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LightSpeed Expands Executive Management Team

Point of Sale Industry Pioneer Kevin Falk Named Chief Technology Officer

MONTREAL--(BUSINESS WIRE)--LightSpeed, a leading software company revolutionizing the in-store shopping experience, today announced that it is expanding its executive management team and has appointed co-founder and former Chief Technology Officer of Vivonet, Inc., Kevin Falk, as Chief Technology Officer. Mr. Falk will be responsible for overseeing LightSpeed’s technology roadmap and building a world-class team of developers, as the company fuses innovation, technology, and design to produce the most compelling retail business solution on any platform.

“I am excited to join the company and look forward to leveraging my background in both enterprise management and Cloud-based systems to continue to expand the Company’s unique product offering.”

An accomplished software innovator and entrepreneur, Mr. Falk joins LightSpeed with 20-years of expertise in developing successful point of sale (POS) and enterprise management solutions. While building Vivonet into one of the fastest growing technology companies in North America, Mr. Falk designed and created Halo, the first web-based POS for the restaurant industry. He was also responsible for creating Zata, a sales intelligence platform and benchmarking tool for the retail and hospitality industries. Mr. Falk previously served as co-founder, Chief Technology Officer and Chief Operating Officer of Autoprise, Inc., a software and services company providing internet-based collision shop management systems, which he sold to a US based mid-cap publicly traded company in 2006. Recognized for excellence in entrepreneurship, Mr. Falk was named to the Vancouver “Top 40 Under 40” list in 2007.

“Kevin is a strong and proven industry talent, with the expertise and leadership skills required to oversee the future growth of LightSpeed’s technology platform,” said Dax Dasilva, founder and CEO of LightSpeed. “Further, Kevin’s track record in product strategy, development and innovation will be instrumental as we continue to build the next generation of retail tools to enable our clients to deliver the ultimate customer engagement.”

“I have long admired LightSpeed and its world-class retail technology solutions,” said Mr. Falk. “I am excited to join the company and look forward to leveraging my background in both enterprise management and Cloud-based systems to continue to expand the Company’s unique product offering.”

About LightSpeed:

Backed by Accel Partners and iNovia Capital, LightSpeed® is committed to its mission of fusing innovation, technology, and design to produce the most compelling retail business solution on any platform. Led by founder and CEO Dax Dasilva, LightSpeed was designed to help retailers attain their business aspirations. Founded in 2005 and based in Montreal, Ottawa, New York City, and Olympia, WA, LightSpeed specializes in building next-generation retail software systems that offer business owners powerful, intuitive retail tools. For more information, please visit LightSpeed’s website at www.lightspeedretail.com.

Contacts

Berns Communications Group
Stacy Berns, 212-994-4660
sberns@bcg-pr.com
or
Michael McMullan, 212-994-4660
mmcmullan@bcg-pr.com