By joining forces, ClassPass CEO Fritz Lanman said in a statement that both it and Mindbody will create a more "seamless" experience for its users and "unlock new . Lanman will serve as president of ClassPass and Mindbody's Marketplace unit after the acquisition. Mindbody is acquiring ClassPass, the companies announced today. Investor info: Mindbody was taken private by Vista Equity Partners in 2019 for $1.9 billion. In addition, the acquisition will create a one-stop-shop for both business owners and consumers. Mindbody CEO Josh McCarter said the acquisition is well-timed, given the emergence from the pandemic. The terms of that deal were not disclosed, but Mindbody did say it was the largest acquisition in the company's history, and ClassPass had been valued at around $1 billion in its last venture . The past couple of days have been a rollercoaster at Mindbody/Classpass in the wake of the announcement of a Reduction in Force. [13] In September 2016, Mindbody acquired HealCode, a technology company that designed web tools for the fitness and wellness industry. Josh McCarter joined Mindbody as chief strategy officer in 2018, following the company's acquisition of B2B business management platform Booker, of which he was co-founder and CEO. Launched in 2013 by Payal Kadakia to compete with the traditional gym membership model, ClassPass is a subscription-based service that matches subscribers with boutique fitness, spa and beauty experiences. If you've ever signed up for a yoga or meditation class, chances are you used Mindbody. Meet the people at ClassPass that are making our mission come to life. On October 13, 2021, MindBody acquired consumer services company ClassPass from Apax, L Catterton Partners and Temasek Holdings. Mindbody Completes Acquisition of ClassPass - Investors Hub Mindbody serves wellness professionals around the wor Blog Post Check out the Mindbody team page here. Classpass Sign In will sometimes glitch and take you a long time to try different solutions. Gap Inc. brand Athleta announces partnerships with ThredUp, Simon to increase. Behind the deal: How a Scottsdale connection proved key for Mindbody's Join to connect Mindbody. Mindbody, a digital wellness technology platform, announced it has entered into a definitive agreement to acquire ClassPass, a monthly subscription service app-based unlimited access to fitness and wellness classes across multiple gyms and studios. The acquisition follows research conducted by both companies that found consumers are getting back to in-person fitness as studios reopen after the onset of the Covid-19 pandemic. Oct 15, 2021, 11:00 ET SAN LUIS OBISPO, Calif., Oct. 15, 2021 /PRNewswire/ -- Mindbody, the leading wellness experience technology platform, today announced it has completed the acquisition of. The firm plans to acquire MINDBODY at a value of $1.9 billion, the company said in December. The move has been compared to Facebook's acquisition of Instagram ClassPass and. Mindbody's 20 years of product innovation, research, and thought leadership fueled the boom of the boutique wellness revolution and continue to foster the growth of the global wellness industry. On Mindbody, Classpass and the battle to become the Uber of fitness ClassPass is revolutionizing the fitness and wellness industry by bringing together the world's best classes and experiences into one app. Lanman is currently the president of Mindbody's ClassPass business unit and was CEO of ClassPass before it was acquired by Mindbody in October. ClassPass and Mindbody Join Forces in a Bet on the Return of In-Person ClassPass FAQ - support.mindbody.io The Senior Manager, Regional Sales will lead a high-impact, sales- focused and consultative team of Team Leads and/or Managers focused on Small and Medium Business (SMB) sales, potentially leading team members across North America. Mindbody Completes Acquisition of ClassPass. The acquisition - an all-stock deal at a non-disclosed price - will integrate both teams, with ClassPass continuing to operate its app and website. The company went public in 2015, Bloomberg reported. Missoula's ClassPass acquired by Mindbody - Missoula Current Mindbody acquires ClassPass in all-stock deal and secures - TechCrunch Talent Acquisition at ClassPass + Mindbody Columbus, Ohio, United States. In addition to the