Leading Cloud-Based Platform for Spas and Salons Accelerates to Triple-Digit Growth as Customer Adoption Across the US and UK Accelerates
November 07, 2019 Bellevue, WA - Zenoti Software, the leading cloud-based platform for the spa, salon, and med spa industry, today announced it ranked number 170 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America, now in its 25th year. As the only software company serving the beauty and wellness industry on the list, this award comes on the heels of its recent $70 million investments from Tiger Global and Steadview Capital, and signing of partner Hand & Stone Massage and Facial Spa, capping off a year in which Zenoti increased its revenue by over 100%.
As Zenoti continues to scale and expand, the company has added multiple senior executives to the organization in the latter half of 2019. SVP of Marketing Guy Weismantel, Chief Operating Officer Srinivas Chandrasekar, and SVP of Finance and Business Development Rohit Agarwal have bolstered Zenoti’s leadership team, bringing valuable experience which customers have immediately benefitted from.
“With more than $91 million raised to date, Zenoti has been rapidly accelerating adoption of our platform on a global scale,” said Sudheer Koneru, CEO of Zenoti. “Between our recent fundraising and executive additions, we believe we have the best execution capability in the industry today to redefine the role of technology as a backbone to driving growth in the beauty and wellness marketplace. We’re honored to be recognized as one of Deloitte’s Technology Fast 500.”
ABOUT DELOITTE’S 2019 TECHNOLOGY FAST 500™
Now in its 25th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Zenoti provides an all-in-one, cloud-based software solution for the spa, salon and med spa industry. The Zenoti platform is engineered for reliability and scale, harnessing the power of enterprise-level technology for businesses of all sizes.
Zenoti powers thousands of spas and salons in more than 50 countries. Zenoti allows users to seamlessly manage every aspect of the business in a comprehensive mobile solution: online appointment bookings, POS, CRM, employee management, inventory management, built-in marketing programs and more. Zenoti helps clients streamline their systems and reduce costs, while simultaneously improving customer retention and spending.
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