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Canadian Tech in 100 Words

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Shift4 Payments Set to Acquire Toronto’s Givex for $200M in All-Cash Transaction

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Givex is being acquired by Shift4 Payments. Shift4 has agreed to acquire all issued and outstanding shares of Givex in an all-cash deal. Shareholders of Givex will receive $1.50 in cash per share, implying an aggregate equity value for the fintech of approximately $200 million.

“The Givex Team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers,” stated CEO Don Gray. “By combining Shift4’s end-to-end payment solution with our value-added engagement services, we can deliver an unparalleled package to both of our customer bases.”

Want to know more? Check out the source code on Fintech.ca.

Latest Launch from Lightspeed Commerce Empowers Retailers with Data-Driven Insight

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Lightspeed Commerce has launched Retail Insights, a tool designed to enhance sales and inventory management for retailers. Retail Insights provides data-driven analytics, the Montreal tech firm says, helping merchants forecast demand, reduce missed sales, and create purchase orders efficiently.

“Retail is transforming at a rapid pace, and retailers need the most advanced insights to be able to keep up with the demand,” stated Dax Dasilva, CEO of Lightspeed. “Through Retail Insights, our customers will be able to clearly view product insights, sales, inventory reports, and generate quick purchase orders to streamline their business operations, allowing them to plan ahead for increased sales opportunities.”

Want to know more? Check out the source code here.