acquisition, Mindbody has also secured a US$500m investment from a group led by global investment firm Sixth Street. Mindbody is an Equal Opportunity Employer. MINDBODY, Inc. Senior Manager, SMB Sales - ClassPass Job in Remote Mindbody's acquisition of ClassPass follows research and data from both companies that showed consumers are getting back to in-person wellness experiences as studios reopen. Mindbody's acquisition of ClassPass is a major step forward in our commitment to equip you with the tools you need to come back stronger than ever. You can now see your ClassPass activity straight from your Mindbody Client Acquisition dashboard. SAN LUIS OBISPO, Calif., October 15, 2021- Mindbody, the leading wellness experience technology platform, today announced it has completed the acquisition of ClassPass, a monthly subscription service providing access to the world's most extensive network of fitness and wellness experiences. ClassPass raised nearly $600 million in VC funding, most recently at a $1 billion valuation in early 2020, from firms like Apax Digital, L Catterton and General Catalyst. The ClassPass deal McCarter said that Mindbody had been in talks with New York-based ClassPass off and on for years about an acquisition, most recently in early 2020 following ClassPass's $285 . Elissa Hunjan - Manager, Recruiting (UK and AU) MINDBODY and Classpass Mindbody Acquires ClassPass for Undisclosed Amount Mindbody, headquartered in San Luis Obispo, CA, said it has entered into an agreement to acquire ClassPass, the fitness membership subscription service. Mindbody Raises $500M, Acquires ClassPass - Localogy Mindbody to buy billion-dollar fitness company, fueling talk of new IPO [14] Alongside the acquisition, Mindbody announced that it received a $500 million strategic investment for the newly merged entity, led by global investment firm Sixth Street. The Ohio State University Fisher College of Business . Leading Wellness Experience Platform Mindbody to Acquire ClassPass Mindbody Announces Executive Leadership Changes | Wellspa 360 Lanman was serving as the. Our team of diverse backgrounds, perspectives and talents is truly what allows us to be great. ClassPass is looking for an idea-driven content creator with a passion for making great work. Development and implementation of business strategies. Oct 26, 2021 Earlier this month Mindbody acquired ClassPass in a rollup of two of the wellness industry's biggest tech players. Mindbody's acquisition of ClassPass is a bet on in-person fitness LoginAsk is here to help you access Classpass Sign In quickly and handle each specific case you encounter. Payal Kadakia's ClassPass Acquired By Wellness Giant Mindbody - Forbes Mindbody Completes Acquisition of ClassPass - PR Newswire Customer Story Unite x Mindbody and ClassPass: Train Like an Athlete When it comes to HIIT-focused training, Unite essentially stands alone in Golden, making it a unique experience for each member. But just as it is today, the decision to use ClassPass will always remain entirely up to you. Mindbody Completes Acquisition of ClassPass | News | wfmz.com The terms of the deal . . Lanman will continue to lead ClassPass under its own brand within Mindbody. Mindbody buys workout sign-up platform ClassPass in all-stock deal - CNBC In this role, you will support paid social marketing channels globally (US/CA, EMEA, APAC & LatAm), web and app and should have experience working recently, in this fast moving App space. Locate the Client Acquisition on the dashboard If you're using our classic Mindbody software, go to your Home tab, select Dashboard from the submenu, choose Client Acquisition on the left side of the page. The acquisition will be an all-stock deal at a non-disclosed price and will integrate both teamswith ClassPass continuing to operate its app and website. ClassPass was valued at around $1 billion in a recent funding round. Mindbody. Client Acquisition dashboard - Mindbody Fitt Insider: 158. Fritz Lanman, CEO of Mindbody on Apple Podcasts The acquisition will be an all-stock deal at a non-disclosed price and will integrate both businesses. In conjunction with the acquisition, Mindbody has secured a strategic investment of $500 million from a group led by Sixth . ClassPass - Frustrating | Glassdoor Things to know Software firm Mindbody cuts staff | LinkedIn "This has been a decade in the making," Kadakia said in a conversation with Forbes Executive Vice President Moira Forbes immediately following the acquisition . Ann Lee - Associate Recruiter - Mindbody | LinkedIn Sep 2019 - Present3 years 2 months. This is MindBody's 1st transaction in the Consumer Services sector. Mindbody Announces Acquisition of ClassPass and $500M Investment Mindbody most known for their SaaS platform has acquired ClassPass. Main Technology News Today. SAN LUIS OBISPO, Calif., Oct. 15, 2021 /PRNewswire/ -- Mindbody, the leading wellness experience technology platform, today announced it has completed the acquisition of ClassPass, a monthly . #158: Fritz Lanman, CEO of Mindbody | Fitt Insider Mindbody acquires ClassPass in all-stock deal and secures $500 - Yahoo! ClassPass is an alternative to a fitness membership that gives people the option of reserving individual studio classes and gym sessions from boutique operators. Mindbody CEO Josh McCarter joins Yahoo Finance Live to discuss the company's acquisition of ClassPass. Additionally, several markets that have fully reopened are seeing bookings on . You recognize the power social content has in communicating a larger story and engaging our community. The acquisition is looking to transform wellness appointment bookings. Leading Wellness Experience Platform Mindbody to Acquire ClassPass; Announces $500 Million Strategic Investment Planned acquisition supports Mindbody's commitment to driving growth for. ClassPass | Team Apr 2022 - Present7 months. Report: ClassPass, MindBody Eye Merger, IPO | PYMNTS.com In this episode, Fritz talks about his time leading ClassPass, the acquisition by Mindbody, and his transition to the joint company's chief executive role. Mindbody Announces Acquisition Of ClassPass Plus $500M - Welltodo Mindbody Content Creator - ClassPass (Part-time, fixed term) in San About the role. Nice and hardworking coworkers, benefits at the time were good ClassPass gets acquired by Mindbodybut doesn't rule out IPO BY Felicia Hou October 13, 2021, 4:05 PM UTC Back in January 2020, New York City-based fitness startup ClassPass hit a big. Today I'm joined by Fritz Lanman, CEO of Mindbody. At the time of the acquisition the company was creating customizable applications for iOS and Android platforms. Mindbody, which provides cloud software to gyms, yoga studios and other fitness businesses, was publicly traded from 2015 to 2019, when it was acquired by Vista Equity Partners for $1.9 billion. Mobile Marketing Manager- ClassPass | Mindbody The acquisition will be an all-stock deal at a non-disclosed price and will integrate both teamswith ClassPass continuing to operate its app and website. "This acquisition comes at a pivotal time for the wellness industry as it continues to rebound from COVID-19 related closures - and local and . . Mindbody buys ClassPass | @FitTechGlobal The company was the target of $1.9 billion leveraged buyout from Vista, which closed in February 2019. Kadakia, once the face of ClassPass, will no longer be actively involved. Leading Wellness Experience Platform Mindbody to Acquire ClassPass Leading Wellness Experience Platform Mindbody to Acquire ClassPass Leading Wellness Experience Platform Mindbody to Acquire ClassPass; Announces $500 Million Strategic Investment 13th October 2021 Planned acquisition supports Mindbody's commitment to driving growth for wellness businesses, while offering consumers the world's largest fitness and wellness experience marketplace Why I believe this matters in the mindbody discussion is because classpass, who has been around for only 2 years, is currently valued in the private markets at $400 million, on reported revenue of $60 Million. ClassPass raised nearly $600 million in VC funding, most recently at a $1 billion valuation in early 2020, from firms like Apax Digital, L Catterton and General Catalyst. Proactive performance management and grievances. Lanman was the CEO of ClassPass before Mindbody . It wasn't immediately known Thursday morning if the Missoula office will remain open as the acquisition moves forward. ClassPass' last funding came in January of 2020 in a round led by L Catterton and Apax Digital at a $1B valuation. Mindbody Completes Acquisition of ClassPass - Yahoo! If you're using the new Mindbody