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The Headspace Meditation App and the Lost Art of Being Still

Headspace reported a revenue north of $100M for 2018, contributing significantly to the growing $1 billion mindfulness industry. What started as an events company has evolved into a promising meditation and mindfulness venture.

Headspace Co-Founder Andy Puddicombe discovered the healing powers of meditation, years before he built the Headspace meditation app with his co-founder Rich Pierson. In 1994, Andy Puddicombe embarked on a 10-year meditation journey across Asia, Australia, and Russia. Upon returning to the U.K. in 2004, they began their pursuit of making happiness and meditation accessible to everyone. Nine years since its incorporation in May 2010, Headspace meditation app is at the forefront of a mindfulness industry revolution.

a photo quote of Andy Puddicombe in relation to the Headspace Meditation App
The Headspace meditation app is a cornerstone of the mindfulness industry.

Growth in the Mindfulness Industry

Meditation and mindfulness are fast becoming mainstream in the United States. In fact, according to a new report from the Centers for Disease Control and Prevention’s National Center for Health Statistics, the use of meditation increased to 14.2 percent in 2017 from 4.1 percent in 2012.

Concurrently, the growing interest in the practice spurred growth within the mindfulness industry.  Meditation centers and studios are sprouting across cities, generating a revenue of about $730 million. Similarly, books, magazines, CDs and DVDs about meditation have contributed to $112 million in revenue. Websites, applications and online courses, on the other hand, generated more than $100 million in revenue. Indeed, there are meditation apps available and designed even to cater to children as young as 7 years old, like the Smiling Mind app, which was developed by educators and psychologists in Australia. Also, there’s the Aura app, a mindfulness app that is personalized by artificial intelligence and offers 3-minute micro-meditations. Such mindfulness industry offerings are available to the public today.

a photo of the Headspace meditation app graphic characters on two sides of the image, with one acting the word "meditation" and the other acting the word "mindfulness"
Want to meditate? Want to practice mindfulness? The Headspace meditation app can be downloaded for free on iOS and Android phones.

Need Some Space? Headspace Meditation App Got You Covered!

Headspace is a guided meditation app that can be downloaded for free on iOS and Android phones. Users can download the app for free and use any of the meditation Basics. Within this trial period, users have access to the basics of meditation. The rest of the sessions can be accessed via a monthly or annual subscription or a monthly family plan. While there are basic guided and unguided meditations, the app also offers practical sessions on mindful eating, meditations tapping the benefits of walking, and sessions for anxiety-inducing moments like interviews, difficult conversations and even flying in an airplane.

The charm of Headspace rests on the session packs that are organized to answer meditation needs for specific life circumstances. For instance, the Brave Pack includes sessions on Reframing Loneliness, Navigating Change, and Dealing with Regret. For parents looking to introduce meditation to kids, there is a host of meditation sessions available for kids with ages 5 and under, kids with ages 6-8 and kids with ages 9-12.

a photo quote of Rich Pierson in relation to the Headspace Meditation App
Rich Pierson talks about what they hope to achieve with the Headspace meditation app.

Changing the Mindfulness Game through the Headspace Meditation App

With more than 1,000 apps available in the market—such as the MINDBODY app for those who’d like to incorporate relaxed mindfulness in their fitness routine or the Simply Being app, which nudges the user to meditate on regular intervals throughout the day and to relax by looking at the soothing images it offers daily—, the Headspace meditation app is certainly winning in the mindfulness industry. The meditation app secured a total financial backing of $75.1 million from investment luminaries like Spectrum Equity, The Chernin Group, Jeff Weiner, William Morris Endeavor (WME), Ryan Seacrest, Cash Warren, Freelands Ventures, Allen & Company, Jared Leto and Jessica Alba.

Currently, Headspace is one of the leading meditation apps. This is based on user reviews, number of downloads, and the number of paying subscribers. Headspace has 45 million downloads and as of June 2018 over 1 million paying subscribers across 190 countries around the globe. Indeed, the Headspace meditation app is on a winning streak.

a photo of the Headspace meditation app graphic character listening to the app with its earphones and phone
The most recent statistics show that the Headspace meditation app has 30 million downloads and 1 million paying subscribers across 190 countries around the globe.

