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Les Mills
Les Mills
Les Mills
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Booker eyes new industries and mobile expansion after US$35m investment

Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.

Speaking to Spa Opportunities, CEO Josh McCarter said the funding would be used in three major areas. In line with its recent expansion and name change from SpaBooker to Booker, the company is aiming to support more service-based industries in addition to its traditional focus on health and wellness.

Continuing another recent trend, Booker is also planning to invest heavily in mobile, with McCarter citing the planned implementation of features and services specifically designed to help grow revenues. A third area of focus will be driving more sales of Booker’s software.

Among the new investors, Florida-based private equity firm Medina Capital will be the largest. McCarter highlighted the “relevant skillset” of the company, whose founders notably sold Terremark to Verizon for US$2bn (€1.78bn, £1.3bn) in 2011.

Salt Lake City-headquartered Signal Peak, a venture capital firm which invests in companies that offer technology to small and medium businesses, and Chicago-based investment firm Jump Capital have also invested in Booker.

As well as financial investment, McCarter noted that the new deal also included significant strategic investment. Payment transaction processing company First Data, the fourth and final new investor, fits into this category.

The Atlanta-based company processes US$1.5tn (€1.34tn, £973bn) worth of transactions per year, with operations in 35 countries. Its point of sale solution, Clover, is a “huge success”, according to McCarter, but is a retail rather than a service-based system. Therefore, integration with Booker’s service-based platform has the potential to “drive more value into their clients’ businesses”.

McCarter said there would be further announcements related to the funding deal in the coming weeks.

Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.
SAB,SWC
914921_248914.jpg
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News

Booker eyes new industries and mobile expansion after US$35m investment

Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.

Speaking to Spa Opportunities, CEO Josh McCarter said the funding would be used in three major areas. In line with its recent expansion and name change from SpaBooker to Booker, the company is aiming to support more service-based industries in addition to its traditional focus on health and wellness.

Continuing another recent trend, Booker is also planning to invest heavily in mobile, with McCarter citing the planned implementation of features and services specifically designed to help grow revenues. A third area of focus will be driving more sales of Booker’s software.

Among the new investors, Florida-based private equity firm Medina Capital will be the largest. McCarter highlighted the “relevant skillset” of the company, whose founders notably sold Terremark to Verizon for US$2bn (€1.78bn, £1.3bn) in 2011.

Salt Lake City-headquartered Signal Peak, a venture capital firm which invests in companies that offer technology to small and medium businesses, and Chicago-based investment firm Jump Capital have also invested in Booker.

As well as financial investment, McCarter noted that the new deal also included significant strategic investment. Payment transaction processing company First Data, the fourth and final new investor, fits into this category.

The Atlanta-based company processes US$1.5tn (€1.34tn, £973bn) worth of transactions per year, with operations in 35 countries. Its point of sale solution, Clover, is a “huge success”, according to McCarter, but is a retail rather than a service-based system. Therefore, integration with Booker’s service-based platform has the potential to “drive more value into their clients’ businesses”.

McCarter said there would be further announcements related to the funding deal in the coming weeks.

Software company Booker has secured US$35m (€31.2m, £22.7m) in its latest funding round – welcoming four new investors.
SAB,SWC
914921_248914.jpg

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Miha Bodytec GmbH
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FREE WEBINAR
promotion
This free webinar on 26 January will see our panellists reflect on the changes to work in 2020, and their priorities for 2021.
Opinion: 2021 is the year to prioritise global culture
Featured supplier news
Featured supplier: The Retention People unveil 2020 Member Experience Awards winners
Member engagement software provider The Retention People (TRP) has unveiled the winners of its annual 2020 Member Experience Awards (MEA).
Featured supplier news
Featured supplier: Pulse Fitness updates iGym London with state-of-the-art technology
Pulse Fitness has recently completed a refurbishment of the fitness facilities at iGym London.
Company profiles
Company profile: Xn Leisure Systems Ltd
Xn Leisure is a provider of cutting-edge health and fitness software, offering exceptional service to ...
Company profiles
Company profile: EXF Fitness
EXF offer so much more than modular systems and pick and mix installations, they don’t ...
Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Directory
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Servicesport UK Limited: Independent service & maintenance
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Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Management software
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Flooring
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Les Mills
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