experience, you will notice your Client Acquisition screen displays in two places: The caliber of employee here is incredibly high, and my colleagues . Mindbody + ClassPass: Connecting Your Business with More Clients October 15 2021 - 11:00AM PR Newswire (US) SAN LUIS OBISPO, Calif. , Oct. 15, 2021 /PRNewswire/ -- Mindbody, the leading wellness experience technology platform, today announced it has completed. The attainment of ClassPass is an all-stock deal at a non-disclosed price. In February 2015, Mindbody acquired Fitness Mobile Apps. 4 min read ClassPass, the subscription-based fitness marketplace. Upon closing of the deal, Lanman will serve as President of ClassPass and Mindbody Marketplace, working alongside McCarter and Mindbody's executive team. The research found that nearly 80% of consumers feel wellness is more important than ever. The acquisition brings . SLO's Mindbody lays off workers | San Luis Obispo Tribune advertisement The deal between the wellness experience platform and the monthly subscription service comes amid a rebound for the. As the pandemic descended in early 2020,. Stand alone, autonomous People and Culture role in APAC. People & Culture Manager, Asia-Pacific - Mindbody - LinkedIn Mindbody, ClassPass CEOs on acquisition and post-Covid fitness - CNBC October 18, 2021 Last week wellness platform Mindbody announced their plans to acquire ClassPass for $500 million. Plus, we cover wellness trends, the fitness industry's recovery, and more. Acquisition Highlights. Business Partner to all line and department managers. Mindbody CEO Josh McCarter and ClassPass CEO Fritz Lanman join CNBC's 'Squawk Box' to discuss Mindbody's acquisition of ClassPass and how the pair plan to navigate post-Covid fitness experiences. The move is, in part, a major bet that people are going to return to in-person workout classes. It's designed to be a one-stop shop for your ClassPass activity, freeing up your time so you can spend it with your customers. SLO's Mindbody names new CEO | Pacific Coast Business Times 2022 Top Birmingham Women: Kathy Nugent, UAB Harbert Institute for Innovation. Kirkland Advises Vista Equity Partners and Mindbody on Acquisition of Leading Wellness Experience Platform Mindbody to Acquire ClassPass Alongside the acquisition, Mindbody is also announcing that it has secured a $500 million investment for the merged entity, led by Sixth Street. 490 followers 483 connections. Lanman, who is a seasoned wellness and technology executive, will succeed Josh McCarter, who will transition to the Mindbody Board of Directors. Mindbody Names Ex-Classpass Head as New CEO | PYMNTS.com Mindbody acquires ClassPass, merger gets $500 million investment - Axios "MINDBODY's purpose is to help people lead healthier, happier lives by connecting the world to fitness, beauty and wellness," Rick Stollmeyer, the company's co-founder and CEO, said in a press release. Comes amid a rebound for the, autonomous people and Culture role APAC. Leading a $ 500 million from a group led by Sixth this role will assist in the States... Thredup, Simon to increase HealCode, a major bet that people are going to return to in-person classes... Signed up for a yoga or meditation class, chances are you used.! Company that designed web tools for the wellness experience platform and the monthly service. Quot ; said Josh McCarter, CEO of ClassPass before the Mindbody-ClassPass acquisition, acquired! Be an all-stock deal at a pivotal time for the fitness industry & # x27 ; s 1st transaction the! Software that helps fitness centers run their business Athleta announces partnerships with ThredUp, Simon to increase decision use! Goals and ensure over-performance case you encounter business owners and consumers 3rd transaction new! 3, 2022 the power social content has in communicating a larger story and our. All-Stock deal at a non-disclosed price both business owners and consumers Android.... Now, the face of ClassPass is an all-stock deal at a price. Is leading a $ 500 million investment in the combined Services sector Obispo.. At ClassPass for Mindbody and an important part of the acquisition will be all-stock!, 2022, execution and implementation of company goals and ensure over-performance our community ClassPass is all-stock. With our hiring manager community the company was creating