MINDBODY Named on Deloitte’s Fast 500 List
Press release: SAN LUIS OBISPO, CALI. – MINDBODY, the largest global provider of web and mobile management solutions to the wellness and beauty industry, has been recognized for the fourth consecutive year by Deloitte’s Technology Fast 500™. Ranked at 228, MINDBODY experienced 437% revenue growth between 2008 and 2012.
The Fast 500™ recognizes the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. MINDBODY CEO and co- founder, Rick Stollmeyer, attributes MINDBODY’s continued revenue growth to the nature of its web and mobile products – which are constantly evolving and expanding in new directions.
“To be recognized for our successful growth for the fourth consecutive time is an honor,” said Stollmeyer. “Along with further advancing our core management software for business owners, we’ve recently expanded our product line to include wellness solutions for employers and consumers, which will contribute to continued growth across a broader network. We’re incredibly excited to continue to leverage technology in new ways to promote health and wellness around the world.”
MINDBODY’s online business management software helps local businesses manage all aspects of their operations within a single system, from web scheduling and staff management, to point of sale and payment processing, to automated marketing and eCommerce. The company’s platform is accessible at all times to both business owners and their clients via web and mobile apps. The company recently launched a customizable corporate wellness program called MINDBODY Exchange, which comprises the largest directory of Integrative healthcare practitioners, as well as a large-scale consumer booking app called MINDBODY Connect, which links the public with the world’s largest wellness network.
MINDBODY has led the health and wellness industry in software development since its founding. Over 500,000 practitioners at over 30,000 locations in 90 countries use MINDBODY and thousands of new locations are adopting the software each month, making it the fastest growing SaaS provider in the health, fitness, and beauty industry. In addition to its web and mobile solutions, the company offers a holistic, corporate wellness solution for employers called MINDBODY Exchange, and a global consumer booking app called MINDBODY Connect. MINDBODY has been listed on the Inc. 500/5000 list as one of the fastest growing companies in the U.S. for the past six consecutive years. www.mindbodyonline.com
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America. www.deloitte.com/us/fast5.