LONDON, UK: The Board of Octopus Titan VCT plc announced that ABC Fitness have acquired Zappy Limited (trading as Glofox).
Glofox is a full stack software management platform (B2B SaaS) designed for gyms and fitness studios.
Titan first invested in 2019 and participated in one further round of investment. Cumulatively, Titan invested £5.1m in the business. Although the details of the transaction are not being disclosed, the transaction represents an attractive exit for the Titan shareholders.
This demonstrates the important role that VCTs play in investing in the people, ideas and industries that will help change the world.
ABC Fitness offers the most proven club management solution in the fitness marketplace. It empowers club owners and operators to achieve better financial performance and offer an exceptional member experience that’s true to their brand and mission. The holistic solution includes an innovative SaaS platform, top-notch Revenue-cycle Management and an unwavering commitment to customer service.
Founded in 1981, ABC has offices in Little Rock (Sherwood), Arkansas, and Dallas (Frisco), Texas, and we partner with nearly 16,000 health clubs and 150,000 fitness professionals. ABC is part of the Thoma Bravo portfolio of companies, a private equity firm based in San Francisco and Chicago.