MindBody Brings Technology to Fitness

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Feb. 21 (Bloomberg) –- MindBody CEO and Co-Founder Rick Stollmeyer discusses the company's fitness technology on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

For these local businesses and behold a beauty scepters -- sectors.

We have all of these services that enable you to live a better life.

Personal trainers, nutritionists, your yoga studio, all of these businesses that we serve.

Does this put you on the road to an ipo?

The funding is going to help us accelerate article that our latest web and mobile products.

We have assembled the largest network of the help and pity practitioners in the world, over 500,000 records nurse in a hundred countries.

These folks are doing about 25 million sessions a month in our system with about $1.5 billion -- $.5 billion a month.

You'll see mind-body connect, both in the android in itunes store.

You can manage your account with them, your schedules, as well as your hair salon, and perhaps you want to engage a personal trainer, all of that could be managed in one place.

? some of these smaller businesses of been slower to be disrupted by new technology.

Do you think there is a real opportunity here?

Why is it taking so long for these small businesses to end up with technology for those who need to be convinced to work out?

It is a rapidly growing industry.

It is dominated by a lot of small mom and pop businesses.

It is taking a long time to get that flywheel spinning, but it is much more durable.

I largest client is only a fraction of our revenue.

We are able to access the local entrepreneurs all over the world.

Have you had any success with the chains look at 24 hour fitness?

What do you think is the benefit to bringing technology into the workout?

People can say quite disruptive . we wanted to be able to focus on people who could make a quick decision.

The larger the business, the more difficult it is for them to make a business operating change.

We are srttarting to see larger chains come together.

Equinox, a system for yoga and pilates, has come on board.

On the second half of your point, technology has all kinds of wonderful things to offer to mom and pop wellness industry.

Ultimately, those people that are paying for the consumer's healthcare.

Any chance of any some sort of an aggression -- integration?

There is a class right now.

We're going to be able to show people, by integrating with job own and i give fuel to see the effects of my workout.

When i went to that your class, this is what it did not only to my calorie burn for that time, but how long i slept that night.

We're going to help people manage their minds and their bodies with the same alacrity that you manager car and your motorcycle.

You will have all of the information at your fingertips.

And motivation.

Thank you for joining us.

This text has been automatically generated. It may not be 100% accurate.

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