Lightspeed Golf Joins Forces with Golf Canada in Multi-Year Agreement
Canadian golf industry continues to modernize with platform integration of Lightspeed Golf and the Golf Canada Score Centre
MONTREAL, Dec. 14, 2021 /CNW Telbec/ - The golf industry in North America is growing in new and exciting ways. Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced a multi-year agreement with Golf Canada, the National Sport Federation representing more than 271,000 golfers and 1,400 member clubs across the country, allowing both participating golf courses and golfers to share certified Golf Canada handicap data across both platforms.
Lightspeed Golf empowers courses to manage an entire facility from a single platform, synthesizing systems for daily operations, tee sheets, on-site hospitality and retail, and online booking. The integration of Lightspeed Golf's commerce platform with the Golf Canada Score Centre will provide a solution for more Canadian golfers to maintain an Official Handicap Index, leveling the playing field for participants across Canada.
"We are both excited and honoured to be partnering with such a revered Canadian organization," said Lightspeed Golf GM David Hope. "This platform integration will streamline operations for golfers and course operators alike, enabling improved handicap integrity and reporting. We look forward to working with Golf Canada to grow the game through educational content and putting intuitive technology in the hands of both golfers and golf course operators."
The platform integration will help more golfers track their scoring history and demonstrated ability on the golf course, allowing both golfers and course operators to see handicap data when booking tee times and navigating tee sheets.
"Golf Canada is extremely pleased to be aligning our Score Centre with Lightspeed Golf," said Golf Canada Director of Membership Ryan Logan. "This platform integration will open up new opportunities to grow our membership-base across Canada and will further support our member clubs in providing a more streamlined and enhanced golfing experience."
Golf in Canada continues to show growth and resilience through the past two seasons impacted by the pandemic. In 2021, a record 9.3M scores were posted to the Golf Canada Score Centre, a 19% increase from 2020 and 27.5% increase over 2019, and Lightspeed Golf customers reported a 23% increase in rounds played from 2019 to 2020. Lightspeed Golf customers are growing and modernizing their businesses, attracting younger patrons and more diverse golfers, and re-thinking their business models to diversify their revenue streams.
"Golf is booming right now, but even before that our rounds were continuously up every single year over the past five years," said Lightspeed Golf customer Jenifer Wright, GM of Westwood Plateau Golf. "We're making changes to get new people into golf and we've been really impressed with every integration Lightspeed has come out with. We can't wait to see how this platform integration with Golf Canada will benefit our course and players."
To learn more visit Lightspeed Golf online.
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 (NYSE: LSPD) and Toronto Stock Exchange (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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Media Contacts:
Victoria Baker
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Cydoney Curran
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Lightspeed Media Relations
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About Golf Canada
Golf Canada is the National Sports Federation and governing body for golf in Canada representing more than 270,000 golfers and 1,400 member clubs across the country. A proud member of the Canadian Olympic Committee, Golf Canada's mission is to increase Canadian participation and excellence in golf. For more information about what Golf Canada is doing to support golf in your community, visit www.golfcanada.ca.
Media Contact:
Golf Canada – Dan Pino | Senior Director, Communications | 416-434-5525 [email protected]
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 profile on SEDAR at www.sedar.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.
SOURCE Lightspeed Commerce Inc.
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