Lightspeed Commerce Sells Upserve U.S. Hospitality Unit for up to $81M
Lightspeed Commerce has sold its non-core Upserve U.S. hospitality product line to Skyview Equity in a deal valued at up to $81 million, with immediate cash and performance-based earn-outs over 24 months. The company expects the divestiture to reduce fiscal 2026 revenue by about $140 million but has raised its adjusted EBITDA outlook for fiscal 2027.
Tickers: $LSPD
Topics: balance sheet improvement divestiture EBITDA outlook