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 subscription service providing access to the
world's most extensive network of fitness and wellness
experiences.
Originally announced on October 13,
2021, this acquisition brings two of the industry's most
prominent leaders together, creating the most comprehensive
technology platform for wellness business owners and the world's
largest fitness and wellness experience marketplace for
consumers.
"We are thrilled to complete the acquisition of ClassPass and
are excited to welcome their team to the Mindbody family," said
Josh McCarter, Mindbody CEO.
ClassPass CEO, Fritz Lanman will
serve as President of ClassPass and Mindbody Marketplace and
ClassPass CFO and COO, Tom Aveston,
will serve as CFO of the new combined company. Aveston will be
taking over for Brett White,
Mindbody's current CFO who will be retiring from Mindbody after the
transition. Lanman and Aveston will work alongside McCarter,
Mindbody President, Sunil Rajasekar,
and Mindbody's executive team.
For further information visit
www.mindbodyonline.com/classpass-resources.
About Mindbody
Mindbody is the leading experience technology platform for the
fitness, wellness, and beauty industries. Fitness studios, salons,
spas, and integrative health centers—from the newest entrepreneurs
to the largest franchises—use Mindbody's integrated software and
payments platform to run, market, and grow their businesses.
Consumers use Mindbody to find, engage, and transact with wellness
providers in their local communities and around the world. For more
information on how Mindbody is helping people lead healthier,
happier lives by connecting the world to
wellness, visit mindbodyonline.com.
About ClassPass
ClassPass provides access to the world's largest network of
fitness and wellness providers, all with one membership. The
ClassPass network includes pre-vetted exercise studios, health
clubs and wellness businesses that offer a broad range of digital
and in-person classes including yoga, Pilates, strength training
and boxing, and wellness experiences such as massages, acupuncture,
and spa treatments. ClassPass helps first-time studio owners,
emerging fitness chains and known boutique brands to merchandise
their excess inventory, find new customers and generate new streams
of revenue. Since 2018, ClassPass has also partnered with some of
the world's most prominent employers to offer fitness and wellness
benefits through the ClassPass Corporate Wellness Program. For more
information, visit http://classpass.com.
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SOURCE Mindbody