Chronogolf acquired by Lightspeed POS Inc.

Lightspeed POS Inc., a public point-of-sale software company, acquired Chronogolf, it announced on May 31. Chronogolf sells similar cloud-based software for the golf course industry, and both companies are based in Montreal

Chronogolf was already an existing Lightspeed partner, incorporating Lightspeed technology into its own products. With the acquisition, the two platforms will be more closely aligned — with Lightspeed’s customer-loyalty feature and payment collection feature integrated with Chronogolf’s line.

Now known as Chronogolf by Lightspeed, the company’s line of business software for golf courses includes a point of sales system, sales and inventory tracking, and a cloud-based POS for food and beverage.

Lightspeed POS primarily serves small and medium-sized retail outlets and restaurants. It was founded in 2005 and was one of Canada’s fastest-growing companies in its first five years. It acquired a restaurant POS software company in 2014, and launched its payment processing feature the same year. It has made additional acquisitions since then, and went public in March on the Toronto Stock Exchange. It has more than 700 employees and customers in 100 countries.

Chronogolf was founded in 2012 and has steadily grown to 594 golf courses that use its software.

 

Add new comment

If you enjoyed this article and would like to sign up for a FREE digital subscription, click here!