words such as "will", "expects", "anticipates", "intends", "plans",
"believes", "estimates" or similar expressions concerning matters
that are not historical facts. Such statements are based on current
expectations of Lightspeed's management and inherently involve
numerous risks and uncertainties, known and unknown, including
economic factors. A number of risks, uncertainties and other
factors may cause actual results to differ materially from the
forward-looking statements contained in this news release,
including, among other factors, those risk factors identified in
our most recent Management's Discussion and Analysis of Financial
Condition and Results of Operations, under "Risk Factors" in our
most recent Annual Information Form, and in our other filings with
the Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission, all of which are available
under our profiles on SEDAR at www.sedarplus.ca and on EDGAR at
www.sec.gov. Readers are cautioned to consider these and other
factors carefully when making decisions with respect to
Lightspeed's subordinate voting shares and not to place undue
reliance on forward-looking statements. Forward-looking statements
contained in this news release are not guarantees of future
performance and, while forward-looking statements are based on
certain assumptions that Lightspeed considers reasonable, actual
events and results could differ materially from those expressed or
implied by forward-looking statements made by Lightspeed. Except as
may be expressly required by applicable law, Lightspeed does not
undertake any obligation to update publicly or revise any such
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Lightspeed Commerce Inc.