Takeaways from the Acquisition of Mindbody
Mindbody shareholders got an early Christmas present on Dec. 24, when Vista Equity Partners agreed to buy them for $1.9B. As a devoted yogi, I have been a fan of Mindbody for years. While it was a relatively small public company, it still offers many lessons that other SMB-focused companies can learn from.
Takeaway #1: Good things take time
Founded in 2001, Mindbody develops business management software for yoga and Pilates studios, fitness facilities, spas, salons and other retail clients. While it spans several verticals, it is best known for its omnipresence in yoga studios.Read more