Encinitas-based Ecwid to be acquired by Lightspeed

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.