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Huge congrats to Encinitas-based e-commerce startup Ecwid for getting acquired by Lightspeed for $500 million. This acquisition is part of a consolidation in the rather fragmented e-commerce industry.
Ecwid was acquired alongside NuOrder, a B2B ordering platform servicing wholesales, brands, and retailers. These two acquisitions make Lightspeed “the common thread uniting merchants, suppliers and consumers.” Read the full story here.