Mindbody Recognized as One of the Fastest Growing Companies in North America
San Luis Obispo, CA – November 14, 2012 – Mindbody, the largest global provider of online business management software to the beauty, health and wellness industry, has been recognized for the third consecutive year by Deloitte’s Technology Fast 500™. Ranked 189th, Mindbody experienced 471% revenue growth between 2007 and 2011.
The Fast 500™ recognizes the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Mindbody CEO and cofounder Rick Stollmeyer credits the comprehensive nature of Mindbody’s software as well as the company’s unparalleled customer service with its continued revenue growth.
“To remain eligible for the Fast 500™ is just amazing, and I’m happy to say that our growth is far from over,” said Stollmeyer. “We’re entering an exciting phase, one that promises continued advancements in our software and new opportunities for our clients to make this world a healthier place by connecting them with more people in their local communities.”
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.
Mindbody delivers innovative business management software to 21,000 businesses in the health, wellness and beauty industries in 80 countries, including fitness, yoga, Pilates, dance, salon, spa, and martial arts businesses. These businesses process over 12 million class and appointment bookings per month through their Mindbody software system. Nearly 4 million of those sessions are booked online directly by consumers via websites, mobile devices, and Facebook pages. Each month, 3 million additional searches are performed via Mindbody’s Finder System by consumers looking for health and wellness services on consumer web portals and mobile devices.
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 2007 to 2011. 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/fast500/