While development plans are confidential, upcoming releases will include new applications for the iPhone and other mobile devices, as well as web-based tools that directly connect consumers with providers of fitness, spa/salon, dance, martial arts, children’s centers and other health and wellness services.  “As always, our focus is on helping these small-to-medium-sized businesses attract clients, increase revenues and improve operating efficiency,” said Stollmeyer.

The MINDBODY Online Business Management system presently operates in more than 4,500 business locations serving more than nine million consumers in 50 countries.  The web-based solution combines cutting edge online scheduling with comprehensive CRM, staff and client management, retail point-of-sale, billing and other key business management tools.  MINDBODY’s web based technology links seamlessly with multiple complementary third-party solutions, such as email marketing, payment processing and payroll services. In addition, it features a fully functional web services API, enabling users and third parties to develop their own proprietary applications that link real time to the MINDBODY database.

“MINDBODY’s rapid growth is a testament to the software-as-a-service, or SaaS, model, which offers a completely web-based system to clients so that they do not have to install, host, or store any technology at their business locations,” said Tyler Newton, partner with Catalyst Investors and MINDBODY director.  “SaaS solutions like MINDBODY’s are incredibly attractive to businesses because they offer superior technology at lower cost without the hassle.”

MINDBODY technology upgrades are conducted monthly, require no installation, and are completely free, making the total cost of operating a business on the system far lower than on traditional locally-installed software.  Because the software exists entirely online, it provides instant connectivity between business owners and their clients, an important competitive advantage that is even more compelling during this economic downturn, when many businesses are struggling to attract and retain customers.

MINDBODY Inc. began as the first software consulting firm developing easy-to-use client and teacher management solutions for specialty fitness businesses, such as yoga, Pilates and Spinning. From that base, the company has expanded into solutions geared specifically for many other types of personal service businesses, such as spas, health clubs, martial arts and dance studios, and children’s centers. MINDBODY offers technology solutions that make sense for the personal service industry. The company enables small to medium sized business owners to link multiple locations, simplify operations, boost revenues and focus more on their customers. The applications can be translated to operate in any language and currency, and the company is in the process of expanding through its network of international distributers. (http://www.mindbodyonline.com).

Catalyst Investors is a growth private equity firm founded in 2000. Catalyst employs a rigorous top-down research focus to identify investment opportunities in companies and industries that will exhibit strong revenue and margin growth. The firm works in true partnership with talented management teams to build long term value.  Catalyst has consistently achieved superior returns with disciplined risk management and a commitment to investor transparency. The team’s investment focus is on traditional media and communications, as well as newer growth industries such as Internet media and infrastructure, data, and software services. For more information, visit http://www.catalystinvestors.com/.