The Alphabet-backed fitness and wellness subscription service is being taken over by Mindbody, a wellness business software developer.
Wellness business software producer Mindbody has agreed to acquire ClassPass, the US-based fitness services marketplace backed by internet and technology conglomerate Alphabet, in an all-share deal of undisclosed size.
ClassPass runs a subscription service where members can book fitness classes and beauty treatments at more than 40,000 partnered gyms, wellness providers and beauty centres.
The company also helps fitness studios to manage excess inventory and market unsold spots to optimise their revenue generation. Its team will be integrated with Mindbody’s…
