LONDON, October 27, 2015 /PRNewswire/ --

Lightspeed Retail to launch in UK, as company targets 40 per cent of revenue in Europe and expands London office 

Today, Lightspeed POS, the commerce platform for serious retailers and restaurateurs, announced the UK launch of Lightspeed Retail, the world's most powerful cloud POS system for independent retailers.

Lightspeed POS is used by more than 26,000 businesses around the world, and processes a staggering £7 billion in transactions annually. Starting immediately, Lightspeed Retail will be available in the UK to a limited number of customers. The point of sale combines the power of inventory management, customer relationship management, and insightful analytics, with an engaging mobile sales application that enables retailers to sell anywhere, anytime, and on any platform.

Jean-Paul Chauvet, Chief Revenue Officer at Lightspeed, explained: "Independent shops are driving a sea change in the UK's retail technology space. Unencumbered by legacy enterprise software, they are free to embrace cloud technology and offer an entirely new sales experience to their customers - one that transcends channel or location."

"With Lightspeed Retail you have a single view of your customer and inventory, and it is accessible anywhere, anytime."

The company has set the ambitious aim to sign up thousands of retail businesses in the UK over the next year, and intends to triple its London presence to manage this growth and provide 24/7 technical support to customers.

 "Our sights are set on global expansion, particularly Europe," said Jean-Paul Chauvet. "Since the start of the year, we have grown 745 per cent year on year in Europe, and we're targeting even greater growth in the region this year, with the UK being a key market for us."

"UK independent retail is thriving, and at the same time new payment technologies from contactless to mobile are exploding. Add to that a nation of tech-savvy customers and retailers alike, and the opportunity is ripe for disrupting the old rules of retail across the UK."

Notes for Editors: 

Lightspeed video and imagery downloadable from https://drive.google.com/drive/u/0/folders/0B5xePROzdViRWExEWXkyQUJPNlU

SOURCE Lightspeed POS