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At a glance: POS vendor comparison. The account-based marketing firm 6sense tracks 208 POS systems. Square has the largest market share (28.83%), with Toast (25.98%) following closely behind.
Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
ShopKeep by Lightspeed is a cloud-based iPad point of sale (POS) system headquartered in New York, NY. Founded in 2008, its POS system is used by more than 23,000 small businesses [1] in the United States and Canada, most of which are retail shops, coffee shops, restaurants, and bars. The system allows merchants to ring up sales, print or email ...
In 2016 Vend grew its UK staff to 20 and opened a new office in East London. [9] In 2017, Vend renamed its inventory app Counter to Scanner by Vend. [10] On 12 March 2021, Vend was sold to Lightspeed POS Inc. for 335 million (355.000.000) USD (455 million (455.000.000) NZD). [11] The company had approximately 150 staff at this time. [12]
On March 12, 2021, New Zealand cloud-based retail software company Vend was bought by Lightspeed for US$350 million. [31] In fiscal 2022, the company generated revenue of US$548 million with US$3.62 billion in total assets [4]: 5–6 and had about 3,000 employees. [32] In January 2023, the company laid off close to 300 employees. [33]
Unlike traditional point-of-sale setups, virtual POS systems eliminate the need for dedicated hardware, relying instead on software and internet connectivity. These systems are widely used across industries, from small businesses to global retailers, to streamline transactions and integrate with broader business operations with broader business operations.
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