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Mindbody buys Booker in $US150m deal
By Liz Terry 13 Mar 2018
Rick Stollmeyer (left) with Josh McCarter
Mindbody will acquire rival, Booker Software, in a deal worth $US150m, said CEO Rick Stollmeyer today (12 March). The agreement is expected to be completed by the end of Q2

The deal will add a roster of around 11,000 locations to the Mindbody portfolio, bringing together Mindbody's clientele of boutique fitness studios and consumer network with Booker’s network of spas and day spas.

“Our intention is to rapidly expand our wellness and beauty platform by delivering more value to customers, consumers and partners alike," said Rick Stollmeyer, Mindbody CEO. “By combining our technology and teams, we will help our customers grow, by connecting them to even larger consumer audiences."

Josh McCarter, CEO of Booker, said: "By joining forces, we can deliver the game-changing technologies and accelerate growth for our customers."

The business was founded in 2006 by SpaFinder CEO, Pete Ellis and MD, Daniel Lizio-Katzen. It initially traded as 'SpaBooker, a division of SpaFinder', before being spun out as GramercyOne in 2010 with McCarter as CEO.

It later rebranded as Booker and was backed by Revolution Ventures and others in a series of deals which funded its growth.

Booker earned around $25 million in subscription and payments revenue in 2017, while its platform processed over $US1.4 billion in payments volume in 2017.



News
1 to 12 of 8703 news stories
24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from ... More
24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found that even a simple daily reminder encouraged people to move ... More
24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant Hudson Valley and founded in 1869, Mohonk is a historic Victorian ... More
23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. Situated in the historic Higashiyama district, the 81-key hotel is ... More
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The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in natural daylight on the hotel’s 29th floor, Dior Spa The Lana ... More
22 Apr 2024
The Sacred River Spa at Four Seasons Resort Bali at Sayan will reopen later this year with an all-new design plus enhanced treatments and experiences inspired by its river valley home. Nestled amid rich tropical ... More
18 Apr 2024
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion. According to the organisation's recent report – called The Global Wellness Economy: United States – the ... More
19 Apr 2024
UK sauna enthusiasts will converge at Galgorm Resort in Northern Ireland next week for the highly anticipated second annual UK Aufguss Championships. Hosted from 22-24, the event will see competitors from across the UK showcasing ... More
17 Apr 2024
Remedy Place, a US-based social wellness club brand, is poised for steady expansion in the coming years, with plans to open two new clubs annually moving forward Remedy Place is the brainchild of Dr Jonathan ... More
16 Apr 2024
Swiss longevity brand Clinique La Prairie (CLP) has inked a deal with Montara Hospitality Group to operate a resort at Tri Vananda – a purpose-built wellness community in Phuket, Thailand. Tri Vananda, envisioned as a ... More
15 Apr 2024
Six Senses has announced the grand opening of its first-ever property and spa in the Caribbean, called Six Senses La Sagesse. With a picturesque beachfront setting and surrounded by verdant hills, Six Senses La Sagesse ... More
12 Apr 2024
A brand new desert hot springs oasis, called Zion Canyon Hot Springs, is set to open in Southern Utah in Q3 of 2025. Situated 30 minutes from the majestic Zion National Park, the US$60 million ... More
     
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Spa Supply Solutions
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Jobs    News   Products   Magazine
NEWS
Mindbody buys Booker in $US150m deal
POSTED 13 Mar 2018 . BY Liz Terry
Rick Stollmeyer (left) with Josh McCarter
Mindbody will acquire rival, Booker Software, in a deal worth $US150m, said CEO Rick Stollmeyer today (12 March). The agreement is expected to be completed by the end of Q2

The deal will add a roster of around 11,000 locations to the Mindbody portfolio, bringing together Mindbody's clientele of boutique fitness studios and consumer network with Booker’s network of spas and day spas.

“Our intention is to rapidly expand our wellness and beauty platform by delivering more value to customers, consumers and partners alike," said Rick Stollmeyer, Mindbody CEO. “By combining our technology and teams, we will help our customers grow, by connecting them to even larger consumer audiences."

Josh McCarter, CEO of Booker, said: "By joining forces, we can deliver the game-changing technologies and accelerate growth for our customers."

The business was founded in 2006 by SpaFinder CEO, Pete Ellis and MD, Daniel Lizio-Katzen. It initially traded as 'SpaBooker, a division of SpaFinder', before being spun out as GramercyOne in 2010 with McCarter as CEO.

It later rebranded as Booker and was backed by Revolution Ventures and others in a series of deals which funded its growth.

Booker earned around $25 million in subscription and payments revenue in 2017, while its platform processed over $US1.4 billion in payments volume in 2017.

Josh McCarter, Booker CEO Credit: Booker
RELATED STORIES
Booker acquires automated marketing software Frederick


Cloud-based software provider Booker has acquired Frederick, a marketing automation platform that offers a set of features for customer feedback, online reviews and referrals for spas and salons.
Booker eyes new industries and mobile expansion after US$35m investment


Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.
Spabooker signs deals with Yelp and MapQuest


Spa management software company Spabooker has announced two new strategic tie-ups with Yelp and MapQuest – both deals are designed to enable spa operators using the Spabooker system to be more ‘discoverable’ and bookable by consumers.
MORE NEWS
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022.
Immediate rewards can motivate people to exercise, finds new research
Short-term incentives for exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity according to new research.
Shannon Malave appointed spa director at Mohonk Mountain House
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House.
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection.
US named world’s largest wellness economy, reaching US$1.8 trillion valuation
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion.
Galgorm Resort gears up to host UK Aufguss Championships next week
UK sauna enthusiasts will converge at Galgorm Resort in Northern Ireland next week for the highly anticipated second annual UK Aufguss Championships.
+ More news   
 
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Spa Supply Solutions

Spa Supply Solutions was founded in 2014 by Julie Bevilacqua, who is qualified in spa management an [more...]
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Phoenix Convention Center, Phoenix, United States
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