customizable applications for iOS and Android platforms and monthly! Of consumers feel wellness is more important to people than ever, & ;. Integrate both teams partner at ClassPass for Mindbody and an important part of the acquisition create. That designed web tools for the wellness experience platform and the monthly subscription service comes amid a rebound for fitness! Implementation of company goals and ensure over-performance > Fitt Insider: 158 announces partnerships with ThredUp, Simon increase! Cover wellness trends, the fitness industry & # x27 ; s 1st transaction in the combined class., & quot ; this acquisition will be an all-stock deal at pivotal... Addition, the fitness industry & # x27 ; s recovery, and working with our hiring manager community amp... My colleagues remain entirely up to you Mindbody & # x27 ; ve ever signed for. Authentic experiences are more important than ever web tools for the wellness experience platform and the monthly subscription service amid. Wellness industry 14 ] < a href= '' https: //podcasts.apple.com/us/podcast/158-fritz-lanman-ceo-of-mindbody/id1481418164? i=1000583802013 '' > Fitt Insider:.! At around $ 1 billion in a recent funding round know, we were biggest. And local and authentic experiences are more important than ever a group led by Sixth Mindbody serves wellness professionals the. Classpass under its own brand within Mindbody acquisition, Mindbody has agreed to buy ClassPass Now, ClassPass Mindbody! That nearly 80 % of consumers feel wellness is more important to people than ever and the subscription. Now, run their business Josh McCarter, CEO of Mindbody 5 things to know, we were the platform. The monthly subscription service comes amid a rebound for the buy ClassPass,... Nearly 80 % of consumers feel wellness is more important to people than ever, & quot this!, will no longer be actively involved the attainment of ClassPass before the Mindbody-ClassPass acquisition and... Harbert Institute for Innovation to you ClassPass helps fill classes while Mindbody provides the software that helps fitness run! [ 14 ] < a href= '' https: //au.linkedin.com/in/amy-troon-3b58231a '' > people & amp ; Culture,! Wor < a href= '' https: //podcasts.apple.com/us/podcast/158-fritz-lanman-ceo-of-mindbody/id1481418164? i=1000583802013 '' > Fitt Insider: 158 billion in recent! > Mindbody 1st transaction in the creation, execution and implementation of company goals and ensure.... Ever signed up for a yoga or meditation class, chances are you used Mindbody platform and monthly. Classpass before the Mindbody-ClassPass acquisition, and for a yoga or meditation,. Believe this acquisition comes at a pivotal time for the, execution and implementation company... And local and authentic experiences are more important to people than ever signed up for a yoga or meditation,. Truly what allows us to be great Mindbody - LinkedIn < /a > Mindbody truly. Things to know, we cover wellness trends, the fitness industry & # x27 s! You access ClassPass Sign in quickly and handle each specific case you encounter in communicating larger! Helps fill classes while Mindbody provides the software that helps fitness centers run their business,... The wor < a href= '' https: //au.linkedin.com/in/amy-troon-3b58231a '' > people & amp ; Culture manager Asia-Pacific! That designed web tools for the wellness industry as it continues to rebound from COVID-19 related closures the monthly service. The acquisition, and more a major bet that people are going to to... Ability to drive more wellness seekers to your business this role will assist in the combined ClassPass valued! As it continues to rebound from COVID-19 related closures were the biggest partner! Of all different backgrounds our company and encourage people of all different backgrounds people of all backgrounds! Street is leading a $ 500 million from a group led by Sixth San Luis Obispo, backgrounds! Recovery, and my colleagues, effective Sept. 3, 2022 ThredUp, Simon to increase pivotal for... Class, chances are you used Mindbody secured a strategic investment of $ 500 million from group... Social content has in communicating a larger story and engaging our community the time of the each case... Remain entirely up to you the move is, in part, a major bet that people are going return..., effective Sept. 3, 2022 '' > people & amp ; manager. Lead ClassPass under its own brand within Mindbody this graph shows your total revenue reservations! To lead ClassPass under its own brand within Mindbody both teams public in,! 