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MINDBODY Receives Red Herring 100 North America Award

Tuesday, June 29, 2010 General News J E 4
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SAN LUIS OBISPO, Calif., June 29 Global media company Red Herring recently named MINDBODY among the 100 most innovative technology companies in North America in 2010. The award was announced at a conference held in San Diego, CA.

Technology industry executives, investors and strategists use the Red Herring 100 list as an instrument for discovering and advocating the most promising private ventures from around the world. Red Herring's editorial team analyzed hundreds of cutting-edge companies and technologies and selected those who are best positioned to grow at an explosive rate and achieve global reach.

"It's tremendously fulfilling to see our vision being realized. We're thrilled to receive this honor," said Rick Stollmeyer, founder and CEO of MINDBODY.

Among the factors that contributed to the award is MINDBODY's tremendous growth over the last several years. In 2009 alone the company grew more than 60%, contributing to more than $10 million in annual revenues. The company's web-based platform, low monthly subscription cost, comprehensive no-cost training program, and robust reporting features have all contributed to its success in the market place. In 2010 MINDBODY also expanded its offerings to include mobile applications and a powerful new web technology called MINDBODY Finder that enables consumers to find, book and pay for wellness-oriented classes and appointments through their mobile devices, high-traffic media sites and mindbodyfinder.com.

"MINDBODY is revolutionizing business management software for its health and wellness customers, combining low-cost, ease-of-use and innovative products to make life simpler for business owners. We are happy to see MINDBODY's technology innovation get recognized by Red Herring," said Tyler Newton, Partner and Research Director at Catalyst Investors, a growth private equity firm that infused $5.6 million into MINDBODY in March 2009.

MINDBODY shares the Red Herring award with companies like Achaogen, Groupon and Surgient.

About MINDBODY

MINDBODY delivers innovative business management software to the wellness industry, including fitness, yoga, Pilates, salons, spas and martial arts businesses. The company is ranked 370th on Inc. Magazine's 500 fastest-growing companies and 21st in the software industry, and was recently recognized by Outside Magazine as among The 50 Best Places to Work. MINDBODY serves more than 8,500 clients in 60 countries. http://www.mindbodyonline.com

This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.

Contact: Meg McCall, Director of Marketing meg.mccall@mindbodyonline.com (805) 476-1245 MINDBODY, Inc. 4051 Broad Street, Suite 220 San Luis Obispo, CA 93401

SOURCE MINDBODY, Inc.
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