Founded in 2008, Trainerize provides fitness software to trainers, coaches, and gyms. In 2020, the BC company and its team of 30 was acquired by global fitness technology provider ABC Fitness Solutions.
Today, the company announced that it has cracked $20 million in annually recurring revenue, a major milestone for the Vancouver-born fitness disruptor.
Their next goal? $50M ARR.
“When we first met with the team at Trainerize, the thing that was most apparent was the company’s culture and its team’s growth mindset,” said Bill Davis, CEO at ABC Fitness Solutions. “And now that they’re part of ABC, it’s something that we’ve been able to see first-hand, as Trainerize has demonstrated extraordinary performance month on month.”
To match its upward trajectory and position the team for more scale, Trainerize has announced “a new level of leadership that elevates the roles of key players within the organization,” including the original co-ounders..
“When we consider what it’s going to take for us to continue this path, our confidence is grounded in the team that has been assembled,” explains Davis. “This new level of leadership is reflective of the past contributions these team members have made as well as their demonstrated ability to step into expanded roles and responsibilities.”
Among these leadership changes is the recent appointment of cofounder Sharad Mohan to the new role of Chief SaaS Officer of ABC. This change will allow Sharad to bring “his unique and entrepreneurial leadership style to the other SaaS businesses within ABC,” including its EVO gym management solution and its gym marketing automation solution, GymSales.
“It’s an opportunity to take what we’ve learned building Trainerize and apply it to the other SaaS businesses,” said Mohan. “This is a level up for me and a testament to the amazing team at Trainerize.”
As part of its continuous expansion, Trainerize has added new roles in Engineering, Web and Mobile Development, QA, and Marketing this year.
Currently the team is seeking a Chief Commercial Officer that can act as a partner to Sharad, scaling the business to $50M ARR and beyond over the next few years.