Mindbody to Acquire Booker Software, for $150M

Funding Rounds

▤ Summary

Mindbody, Inc. (NASDAQ: MB), a San Luis Obispo, CA-based technology platform for the wellness services industry, is to acquire Booker Software, a cloud-based business management platform for salons and spas, and the provider of Frederick, an automated marketing software for wellness businesses, for approximately $150m.Led by Rick Stollmeyer, CEO and co-founder, Mindbody provides a technology platform for the wellness services industry.Local wellness entrepreneurs worldwide use its integrated software and payments platform to run, market and build their businesses while consumers use it to find, engage and transact with wellness providers in their local communities.Founded in 2010 and led by CEO Josh McCarter, Booker provides a technology platform for running salons and spas.With offices in New York City and Scottsdale, Arizona, Booker serves more than 130,000 professionals at over 11,100 locations and its platform processed over $1.4 billion in payments volume in 2017.

$ Funding

$
Amount $150.0M Total raised
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Date April 2, 2018 Announcement date
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Investors Booker Software Lead investors
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Company - Funded company

▥ Classifications

industries
Retail
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Business Management Software Fitness Software

▦ Linked Companies

Mindbody
$100M to $250M