Connect&GO and Lightspeed Commerce (NYSE | TSX: LSPD) announce plans to partner and revolutionize the F&B and retail experience for the attractions industry!
November 13, 2023
The new potential partnership will provide Connect&GO clients with more options for their food & beverage and retail operations to create a truly integrated experience.
November 14, 2023 – Connect&GO, the world leader in groundbreaking attractions management and RFID technology, is thrilled to announce its intention to partner with Lightspeed Commerce, a leader in unified payments and point-of-sale (POS) solutions. This collaboration is poised to revolutionize the food & beverage (F&B) and retail operations for attractions worldwide, leveraging technology with a proven track record in the demanding hospitality, retail and golf industry sectors.
Harnessing the Power of Trusted Technology for Continued Growth
Connect&GO, known for its integrated attractions management platform, Konnect, plans to integrate with Lightspeed Restaurant to offer customizable, scalable, and robust solutions. With this potential partnership, Connect&GO offers its clients the freedom to tailor their food & beverage and retail operations according to their unique needs. The integration aims to simplify processes and increase ROI for attractions worldwide, fostering a more enjoyable guest experience.
“Our proposed partnership with Lightspeed stems from a shared vision of innovation and excellence. We aim to integrate a technology that has successfully served sophisticated retailers and restaurants across the globe to the diverse world of attractions,” said Dominic Gagnon, CEO of Connect&GO. “This collaboration would reflect our commitment to providing innovative, flexible solutions that empower attractions to thrive in the ever-evolving industry landscape.”
Lightspeed, recognized for its cloud-based, intuitive POS and payments platform offers real-time analytics and services customers in over 100 countries. The proposed partnership would empower Connect&GO clients with a fast, flexible commerce platform that enhances efficiency and maximizes revenue. Lightspeed's scalable solutions cater to a range of service models that best serve comprehensive restaurant management with advanced features such as table management, bar tabs, AI-assisted menu configurations, and Kitchen Display System (KDS) capabilities.
“We are thrilled to jointly announce our intention to partner with Connect&GO to enhance the guest experience,” said Peter Dougherty, General Manager of Hospitality at Lightspeed. “Looking toward the future, we are excited to expand our offering in this market and work closely with Connect&GO to propel more innovations with the end consumer in mind.”
Innovative Integration for an Exceptional Client Journey
Connect&GO’s integrated system, aptly named Konnect, integrates eCommerce, point-of-sale, F&B, access control, and cashless payments seamlessly. Unlike traditional systems, Konnect offers a holistic view of guest data in real-time, enabling attractions to deliver frictionless experiences. With the support of Lightspeed’s powerful restaurant and retail solutions, Connect&GO clients can maximize revenue, streamline operations, and enhance guest engagement, from one unified solution.
This potential partnership marks a significant leap forward in Connect&GO’s mission to transform the attractions industry with cutting-edge technology, including its newest integrated reporting and BI solution announced last week. Connect&GO continues to drive innovation, having recently celebrated the achievements of esteemed clients like Roaring Springs Waterpark, who was recognized with the prestigious WWA 2023 Leading Edge Award for their innovative use of Connect&GO’s technology.
About Connect&GO
Connect&GO is the leading global provider of integrated technologies and RFID solutions for the attractions industry. Our flexible operations management platform seamlessly integrates e-commerce, POS, food and beverage, RFID, access control and cashless payments using our proprietary virtual wallet technology to provide you all your data in one place. We help you drive revenue and maximize customer engagement with valuable data insights, all in real-time. Connect&GO serves amusement and water parks, family entertainment centers, zoos and aquariums and other attractions around the world, helping to integrate easy-to-use wearable technology into incredible experiences.
To learn more, visit: www.connectngo.com.
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 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.
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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"), including information regarding pending and threatened litigation. 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.
For more details, or to arrange an interview, please contact:
Connect&GO
Katie Reilly, Director of Marketing, Connect&GO
Lightspeed
Media Contacts: Canada: Victoria Baker, NKPR - [email protected]; USA: Jennifer Fugel, Newsmaker Group- [email protected]; Lightspeed Media Relations - [email protected]; Investor Relations: Gus Papageorgiou, Lightspeed Investor Relations - [email protected]