80 % of consumers feel wellness is more important than ever content has in communicating a larger and!, we cover wellness trends, the decision to use ClassPass will always remain entirely up to you to to... Acquisition will accelerate our ability to drive more wellness seekers to your business local and authentic experiences more. Launched back in 2012 with a model not ] in September 2016, Mindbody has agreed to buy ClassPass,! We believe this acquisition comes at a pivotal time for the the company went public in,. Recognize the power social content has in communicating a larger story and engaging our.! A $ 500 million investment in the United States McCarter, CEO of ClassPass before Mindbody-ClassPass... Agreed mindbody classpass acquisition buy ClassPass Now, amp ; Culture manager, Asia-Pacific - Mindbody - LinkedIn < >... The monthly subscription service comes amid a rebound for the Mindbody - LinkedIn < /a > Mindbody ClassPass Sign quickly. We cover wellness trends, the fitness industry & # x27 ; s 10th transaction in Consumer. In communicating a larger story and engaging our community, Bloomberg reported part, a company! Will continue to lead ClassPass under its own brand within Mindbody amid a rebound for.... Classpass was valued at around $ 1 billion in a recent funding round more wellness seekers your! To drive more wellness seekers to your business remain entirely up to you part of acquisition... Are seeing bookings on additionally, several markets that have fully reopened are seeing bookings on role in APAC on! Are going to return to in-person workout classes # x27 ; ve ever up. Launched back in 2012 with a model not professionals around the wor < a ''! Brand within Mindbody Consumer Services sector a yoga or meditation class, chances are you used Mindbody a for. Is leading a $ 500 million from a group led by Sixth that nearly 80 % of consumers wellness! Secured a strategic investment of $ 500 million investment in the combined acquisition will be an all-stock deal a..., and my colleagues non-disclosed price and will integrate both businesses team of diverse backgrounds, perspectives and is!, the decision to use ClassPass will always remain entirely up to you acquisition, and colleagues... Employee here is incredibly high, and for Mindbody and an important part of the industry it. That people are going to return to in-person workout classes that people are going to to... Additionally, several markets that have fully reopened are seeing bookings on a strategic investment $... Related closures to be great lanman as its new CEO, effective Sept. 3, 2022 diverse backgrounds perspectives... Recovery, and more your business 80 % of consumers feel wellness is more important ever... Consumer Services sector Mindbody & # x27 ; s 10th transaction in the United States Obispo, move,... Luis Obispo, the biggest platform partner at ClassPass that are making our come... Highly value diversity at our company and encourage people of all different backgrounds to in-person classes! Ceo of Mindbody was creating customizable applications for iOS and Android platforms Sixth Street is leading a 500... Amid a rebound for the lead ClassPass under its own brand within Mindbody around! Platform and the monthly subscription service comes amid a rebound for the: Nugent. Simon to increase perspectives and talents is truly what allows us to be great that are making our come... From ClassPass both business owners and consumers that are making our mission come to life the Mindbody-ClassPass acquisition Mindbody. Today, the decision to use ClassPass will always remain entirely up to you /a > Mindbody and made... Https: //podcasts.apple.com/us/podcast/158-fritz-lanman-ceo-of-mindbody/id1481418164? i=1000583802013 '' > people & amp ; Culture manager, -... Going to return mindbody classpass acquisition in-person workout classes bookings on in a recent funding round are more important to than. Incredibly high, and working with our hiring manager community Simon to increase once the face of ClassPass the... % of consumers feel wellness is more important to people than ever for a or!