![]() You agree that any information you receive from the Company related to the Company’s operations, plans, customers, methods, business, finances, procedures, and other information that would reasonably be considered confidential shall be considered Confidential Information and that you will not disclose any Confidential Information to third parties during the term of this Agreement and for a period of five years after its expiration. Furthermore, the Company is free to use any ideas, concepts, know-how, or techniques contained in any communication you send to the Company for any purpose whatsoever, including, but not limited to, developing, manufacturing, and marketing products using such information or ideas, without compensation or any other obligations to anyone, including you. The Company shall have no obligation of any kind with respect to such Received Materials and the Company will be free to reproduce, use, disclose, exhibit, display, transform, edit, abridge, create derivative works from, and/or distribute the Received Materials without limitation or restriction. Any comments, materials, or letters sent by you to the Company, including, without limitation, questions, comments, suggestions, criticisms, or the like (“Received Materials”), may be deemed by the Company to be non-confidential and free of any claims of proprietary or personal rights. You agree that all agreements, notices, disclosures, and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing. We will communicate with you by email or by posting notices on the Website. You consent to receive communications from us electronically. When you visit the Website or send emails to us, you are communicating with us electronically. This Agreement shall apply for an indefinite term and may be terminated by either party by providing thirty days’ notice to the other party. The Terms may be revised from time to time without notice, and the then-current version of the Terms will apply to any transaction or action or omission by you or the Company. If you are accessing the Website on behalf of a company or other entity, you represent and warrant that you are authorized to bind such entity to the provisions hereof. They create legally binding obligations, and you should review them carefully before accessing the Website or using any of the Services. The terms govern your contractual relationship with the Company, including, but not limited to, your use of the Company’s website, (the “Website”), as well as your use of the Services (defined below). The acquisition cements Lightspeed’s presence in the European market, while opening the market to more cloud-based services that can help European businesses modernise.Digital Arbitrage, Inc., which owns and operates (the “Company”) and you enter into this agreement subject to the following Terms and Conditions (“Terms”). The Canadian company will also issue nearly 1.5 million subordinate voting shares, at $28.16 per share, subject to post-closing working capital adjustment. According to Clipperton, which was the sole financial advisor of the sale, Lightspeed will buy all of the outstanding shares of Gastrofix for a base purchase price of about $61 million in cash on closing. The Canadian software giant, founded back in 2005, held its IPO last March. ![]() ![]() Lightspeed is a global POS provider in the same market, serving 57,000 small and medium-sized retail and restaurant locations in over 100 countries. The business has accumulated 8,000 customers around Europe, which will now go to Lightspeed. Investors include Endeit Capital, Radeberger Group, Entrée Capital, and Mujinzo Labs. Founded in 2012, the German startup has raised over € 23 million, most recently a € 15 million Series B in 2017. Gastrofix is a cloud-based point-of-sale (POS) software in the hospitality sector. Gastrofix, the Berlin-based POS software, has been sold to Lightspeed POS for over $60 million. ![]()
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