Lightspeed

Corporate Headquarters: Montreal, Canada

Website: https://www.lightspeedhq.com/

Category: Media and Technology

LEADERSHIP

Dax Dasilva, Founder & CEO

JD Saint-Martin, President

Asha Bakshani, CFO

Ana Wight, CSO

Company Overview

Lightspeed is a leading provider of cloud-based commerce solutions, helping merchants innovate to simplify, scale, and provide exceptional customer experiences across retail, restaurants, and golf worldwide. Founded in 2005, the company has established itself as one of the most powerful cloud-based tee sheet and golf course management software solutions, serving more than 1,200 courses globally.

Following its 2019 acquisition of Chronogolf, Lightspeed has significantly expanded its presence in the golf industry, offering comprehensive solutions that modernize pro shops and streamline operations through specialized golf retail point-of-sale (POS) systems. The company 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.

Key Facts:

• Serves approximately 165,000 customer locations worldwide
• Processes over $90.7 billion in GTV through its platform (fiscal 2024)
• Ranked fifth-fastest-growing enterprise industry leader by Deloitte’s 2024 Technology Fast 50 Program
• Revenue growth of 20% year over year in 2024
• Operating in over 100 countries

Strategic Vision

“His exceptional track record as the founder of this company speaks volumes about his visionary leadership and dedication to success over the years. Under his guidance, we have witnessed remarkable growth and innovation, propelling Lightspeed to the category leader it is today,” said Patrick Pichette, interim Chair of the Board, speaking about the return of founder Dax Dasilva as CEO in 2024.

Key Programs and Services:

• Flexible, user-friendly tee sheet management
• Cloud-based golf course management software
• Integrated restaurant POS system for clubhouse operations
• Pro shop retail management solutions
• Online booking and scheduling software
• Self check-in kiosk systems
• Custom golf website design templates
• Private golf course management software

Business Model Innovation

Lightspeed’s platform allows operators to:

• Simplify and streamline scheduling with flexible tee sheet management
• Create unlimited categories and book tee times instantly
• Manage standard starts, shotguns, crossovers, and front/backs
• Access tee sheet and customer data anywhere through cloud-based systems
• Optimize sales in clubhouse restaurants and snack bars
• Integrate payments and customize multilocation tools
• Access real-time reporting and business insights

KEY TAKEAWAYS

Since its strategic acquisition of Chronogolf, Lightspeed has continued to expand its reach in the golf industry while maintaining impressive overall company growth. The return of founder Dax Dasilva as CEO in 2024 marks a new chapter in the company’s evolution, with revenues approaching $900 million (U.S.) – a dramatic increase from $77.5 million when the company went public in 2019. Lightspeed’s commitment to providing cost-effective, cloud-based, and user-friendly golf facility management software positions it as a crucial technology partner for modern course operators looking to streamline their operations and enhance customer experience.