WellnessLiving ranked fastest growing North American company by 2021 Deloitte Technology Fast 500 ™
Attributes over 445% revenue growth to disruption of the fitness and wellness software space
TORONTO, November 18, 2021 / PRNewswire / – Well-being All-in-one business management software solution announces # 295 placement on 2021 Deloitte Fast 500 ™ technology, a ranking of the 500 fastest growing tech, fintech and energy technology companies in North America, now in its 27th year.
“Each year, the Technology Fast 500 ™ shines a spotlight on leading technology innovators and this year is no exception,” said Paul Silver Ice, Vice President, Deloitte LLP and leader of the technology sector in the United States. “Faced with the myriad challenges resulting from the pandemic, the best and the brightest have been able to pivot, reinvent, transform and grow. We celebrate the winning organizations and in particular the talented employees who are the source of their success. “
CEO and co-founder of WellnessLiving, Len fridman, credits the dedicated members of their team with their passion for helping fitness businesses thrive and a pandemic strategic linchpin with the company’s 445% revenue growth. “We are delighted to be named to 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 designed around the needs of our customers. “
“We pride ourselves on our customer-centric model which produces software solutions that directly address the problems and demands of our customers,” adds the COO and co-founder of WellnessLiving. Sasha davids. “It is this community relationship that is the basis of our entire business model. Their success is truly our pride and joy – our rapid growth is simply a by-product of our dedication to our customers,” Davids said.
“The WellnessLiving team was strategic in pivoting our business to meet the demand for the virtual fitness boom at the onset of the pandemic,” continues Fridman. “We have partnered up with Zoom and launched our fully integrated virtual services –FitLIVE and FitVID on demand, offering our customers new options to serve their customers during periods of containment. Today, over 70% of our clients are leveraging a hybrid business model of in-person and virtual services, giving their clients even more freedom than ever to engage with their services. These virtual services now represent over 17% of their revenue and will continue to be a significant source of revenue for the foreseeable future. In addition, many of our customers have seen their revenues increase by up to 210% from their pre-pandemic figures, ”said Fridman.
“The pandemic has underscored the urgent need for technological solutions in various fields such as healthcare, fintech, energy technology and entertainment, so it is more important than ever to rely on innovators like the winners of the Technology Fast 500 ™ ”said Christie simons, Partner, Deloitte & Touche LLP and Industry Leader for Technology, Media and Telecommunications in Deloitte’s Audit and Assurance Practice. “These companies are not only at the forefront of transforming the way we do business, but most importantly, they recognize the strategic importance of continuous innovation, especially in the ever-changing world of technology. “
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 revenues. Businesses must have operating revenues of at least US $ 50,000, and operating income for the current year of at least $ 5 million. In addition, companies must have been in business for at least four years and have their head office in the North America.
WellnessLiving was founded in Toronto, Canada, through Len fridman (CEO) and Sasha davids (COO). The duo dreamed of creating a truly affordable, cloud-based all-in-one solution delivering cutting-edge software management tools for fitness and wellness businesses around the world. Dynamic features like their automated marketing suite, advanced reporting, easy booking tools, and rewards program enable customers 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 ™ rewards 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 2021 Deloitte Technology Fast 500 ™
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 ™ award winners are selected based on percentage revenue growth in fiscal year 2017 to 2020. For more information, visit www.fast500.com