MINDBODY Closes Acquisition of Booker Software
Palo Alto – April 23, 2018 – Cooley advised MINDBODY, a technology platform for the wellness services industry, on its completed acquisition of Booker Software for approximately $150 million and the assumption of unvested option awards. Partner Jon Avina led the Cooley team advising MINDBODY.
According to MINDBODY, the acquisition adds approximately 10,000 salons and spas to its marketplace, combining its leadership in boutique fitness studios and its vast consumer network with Booker’s leadership in cloud-based management systems for high-value salons and spas.
“We are pleased to complete the acquisition of Booker and excited to welcome the Booker team to the MINDBODY family,” said Rick Stollmeyer, CEO and co-founder of MINDBODY, in a news release. “By joining forces, MINDBODY and Booker will be able to expand the capabilities of our products to deliver more value to our customers, engage with more consumers in our marketplace and expand our leadership in wellness and beauty.”
MINDBODY, which trades on the Nasdaq Global Market under the symbol “MB,” is used by local wellness entrepreneurs worldwide to run, market and build their businesses. Consumers use MINDBODY to more easily find, engage and transact with wellness providers in their local communities.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.