A Bold Progress in the Mindfulness Industry

And yet, Headspace is just starting. A subsidiary called “Headspace Health” which aims to treat a wide range of stress-related chronic diseases is in the pipeline. Aiming for Food and Drug Administration (FDA) approval by the year 2020, Headspace Health has started clinical trials on a suite of prescription-grade meditation tools. A partnership with Oyler Wu Collaborative will soon make Headspace available to more consumers. Meditation spaces in the form of phone booth-sized relaxation “pods” will be deployed in public places.

a photo quote of Haemin Sunim in relation to the Headspace Meditation App
The mindulness industry would be nothing without the teachings Zen Buddhist teacher and monk Haemin Sunim and others who preach the sanctity of self.

Despite the numerous available studies showing the perils of burnout, societies just can’t seem to slow down. When movement is the default state of humans—with most people proudly wearing their busy badges—it is easy to see why mental health issues and stress-related diseases are on the rise. Thankfully, with the current growing interest in mindfulness practices, meditation apps like Headspace are helping revive the art of being still.

How ReliaQuest Is Disrupting the Cyber Security Market

In the not too distant past, it was easy to safeguard customer data. All you needed was a filing cabinet. Nowadays, though, those filing cabinets have become digital constructs, often connected to the Internet and accessible by those with a password. But modern data storage techniques come with their own set of problems, which – when it comes to anything connected to the Internet – usually means breaches of cyber security. In 2018 alone, major companies like T-Mobile, Google, and Facebook fell victim to data breaches. This has made it imperative for businesses to develop countermeasures. It’s also made it possible for a company like ReliaQuest to disrupt the cyber security market.

Recently, Bold Business had the opportunity to interview ReliaQuest CEO and founder Brian Murphy at the 2019 Synapse Summit.

What is ReliaQuest?

ReliaQuest is a cyber security and co-managed security service provider that has been operating out of Tampa, FL, since 2007. They have become one of the most recognized providers of cybersecurity. For more than a decade, ReliaQuest has focused solely on security, striving to make its platform the best in the industry. The company’s accomplishments highlight their efforts.

Reliaquest has won a handful of awards including Fortunes’ Best Workplaces in Technology and Entrepreneurs’ Best Company for Top Company Cultures. However, these are not their only achievements. ReliaQuest supports a customer size of $10 billion in annual revenue.

Currently, their security model serves and protects its 185 customers.

This advanced model, which runs at an enterprise level, combines their technology with their customer’s Security Information and Event Management (SIEM) and Endpoint Detection and Response (EDR) to deliver outcomes specifically tailored to an individual customer. ReliaQuest stores all their customer’s data on their platform allowing full visibility and greater ease of access; allowing their customers a simpler way to observe their data while providing them the protection of cybersecurity. Essentially, they make CyberSecurity safe and easy for your company. You can spend more time focusing on growing your products and your business.

reliaquest offers data protection to clients
The cyber security market is a vital slice of the digital space.

A Team Built from the Ground Up

The success that ReliaQuest has seen would not be possible without the people who make the organization possible. That is why ReliaQuest believes in hiring talented individuals and training them from the ground up so that they can deliver the best services available.

ReliaQuest supports a comprehensive development program known as ReliaQuest University (RQU), which trains each of their employees to maximize their full potential. They believe that an organization runs best when everyone is on the same page. This means they strive to teach each of their employees the goals of the company.

They also teach the professional and procedural standards to get them there, and the full extent of their technology. Each employee then understands how their technology works and how it is changing the ease of cyber security.

The RQU program encourages employees to openly communicate with one another so that ideas and decisions are made by everyone on the team. After all, if an organization is as strong as its employees, having all your employees on the same page and working at the same level of understanding is key to a successful organization.

reliaquest, brian murphy quoted
ReliaQuest’s bold presence in the cyber security market is due in no small part to its talent.

