TSG Announces Acquisition of PerfectMind

Publisher: The Insight Partners

TSG, an Advent portfolio company and global provider of business management software, integrated payments, and value-added services to the Health and Fitness, Childcare and Education, and Boutique markets, today announced that it has acquired PerfectMind Inc., a leading provider of software and services for the Parks and Recreation industry, primarily in Canada and the United States.

Originally developed as a Martial Arts software solution, the PerfectMind platform is now the market leader in North America in the Parks and Recreation market. The PerfectMind cloud-based Parks & Recreation Management Software helps university campuses, sports centers, and recreation organizations of all sizes to grow their communities.  A broad selection of modules allows the platform to scale and evolve over time with the needs of each client's organization.  The parks and recreation industry's first platform as a service (PaaS) makes day-to-day operations simple, efficient and enjoyable. Worldwide, PerfectMind serves more than 500,000 users in 21 countries in the Health & Fitness market.

"We believe that our unique combination of software, integrated payments and value-added services allows our clients to do more of what they love.  We want to take away the stresses and strains of their business processes and problems and allow them to focus on their customers," said Davin Miller, CEO, Health & Fitness at TSG.  "Bringing PerfectMind into TSG is consistent with our vision to empower passionate people around the globe.  PerfectMind unlocks a unique opportunity to serve the Parks and Recreation industry as we add our integrated payments and value-added services for their clients."

"Since we began in 1998, we had a vision to reinvent the way organizations help, grow, and connect to their communities. Today, that vision is a reality," said Farid Dorhar, CEO and Founder. "PerfectMind has evolved into a powerful platform used by more than 5,000 organizations in 21 countries.  We are dedicated to helping our clients develop a deeper relationship with the members of their communities and as a member of the TSG family we can continue to pursue our vision."

"PerfectMind has built a market leading software platform that is well regarded in North America," added Miller.  "The combination of TSG and PerfectMind will enable us to deliver an innovative and compelling total business solution on a global basis.  We are excited to join forces and welcome the PerfectMind family to TSG." PerfectMind was advised on the transaction by Atlas Technology Group.