Lightspeed vs Toast POS
Last updated: June 08, 2021
Lightspeed is the leading provider of cloud-based POS software. Our customers typically see a 20% growth in sales after their first year. Now is the time to join the growing list of independent businesses that choose Lightspeed POS to handle their everyday needs. Lightspeed Restaurant allows you to create your menu in seconds, update your floor plan directly in the system, impress customers with photos of items and allow your staff to focus on creating a unique restaurant experience.
One Platform to Power Your Restaurant Operations. Simplify your operations by combining POS, front of house, back of house, and guest-facing technology on a single platform.
Lightspeed vs Toast POS in our news:
2021. Lightspeed buys Ecwid for $500M
Lightspeed has picked up two more companies in what is shaping up to be an acquisition spree for the Canadian point-of-sale software provider: e-commerce platform Ecwid for $500 million, and NuOrder, a B2B ordering platform servicing wholesales, brands and retailers, for $425 million. Ecwid itself has been around for years, initially making its name as a key partner of Facebook’s to help small businesses build commerce experiences on the social media platform, and eventually expanding to provide tools for merchants that use services like Square and Wix, as well as other third-party platforms like Instagram and Google — sometimes competing with but also potentially integrating with other e-commerce backends like Shopify.
2020. Lightspeed acquires restaurant software company Upserve for $430M
Lightspeed just announced the acquisition of Upserve, expanding Lightspeed’s presence in the restaurant industry. The company already offers cloud-based point-of-sale software for restaurants and other businesses. Upserve was founded back in 2009 as one of several startups encouraging users to share their purchase information with friends. It shifted its offerings to business tools around payments, marketing and loyalty, eventually rebranding as Upserve as it became increasingly focused on the restaurant market. Combining forces with Upserve is a strategic next-step in Lightspeed’s vision of providing the most advanced commerce platform to high-performing businesses around the world.
2019. Restaurant management platform Toast raised $250M
Toast, which has built a popular platform for restaurant management, has raised $250 million on a valuation of $2.7 billion, money that it will use to invest in building technology to help restaurants with marketing, recruitment and operational efficiency, as well as start to think about expanding to more territories outside the U.S. Toast’s products include point of sale services as well as reporting and analytics; display systems for kitchens; online ordering and delivery interfaces; and loyalty programs. It also builds its own hardware, which includes handheld order pads, payment and ordering terminals, self-service kiosks and displays for guests. It also offers links through to a network of some 100 partners, such as Grubhub for takeout food, when a restaurant does not cover those services or functions directly, to help stitch together services to work on its platform.