{"id":4486,"date":"2019-05-23T01:00:40","date_gmt":"2019-05-23T06:00:40","guid":{"rendered":"http:\/\/www.clubinsideronline.com\/news\/?p=4486"},"modified":"2019-05-28T12:09:05","modified_gmt":"2019-05-28T17:09:05","slug":"motionsoft-closes-17m-in-new-financing","status":"publish","type":"post","link":"http:\/\/www.clubinsideronline.com\/news\/suppliers\/motionsoft-closes-17m-in-new-financing\/","title":{"rendered":"Motionsoft Closes $17M in New Financing"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Motionsoft-300x85.png\" alt=\"Motionsoft\" width=\"300\" height=\"85\" class=\"alignnone size-medium wp-image-1330\" srcset=\"http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Motionsoft-300x85.png 300w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Motionsoft-200x57.png 200w, http:\/\/www.clubinsideronline.com\/news\/wp-content\/uploads\/Motionsoft.png 646w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Motionsoft<\/p>\n<p><strong>ROCKVILLE, MD<\/strong> &#8211; Motionsoft, a pioneer of Software-as-a-Service for member-based organizations in the fitness and wellness markets, announced it secured a $17M round of financing. The round was funded exclusively by existing investors including Edison Partners, Route 66 Ventures, and co-founders Al and Hossein Noshirvani. The funds will be used to fuel the Company\u2019s growth, further enhance its product offering and extend its leadership position in health and fitness industry.<\/p>\n<p>\u201cThis new funding demonstrates continuing investor confidence in our company and the marketplace we serve,\u201d said Motionsoft CEO, Rick Auletta. \u201cOur focus over the coming years will be to capture a larger share of a growing world-wide market, deliver unparalleled levels of customer service, and provide our employees with a challenging and rewarding work environment. This funding will allow us to invest in the tools and resources needed to help our clients exceed their members\u2019 expectations.\u201d<\/p>\n<p>Utilizing technology and data to understand member behavior, reduce attrition and improve profits has become an economic imperative for health and fitness operators. In an era of unprecedented growth, club operators are reevaluating their business strategies, focusing on the full life cycle profitability of a member rather than just the initial cost to acquire. Motionsoft\u2019s proprietary member management SaaS platform is an industry leader in helping its customer Get, Know and Keep their members.<\/p>\n<p>\u201cMotionsoft has been changing the way gyms and fitness centers serve and support their members since 2004,\u201d said Al Noshirvani Chairman and Co-founder of Motionsoft. \u201cWith the success of MoSo\u2122 and MoSoClub\u2122, this round of funding is well-timed to meet the growing demand of health and wellness facilities who want to take their companies\u2014and their members\u2014to the next level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>ROCKVILLE, MD<\/strong> &#8211; Motionsoft, a pioneer of Software-as-a-Service for member-based organizations in the fitness and wellness markets, announced it secured a $17M round of financing. The round was funded exclusively by existing investors including Edison Partners, Route 66 Ventures, and co-founders Al and Hossein Noshirvani. The funds will be used to fuel the Company\u2019s growth, further enhance its product offering and extend its leadership position in health and fitness industry.<\/p>\n","protected":false},"author":1,"featured_media":1330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[165],"_links":{"self":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/4486"}],"collection":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/comments?post=4486"}],"version-history":[{"count":1,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/4486\/revisions"}],"predecessor-version":[{"id":4487,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/posts\/4486\/revisions\/4487"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media\/1330"}],"wp:attachment":[{"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/media?parent=4486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/categories?post=4486"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.clubinsideronline.com\/news\/wp-json\/wp\/v2\/tags?post=4486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}