Lightspeed POS Inc., a leading omnichannel point of sale platform for over 51,000 customer locations worldwide, announced that it has entered into an agreement to acquire Australia-based Kounta Holdings Pty Ltd, a rapidly growing, cloud-based POS solutions provider to small and medium-sized businesses operating within the hospitality industry.

Combining with Kounta will strengthen Lightspeed’s resources to provide even greater customer experiences as it expands into the Asia-Pacific region while tapping the talent and expertise needed to accelerate Lightspeed’s mission of becoming the leading global POS platform for small and medium-sized businesses, the backbone of vibrant cities and communities throughout the world.

The purchase bolsters Lightspeed’s footprint across Australia and New Zealand by more than 7,000 customer locations1, including leading small and medium-sized brands across cafes, bars, full-service restaurants, high-end boutique hotels, and more.

“Kounta’s impressive track record is thanks to its team, and we are excited to welcome them into the Lightspeed family,” said Dax Dasilva, Founder, and CEO of Lightspeed. “When smart minds collaborate, our merchants are the main beneficiaries of the resulting innovation, ultimately enabling SMBs around the world to reach their full potential through our technology.”