ShopKeep by Lightspeed is a
cloud-based iPad
The iPad is a brand of iOS and iPadOS-based tablet computers that are developed by Apple Inc. The iPad was conceived before the related iPhone but the iPhone was developed and released first. Speculation about the development, operating s ...
point of sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
(POS) system headquartered in
New York, NY
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
. Founded in 2008, its
POS system
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
is used by more than 23,000 small businesses in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
and
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
, most of which are retail shops, coffee shops, restaurants, and bars. The system allows merchants to ring up sales, print or email receipts, pop a cash drawer, accept credit cards and print remotely to the kitchen right from an iPad or Android tablet. The web-based BackOffice allows inventory, employee, and customer management, and analytics and reporting. The smartphone dashboard app allows merchants to view real-time store sales remotely.
History
ShopKeep was co-founded by Jason Richelson, co-founder of several retail stores in Brooklyn and New York City, and Amy Bennett out of their wine store in Brooklyn in the fall of 2008 after their point of sale software crashed for the last time. David Olk, former Director of M&A at IAC, joined as the third co-founder and COO in July 2011 to help Jason and Amy execute on their vision and raise outside capital, eventually closing the company's first external raise 6 months later in December 2011. When Jason's point of sale system in his stores broke down, he decided that there had to be a simpler, smarter solution for small businesses. He developed ShopKeep POS as a cloud-based point of sale system to allow a merchants to access data even when they are not in the store. He also developed it from the eyes of a retailer and used his expertise to create a user interface that is intuitive to the merchants and the cashiers that stand behind the counter. Jason hired Bill Walton as the original system architect and engineer to build the ShopKeep Platform in October 2008.
In August 2011, the first iPad version of ShopKeep was released in the App Store. As of July 2015, ShopKeep has raised over $97 million in funding.
On 5 November 2020,
Lightspeed
The speed of light in vacuum, commonly denoted , is a universal physical constant that is important in many areas of physics. The speed of light is exactly equal to ). According to the special theory of relativity, is the upper limit fo ...
announced it has entered into a definitive agreement to acquire ShopKeep Inc for $440 million. On 25 November 2020, Lightspeed announced closing the acquisition of ShopKeep.
See also
*
Point of sale display
*
Tech companies in the New York metropolitan area
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* An abbreviation of technology or technician
*Tech Dinghy, an American sailing dinghy developed at MIT
*Tech (mascot), the mascot of Louisiana Tech University, U.S.
* Tech (river), in southern France
* "Tech" (''S ...
*
EMV
EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV stands for " Europay, Mastercard, and Visa", the three companies that created th ...
*
Cyber security standards
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*
List of cyber attack threat trends
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*
Malware
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References
{{DEFAULTSORT:ShopKeep POS
Business software
Retail point of sale systems
Point of sale companies
Software companies based in New York (state)
Cloud computing providers
Defunct software companies of the United States
2020 mergers and acquisitions