Wellable, a Boston, MA-based employee wellness technology and services provider, acquires Sweat Factor, a Los Angeles, CA-based fitness streaming platform.
The amount of the deal was not disclosed.
With the acquisition, Wellable will further integrate Sweat Factor’s existing content into its On-Demand solution, improving user experience and performance. It will also continue producing studio-quality holistic classes for its client base, releasing new content each month.
Founded in 2017 and led by CEO Mike Donavanik, Sweat Factor provides a library of over 600 on-demand, at-home workouts through trainers like Mike Donavanik, Anja Garcia, Gideon Akande, Sarah Kusch, Betina Gozo, Ashley Joi, Kenta Seki, and more. The library has the workouts needed to meet personal fitness goals, including a wide range of class categories, intensity levels, and durations. Classes include HIIT, yoga, desk exercises, bootcamp, kickboxing, prenatal, and more.
Led by CEO Nick Patel, Wellable provides a wellness technology platform that enables organizations to create programs that help employees thrive by engaging them in holistic educational modules and activities. The company supplements its digital experience with on-site and virtual services and rewards administration to maximize engagement. Wellable works with employers, health plans, and properties of all sizes across the world, with active users in more than 35 different countries.
FinSMEs
28/09/2022