MINDBODY to Acquire Booker Software for $150 Million in Cash
MINDBODY Inc., the leading technology platform for the wellness services industry announced it will acquire Booker Software, the popular cloud-based management software for salons and spas.
The new partnership expands the marketplace and opportunities for consumers who book spa services online or use mobile devices. The combined platform will power more than 18,000 salons and spas worldwide.
For spa managers the question is clear. As an increasing number of tech savvy consumers arrive at your spa will your therapists be able to effectively engage with them and improve their wellness journey?
MINDBODY has a vast consumer network and leadership in boutique fitness studios. Booker customers will gain access to the MINDBODY marketplace and have additional ways to live healthier and happier.
“Our intention is to rapidly expand our wellness and beauty platform by delivering more value to customers, consumers and partners alike.”
– Rick Stollmeyer, MINDBODY CEO and co-founder.
“By joining forces, we can deliver the game-changing technologies the wellness industry has been waiting for, and accelerate growth for our customers,” added Josh McCarter, Booker CEO.
Today, Booker Software, serves approximately 10,000 high end salons and spa, and its cloud-based platform processed over $14 billion in payments volume in 2017. The company also provides Frederick, a fast-growing, automated marketing software for wellness businesses.
MINDBODY is the leading technology platform for the wellness services industry. Local wellness entrepreneurs worldwide use the integrated software and payments platform to run, market and build their businesses. Consumers also use MINDBODY to more easily find, engage and transact with wellness providers in their local communities.
Under the terms of the agreement, MINDBODY will acquire Booker Software for approximately $150 million in cash and the assumption of unvested option awards.