WellnessLiving added to Deloitte’s Technology Fast 2022

TORONTO, Nov. 17, 2022 (GLOBE NEWSWIRE) — WellnessLiving, the leading all-in-one software solution for fitness and wellness companies, was ranked #442 in the Deloitte Technology Fast 500™ 2022.

This is the second consecutive year that WellnessLiving has graced Deloitte’s Technology Fast 500™ list of the fastest growing companies in the technology, fintech and energy technology industries in North America.

“This year’s Technology Fast 500™ list is a true reflection of some of today’s most determined and inspiring pioneers who have thrived by anticipating the future, understanding what it takes to succeed, and driving creativity forward,” says Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners demonstrated not only that they have the vision, but also that they are capable of competently managing their companies through rapid growth. We congratulate each winner on their outstanding achievements.”

WellnessLiving CEO and Co-Founder Len Fridman attributes the company’s 272% revenue growth to the customer-centric approach and vision to provide the fitness and wellness industry with the tools, resources and the support they need to manage and grow their businesses – a truly all-in-one solution.

“2022 was a big year for WellnessLiving,” says Fridman. “Since releasing some incredible programs and resources that support our community such as the Stand with Studios Grant program to secure a $66.0 million investment from McCarthy Capital and CIBC Innovation Banking, we are honored to be named as one of Deloitte Technology’s Fast 500™ for the second year in a row. Our customers and their success are at the heart of everything we do. I’d like to thank them for all their support as we continue to grow.”

Despite post-pandemic challenges and economic uncertainty, the $4.7 trillion Global Health, Active Lifestyle & Outdoors (“HALO”) sector, as defined by the Credit Suisse research group, faces a bright future and can expect an influx of growth over the next several years as more and more people make their health a top priority. Forecasts call for the boutique fitness segment to grow 450% by 2028 with Pilates, Yoga, Meditation, MedSpa, Workout Recovery, and High Intensity Interval Training (“HIIT”) Boot Camps driving the multi-unit growth.

Over the next 12 months, WellnessLiving plans to enhance its integrated marketing automation and reporting tools, streamline the customer experience, and develop strategic integration partnerships to help business owners attract, convert and retain more customers, resulting in unit economies and more investment capital infused into organic growth by strong players with brand concepts fueling consumer demand.

“As last year has shown us, technology must keep pace with the ever-evolving demands of consumers and businesses for faster, safer and more efficient solutions to new societal challenges,” says Paul Silverglate, vice president, Deloitte LLP and US technology industry leader. “Each year, I am amazed by the immense talent revealed by the Technology Fast 500™ rankings, reflecting the relentless pursuit of winners’ creativity and their ability to solve real-world problems for the benefit of all of us.”

To be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or technology sold to customers in products that contribute the majority of their operating revenues. Companies must have current year operating revenues of at least $5 million and base year operating revenues of at least $50,000.

About WellnessLiving

WellnessLiving is the fastest growing all-in-one business management software for the fitness and wellness industry. Trusted by over 5,000 business owners and over 15 million users worldwide, WellnessLiving is the only software solution you need to manage and grow your business. Their affordable, reliable, and easy-to-use platform provides fitness and wellness business owners with all the features and tools they need to attract, convert, and retain more customers. From online bookings and purchases to studio management, WellnessLiving has it all. For more information, visit www.wellnessliving.com

About the 2022 Deloitte Technology Fast 500

Now in its 28th year, the Deloitte Technology Fast 500™ provides a ranking of fast-growing technology, media, telecommunications, life sciences, fintech and energy companies, both public and private, in North America. Technology Fast 500™ award winners are selected based on the percentage of revenue growth for the fiscal year 2018 through 2021. For more information, visit www.fast500.com

Contact information:
Noelle Beauregard
Marketing Manager
[email protected]

Related images

Image 1: WellnessLiving logo

WellnessLiving is the fastest growing all-in-one business management software for the fitness and wellness industry. Trusted by over 5,000 business owners and over 15 million users worldwide.

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