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Software company: Mindbody, Inc. (MB), a developer of fitness software (1998)

Mindbody, Inc. (NASDAQ: MB) was founded in 1998 and is headquartered in San Luis Obispo, California, USA. It has 1454 full-time employees and is a fitness software developer. The company’s slogan is: Use technology to improve the health of the world.

MINDBODY logo

Mindbody(MB):

Update: On December 24, 2018, Mindbody reached an agreement with Vista Equity Partners, a San Francisco private equity firm, agreeing to be acquired by the latter for $1.9 billion.

MINDBODY, Inc. mainly provides cloud enterprise management software and payment platforms for small and medium-sized enterprises in health services. Its business scope is mainly located in San Luis Obispo, California, New York, London, England, and Sydney, Australia.

The MINDBODY company platform enables companies to manage courses and schedule appointments, including staff, customer information, online appointments, inventory, payroll, and retail yoga, Pilates, ballet, indoor bicycles, personnel training, martial arts, and dance Other courses, as well as services such as spa, salon, music teaching room, dance studio, children’s activity center, and comprehensive medical center, are provided by appointment.

MINDBODY also connects consumers through its MINDBODY connection platform. Consumers can use the platform’s mobile interface to disclose, evaluate, book and pay for health services.

Mindbody is the world’s leading online health market, providing various health services to 42,000 companies and more than 250,000 practitioners and 24 million end users in 124 countries and regions. The cloud-based integrated platform developed by Mindbody for the fitness industry helps companies simplify company management processes and help companies and customers better complete payments on the platform, thereby attracting and driving more consumer consumption, and increasing the income of practitioners and companies , Let them focus more on what they should do-improve people’s health & quality of life.

In addition, Mindbody’s cloud computing platform can help consumers simply and accurately assess their own health conditions, as well as communication and interaction between platform users, so that they can live healthier and happier lives.

Mindbody is the largest payment platform in the fitness industry. In the first 12 months ending March 31, 2015, the overall market size of the US fitness industry was approximately US$6.3 billion, of which more than US$4.3 billion was conducted through Mindbody’s platform. According to data from market research firm Frost & Sullivan, by 2018, the market size of business management software for the fitness industry will reach $15.3 billion. This IPO is bound to strengthen Mindbody’s position in the industry.

On December 24, 2018, Mindbody reached an agreement with Vista Equity Partners, a San Francisco private equity firm, agreeing to be acquired by the latter for $1.9 billion, and the company’s stock price rose 63%.

Mindbody (MB) investment:

MindBody submitted an IPO application to the SEC on 5/11/2015, and landed on Nasdaq on June 19, 2015. The issue price was US$14, 7.15 million shares were issued, and US$100 million was raised. Morgan Stanley , Credit Suisse and Swiss Bank Investment Bank is the underwriter of Mindbody’s IPO. Mindbody has received more than 100 million U.S. dollars of investment in past financing. Investors include W Capital Partners, Bessemer Venture Partners, Catalyst Investors and Institutional Venture Partners.

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