June 24, 2017 4:40 AM ET

Internet Software and Services

Company Overview of MINDBODY, Inc.

Company Overview

MINDBODY, Inc. operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build client scheduling and online booking, staff management, client relationship management, integrated payment processing, retail point-of-sale, analytics and reporting, simple and intuitive user experience, mobility, branded Web, social integration, cloud-based architecture, open platform for third-party application development, security and compliance, and integration with other cloud-based partners for yoga, Pilates, barre, indoor cycling, personal training, martial arts, ...

4051 Broad Street

Suite 220

San Luis Obispo, CA 93401

United States

Founded in 2001

1,444 Employees

Phone:

877-755-4279

Key Executives for MINDBODY, Inc.

Co-Founder, Chairman & CEO
Age: 50
Total Annual Compensation: $420.0K
Chief Financial Officer and Chief Operating Officer
Age: 53
Total Annual Compensation: $350.0K
Chief Technology Officer
Age: 37
Total Annual Compensation: $252.5K
Compensation as of Fiscal Year 2016.

MINDBODY, Inc. Key Developments

MINDBODY, Inc. Announces Executive Changes

On June 17, 2017, Michael Mansbach was appointed to the position of President of MINDBODY, Inc., effective upon his commencement of employment with the Company on June 19, 2017. Mr. Mansbach will report directly to Richard Stollmeyer, the Company's Chairman and Chief Executive Officer. Upon the effectiveness of Mr. Mansbach's appointment as President of the Company, Mr. Stollmeyer will conclude his role as President of the Company and continue to serve as the Chairman of the Board and as the Company's Chief Executive Officer. Mr. Mansbach, age 49, is joining the Company after having served as the President of Blue Jeans Network, Inc. from November 2015 to February 2017.

Mindbody, Inc Elects Court Cunningham to its Board of Directors

MINDBODY, Inc. announced that Court Cunningham has been elected to its Board of Directors. For nearly 10 years, Cunningham served as CEO of Yodle. Cunningham currently serves on the Board of Directors of Insight Squared.

MINDBODY Seeks Acquisitions

MINDBODY, Inc. (NasdaqGM:MB) has filed a Follow-on Equity Offering. MINDBODY estimate that the net proceeds from the sale of Class A common stock in the offering will be approximately $117.8 million. The principal purposes of this offering are to increase capitalization and financial flexibility for, among other things, possible acquisitions of complementary businesses, products, services or technologies.

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Merger/Acquisition
March 28, 2017
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