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“We are pleased to complete the acquisition of Booker and excited to welcome the Booker team to the Mindbody family,” said Rick Stollmeyer, Mindbody CEO and co-founder. "Mindbody and Booker have long shared a common purpose: delivering a platform that empowers wellness and beauty professionals to run and grow their businesses," says Josh McCarter, Booker CEO. Vista Equity Partners Completes Acquisition of MINDBODY, Inc. PRESS RELEASE GlobeNewswire . Mindbody (NASDAQ:MB) reported second-quarter 2018 financial results after the market close on Tuesday. Regarding the paring back of 2018 revenue guidance, Stollmeyer said on the call that this was related to the integration of the Booker acquisition and that the company just wants "to be cautious for the balance of the year," but he noted that "[w]e're still very bullish on where this is going to take us in 2019. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The acquisition will add approximately 10,000 salons and spas (Booker's primary market) to the MINDBODY client portfolio, as well as Frederick, Booker's automated marketing software. • Tonya Blazio-Licorish and Obi Anyanwu, clock exclude terms. The business will also acquire Frederick, an automated marketing software for wellness businesses. Mindbody has agreed to pay $150 million to acquire Booker Software, a cloud software provider for salons and spas.
The acquisition begins the next phase of growth for MINDBODY by combining its product and industry leadership with Vista’s unique investment and operating model for SaaS companies. Upon closing, additional financial information will be released when MindBody reports its first quarter results. MINDBODY, today announced that it has completed the acquisition of Booker Software, a leading cloud-based business management platform for salons and spas, and the provider of Frederick, a fast-growing, automated marketing software for wellness businesses. Get the latest news from the spa industry!
The most comprehensive and up-to-date information relating to the pandemic. So both the top and bottom lines came in at the upper end of their respective outlook range. Last quarter, management pared back its bottom-line guidance for the year, citing its plans to invest "significantly" in its Booker and FitMetrix acquisitions "to set the stage for much greater growth" in the future. Despite Wednesday's drop, Mindbody stock has gained nearly 35% over the one-year period through Wednesday, versus the S&P 500's 16.1% return. Cortina appeared in Vogue, Mission, Purple and Spur magazines as well as WWD, and walked the runways in Paris Fashion Week.
© 2020 Questex LLC. Cumulative Growth of a $10,000 Investment in Stock Advisor, Mindbody's Second-Quarter Revenue Gets a Boost From Acquisition @themotleyfool #stocks $MB, Mindbody Continues to Grow Revenue Rapidly, but Stock Plunges 18% on Outlook, MINDBODY Inc (MB) Q3 2018 Earnings Conference Call Transcript, How Mindbody's 3-Year Shopping Spree Will Shape the Company's Future, Copyright, Trademark and Patent Information. The market's reaction was probably largely due to the company's lowering of the upper end of its revenue outlook range for full-year 2018. Today, Booker serves approximately 10,000 high-end salons and spas, and its platform processed more than $1.4 billion in payments volume in 2017.
L.A., More East Coast Retail Shutting Down Over Election Day Fears, Untangling Hair's Cultural Appropriation and Racism Issues.
MindBody, a software provider for wellness companies, has announced its acquisition of Booker Software, a cloud-based management platform for spas and salons and the provider of Frederick, an automated marketing software for wellness businesses.
Let's conquer your financial goals together...faster. Management issued third-quarter guidance, as follows. EPS = earnings per share. MINDBODY, Inc., a leading technology platform for the wellness services industry, announced today that it has completed the acquisition of Booker Software, a leading cloud-based business management platform for salons and spas, and the provider of Frederick, a fast-growing, automated marketing software for wellness businesses. Activism. For additional context -- though long-term investors shouldn't place too much weight on Wall Street's near-term estimates -- analysts were looking for an adjusted loss per share of $0.08 on revenue of $60.5 million. Booker, founded in 2010, provides salons with online booking, staff management and point-of-sale technology. MindBody, a software provider for wellness companies, has announced its acquisition of Booker Software, a cloud-based management platform for spas and salons and the provider of Frederick, an automated marketing software for wellness businesses. Report: Rosemary Feitelberg #wwdfashion #maximacortina, In honor of the 25th anniversary of the Juicy Couture tracksuit, a throwback to Jen and Ben circa 2002. How Did Cultural Appropriation Come to Be in Fashion?
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