“The company’s Hybrid Group eXercise Platform (HGXP) combines prerecorded fitness classes with program-management software, producing a comprehensive group exercise platform. The HGXP class/management package are a kiosk that’s hooked up to a high-def- inition audiovisual system featuring a screen up to 150” in size,” explains an article from Club Business International published in December.
Founded in 2008, the filing further indicates revenues between the $5m – $25m range with an internationally established customer base. They’ve expanded to offer more than 50 different classes across eight fitness genres and experienced a 450% annualized growth rate, the article states.
“We’ll double our revenues and install-base by the end of this year, and, by the end of 2013, we’ll be in well over 1,000 facilities,” said CEO David Kraai.