Motionsoft in the News

September 8, 2010

I wanted to take a moment to discuss a few things that you may have read in the news about Motionsoft and how it benefits you. I want to focus on two recent events in particular, Motionsoft being picked by Inc. Magazine as one of the fastest growing private companies in the US, and our recent announcement of a $5.5 million round of venture funding. Don’t worry the whole blog isn’t about how great we are…

So what does this good news mean to our customers, our industry, and our competitors?

The recognition by Inc. is really validation of our model. We have brought a disruptive model to the industry that has empowered the gyms and wellness centers by offering more choices on how you buy from us. And clearly the market has been, dare i say, grateful. We aren’t just a billing company that offers software, and we aren’t JUST a club management software. We work with you, and for you. Rather then profit off of your growth, we have partnered with you to help aide in your growth.

The other big news was the recent investment by Edison Ventures of $5.5 million dollars. This really does four things:

1. I can finally stop answering the question of when are you guys going to sell the company. We are in this with you for a long time!
2. It gives us additional cash to do R&D. We have a great software platform today, our billing options are second to none. But we can’t and don’t want to rest on our laurels. We aren’t satisfied being good at what we do, we are constantly striving for better. This money gives us the opportunity to do just that by finding the best technologies to build our next generation software!
3. You can’t have great technology without great people. Looking at our executive team and, really, all of our employees, we have assembled some of the best and brightest minds and we are constantly looking to hire (Which reminds me, if you know somebody who is looking to work at a young dynamic company please have them contact me!)
4. Casual Friday’s are now a bit more formal!

For the industry I think this is our moment to shine. We have shed the image of dingy, dark gyms of the 70′s. There has been significant interest from bankers, and investors and their investment in Motionsoft is really an investment in the larger health and wellness industry. Outsiders are bullish about our industry and the potential!

One last thing, last week Al Noshirvani, our CEO and my brother, was selected to 40 Under 40 (see our last blog — Al Noshirvani Named to “40 under 40? by Washington Business Journal), which recognizes 40 CEO’s under the age of 40 that are changing the way business is done. If you see him at SIBEC or CI please remind him that I’m still funnier then him

Thank you again to everybody who has helped us grow and expand over the last five years.