Mindbody Inc (MB.O), a maker of software to help run fitness and yoga studios, said on Monday it agreed to be bought by private equity firm Vista Equity Partners in a deal valued at about $1.9 billion in cash, about three years after going public.

Mindbody shareholders will receive $36.50 per share in cash, representing a premium of about 68 percent to the company’s closing price as of Friday. The stock was trading at $36.30 before the opening bell.

Since it went public in June 2015, the maker of business management software for fitness boutiques, spas and beauty salons has generated a steady rise in revenue. For 2017, it reported revenue of $182.6 million.

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