Lightspeed named one of Canada's Enterprise?Industry leaders winners in Deloitte's Technology Fast 50tm program

MONTREAL, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Today Lightspeed Commerce Inc. (NYSE | TSX: LSPD) is honoured as an Enterprise?Industry leaders award winner as part of the 2023 Deloitte Technology Fast 50tm program. The company was ranked 8th on the list ? up from its 12th spot ranking in 2022. Powering the world's best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space.

Celebrating its 26th anniversary, the award recognizes fastest-growing enterprise-level technology, media, and telecommunications companies by revenue-growth percentage over their last four years of operation. This leadership category is open to companies that recorded a minimum revenue of $10 million in 2019 and $50 million in 2022.

"Lightspeed's mission to build communities through commerce has never been more vital," said JP Chauvet, Lightspeed's CEO. "This mission is at the core of everything we do: empower restaurateurs and retailers with the tools that simplify how they operate, so they can focus on their customers. It is a privilege to help these entrepreneurs accelerate growth, provide the best customer experience and become a go-to destination in their space."

"This year's Enterprise?Industry leaders winners represent a high level of excellence and success as members of Canada's elite in the technology sector," stated Anders McKenzie, partner and national leader for the Technology Fast 50tm program at Deloitte Canada. "With their bold vision for the future, impactful technologies, competitive drive, and passion for pushing the boundaries, these winners catapult Canadian innovation forward nationally and on the global stage. No doubt their successes are a source of pride and inspiration for all tech entrepreneurs."

About the Deloitte Technology Fast 50tm program
The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise?Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.

About Lightspeed
Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

For more information, see www.lightspeedhq.com.

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Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under "Risk Factors" in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR at www.sedarplus.ca and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information: Media Contacts: Canada: Victoria Baker, NKPR - [email protected]; USA: Jennifer Fugel, Newsmaker Group- [email protected]; Lightspeed Media Relations - [email protected]; Investor Relations: Gus Papageorgiou, Lightspeed Investor Relations - [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f353ca8c-55d4-42d7-8fa8-79bd7369cf9c