Clubessential Holdings Announces Acquisitions of Performance IQ and Black Diamond IT Services

CINCINNATI, Sept. 6, 2018 /PRNewswire-PRWeb/ -- Clubessential Holdings, the leading provider of membership and club-management solutions to the private club, college athletic and health and fitness markets, today announced two strategic acquisitions: Performance IQ and Black Diamond IT Services.

Performance IQ, based in Chicago, Illinois, has pioneered the development of fitness tracking software that delivers high quality, real-time, individual and group fitness results leading to higher member engagement, retention and loyalty. Performance IQ will join the ClubReady brand as a fully integrated software solution for the fitness studio market.

"We are excited to welcome Performance IQ, and their valued customers, to the ClubReady team. Tae Yoo and Bhargav Patel, Performance IQ co-founders, have built a highly engaging software solution that leads the industry in providing a complete fitness tracking solution," said Darol Lain, President, ClubReady. "We've already completed initial Performance IQ integration with the ClubReady Fitness Management Platform to provide our studio clients a full membership management and engagement experience to help attract, retain and better serve their members."

Black Diamond IT Services, headquartered in Montgomery, Alabama, is a leading provider of college athletic web sites through their SIDHelp content management platform. Black Diamond will join the PrestoSports brand to become the largest provider of college athletic web sites and content distribution in the market.

"Greg Black founded Black Diamond, based on his experience as a former sports information director. The SIDHelp product clearly supports the unique communication needs of today's college athletic departments," said Keith Womack, President, PrestoSports. "We're looking forward to working with Greg, and the SIDHelp clients, to drive the next level of fan engagement in college athletics."

"Clubessential Holdings' over 300 employees now serve more than 6,000 organizations, and millions of members and fans, with our leading membership management SaaS platforms in the private club, college athletics and health & fitness markets," said Randy Eckels, Chief Executive Officer, Clubessential Holdings. "Performance IQ and Black Diamond IT Services add unique technology, great customers and talented employees to further our mission to help our clients exceptionally serve their members and fans for life."

About Clubessential Holdings
Clubessential Holdings, a Battery Ventures portfolio company, provides a full suite of membership and club management Software as a Service solutions to private clubs, health & fitness clubs and college athletic programs through the Clubessential, ClubReady and PrestoSports brands. The company offerings consist of websites, mobile apps, accounting, point-of- sale, payments, CRM, reservations, camps and statistics software solutions which help over 1,400 private clubs, 2,500 fitness clubs and 1,400 college athletic programs better attract, engage, and retain their members and fans for life. For more information, visit http://www.clubessential.com; http://www.clubready.com; and http://www.prestosports.com.

About Battery Ventures
Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technology. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, Israel, New York and London. Follow the firm on Twitter @BatteryVentures, or visit their website at http://www.battery.com.

SOURCE Clubessential Holdings