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Lightspeed Retail Achieves 'Built for NetSuite' Status

1. Lightspeed's Retail SuiteApp achieves 'Built for NetSuite' status, enhancing credibility. 2. The SuiteApp simplifies operations, improving efficiency for retailers using NetSuite. 3. Integration improves data sync across inventory, transactions, and customer history. 4. NetSuite's program boosts consumer confidence in Lightspeed's application quality. 5. Lightspeed aims to enhance omnichannel customer experiences through improved backend systems.

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FAQ

Why Bullish?

The SuiteApp's status enhances Lightspeed's market position, similar to other software integrations boosting stocks. Strong partnerships increase customer trust and potential revenue growth.

How important is it?

The SuiteApp's success directly ties to LSPD's operational efficiency, essential for attracting new clientele.

Why Long Term?

The structural improvements in retail operations will likely lead to sustained growth, boosting LSPD’s long-term performance outlook.

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ORCLSHOPADBE
New SuiteApp for retail point of sale meets Oracle NetSuite SuiteCloud Platform development standards and best practices , /PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced that its Lightspeed Retail SuiteApp has achieved the 'Built for NetSuite' status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations further simplify operations and improve business efficiency. "The Lightspeed Retail SuiteApp helps users focus on running their business without worrying about cumbersome backend processes," said JD Saint-Martin, president, Lightspeed Commerce. "Building upon NetSuite's integrated business system, Lightspeed helps retailers further simplify operations, save time, and reduce costs. Ultimately, this allows retailers to focus more on what matters most – their customers." The SuiteApp enables retailers to integrate and automate data flows between NetSuite and Lightspeed Retail POS to improve data sync across products, inventory, and customer history; simplify transaction reporting; optimize inventory; and centralize multi-location data visibility. "Retail operations are complex, and integrated data is important to help deliver consistent customer experiences across all channels," said Scott Derksen, vice president, Partnerships and Business Development, Oracle NetSuite. "This new SuiteApp extends our robust solution for omnichannel commerce and helps NetSuite customers further integrate their business operations and POS systems." Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help partners verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Lightspeed Retail, have been built to meet these standards. For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about the Lightspeed Retail SuiteApp, please visit www.suiteapp.com. About SuiteCloudOracle NetSuite's SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading cloud-based financials / ERP software suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built to extend the power of NetSuite. The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) that build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit https://www.netsuite.com/portal/developers/overview.shtml 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 omnichannel 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. Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X. 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"), including information regarding Lightspeed's product offerings and planned product roadmap. 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.com 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. TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. SOURCE Lightspeed Commerce Inc. 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