Attributes over 445% revenue growth to disruption in fitness and wellness software space
TORONTO, November 18, 2021 /CNW/ – WellnessLiving all-in-one business management software solution announces #295 placement in 2021 Deloitte Technology Fast 500™a ranking of the 500 fastest growing technology, fintech and energy companies in North Americanow in its 27th year.
“Each year, the Technology Fast 500™ shines a light on leading technology innovators and this year is no exception,” said Paul Silverglat, Vice President, Deloitte LLP and US Technology Leader. “Faced with the countless challenges resulting from the pandemic, the best and the brightest have been able to pivot, reinvent themselves, transform and grow. We celebrate winning organizations and especially the talented employees who are at the root of their success.
CEO and co-founder of WellnessLiving, Len Fridman, thanks their dedicated team members, their passion for helping fitness businesses thrive, and a strategic pandemic pivot with the company’s 445% revenue growth. “We are delighted to be listed on Deloitte’s prestigious Technology Fast 500™ list as one of the fastest growing companies in North America“, Fridman said. “We attribute our rapid growth to disrupting the fitness and wellness software space by creating a platform built around the needs of our customers.”
“We pride ourselves on our customer-centric model that produces software solutions that directly address our customers’ issues and requests,” adds the COO and co-founder of WellnessLiving. sasha davids. “It is this community relationship that is the foundation of our entire business model. Their success is truly our pride and joy – our rapid growth is simply a byproduct of our dedication to our customers,” Davids said.
“The WellnessLiving team was strategic in pivoting our business to meet the demand of the virtual fitness boom at the start of the pandemic,” Fridman continues. “We partnered with Zoom and launched our fully integrated virtual services —FitLIVE and FitVID on demand, giving our customers new options to serve their customers during the lockdowns. Today, over 70% of our customers are leveraging a hybrid business model of in-person and virtual services, giving their customers even more freedom to engage with their services than ever before. These virtual services now represent over 17% of their revenue and will continue to be a significant source of revenue for the foreseeable future. Additionally, many of our clients have seen their revenues increase by 210% over their pre-pandemic numbers,” Fridman said.
“The pandemic has highlighted the urgent need for technology solutions in various areas of healthcare, fintech, energy tech and entertainment. It is therefore more important than ever to rely on innovators like the Technology Fast 500™ winners,” said Christian Simons, Partner, Deloitte & Touche LLP and technology, media and telecommunications industry leader in Deloitte’s audit and assurance practice. “These companies are not only at the forefront of transforming the way we do business, but more importantly, they recognize the strategic importance of continuous innovation, especially in the ever-changing world of technology.”
In order to be eligible for Deloittes’ Technology Fast 500™ recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute the majority of the company’s operating revenue. Companies must have base year operating revenues of at least $50,000and current year operating revenues of at least $5 million. In addition, companies must have been in business for at least four years and be headquartered in North America.
About WellnessLiving
WellnessLiving was founded in Toronto, Canadathrough Len Fridman (CEO) and sasha davids (COO). The couple dreamed of creating a truly affordable all-in-one cloud-based solution, delivering industry-leading software management tools for fitness and wellness businesses around the world. Dynamic features such as their automated marketing suite, advanced reporting, easy booking tools and rewards program enable clients to attract, engage and convert their customers. WellnessLiving is one of the fastest growing software companies in North America with over 15 million users worldwide and are the proud recipients of the 2021 Deloitte Technology Fast 50™ and Fast 500™ award programs. WellnessLiving is the “software company with a heart” and we treat our customers like family.
For more information, visit www.wellnessliving.com
About the Deloitte Technology Fast 500™ 2021
Now in its 27th year, the Deloitte Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences, fintech and energy technology companies – both public and private – in North America. Technology Fast 500™ winners are selected based on percentage revenue growth in fiscal year 2017-2020. For more information, visit www.fast500.com
SOURCE WellnessLiving
For further information: Media Relations: Noelle Beauregard, Phone: 1 (888) 668-7728, Email: [email protected]; www.wellnessliving.com