How ReliaQuest Is Creating a Bold Impact on Cyber Security

While there are other cyber security programs that keep data safe, there are few that focus on prevention as much as ReliaQuest’s model does. ReliaQuest uses their rqAWARE and rqCONTENT technologies to seek out any potential threats, notify your team of the threats, and provide visibly useful insights to allow your team to prevent corporate espionage before it even happens. In other words, ReliaQuest identifies any weak spots that hackers can attack and informs your business so that you can fix these vulnerabilities as soon as they are discovered. And thanks to their other technologies, ReliaQuest is able to pinpoint and display your organization’s most relevant threats. After all, no two organizations operate the same or maintain the same data.

reliaquest quote
The growing number of data breaches has made companies like ReliaQuest vital.

Therefore, ReliaQuest identifies which data is most important to your organization. It’s also able to understand which threats are most concerning to your business. If any threats are found, ReliaQuest displays these threats and outlines the steps needed to fix these issues.

Today, an increasing number of organizations are storing customer information and private data. Unfortunately, as technology advances, the means by which private information can be breached is also advancing at a similar rate. And likewise, the amount of damage that can be done with stolen data is increasing at an alarming rate. ReliaQuest helps your organization prevent these damages as soon as the system identify them. This is why ReliaQuest is creating a bold impact on the industry of cyber security.

The Ride-Sharing Services Industry Is Responding to Shifting Consumer Mobility Needs

Carpooling and ride-sharing is not a modern concept. The concept of sharing a ride with other people going to the same destination dates as far back as the invention of the automobile. The 1970s were marked as the height of ride-sharing popularity in the United States. With a global energy crisis, the government was prompted to implement the Emergency Highway Conservation Act in 1974. Under this act, motorists were encouraged carpool. Additionally, several ride-sharing projects were also funded by the government. Noting Zipcar as a pioneer in the carsharing economy, we can see that there is a resurgence of carpooling nowadays, especially as ride-sharing services like Uber and Lyft grow in popularity and usage.

With continually shifting consumer mobility needs, it’s worth keeping tabs on the developments in this space.

a photo quote of Lilija Rudis on the reality of ride-sharing services
Lilija Rudis comments on the value that ride-sharing services provide the commuting public.

What’s Up with Uber and Lyft?

Uber and Lyft currently dominate the ride-sharing services sphere as both companies are working on going public within the first half of 2019.

With a valuation of $72 billion in 2018, Uber’s core ride-hailing business has expanded over the years. The company provides its subscribers peer-to-peer ride option via UberPop, ride-sharing via UberPool, food delivery via UberEats, and various luxury vehicle options including a chopper ride service in Dubai. In April 2018, Uber acquired Jump, which extends their ride-sharing services to include dockless bikes. A fleet of autonomous vehicles is also being developed in collaboration with Toyota. With a massive of $500 million funding, the car manufacturer aims to further advance future mobility through a partnership with Uber.

Likewise, Lyft has had a great ride as well. With about 1.1 million drivers and 18.6 million active riders, the ride-sharing services company closed the year 2018 with total revenue of $2.16 billion. Six years since its founding in 2012, Lyft is ready to go public. With 30 million shares up for sale, the ride-hailing app is expected to raise its value to $20 billion. Like Uber, Lyft has been collaborating with other companies to expand their services. For starters, the company has ventured into the food delivery service zone. In the driverless car area, Lyft collaborated with Waymo to add autonomous vehicles in their fleet. Lastly, the acquisition of Motivate—the bike-share leader in North America—was recently sealed.

a photo of two phones that have the app of Uber and Lyft open on their screens, and behind the phones is an image of a highway of cars amid the reality of the rise of ride-sharing services
Uber and Lyft are currently dominating the ride-sharing services sector.

Up-and-Coming Ride-Sharing Services Around the Globe

Experts predict that 68 percent of the population will live within urban regions by the year 2050. Nowadays, cities are already beginning to feel the challenges, such as mind-numbing traffic, dwindling physical spaces, and the growing clamor for a more efficient mass transport system, to name a few.

  1. Juno is a ride-sharing services company currently operating exclusively in New York City. This company’s mantra states, “Juno treats drivers better. Drivers treat you better.” True to this promise, Juno takes only 10 percent of the drivers’ wages compared to other ride-hailing apps.
  2. Bolt is a ride-sharing services company launched in Estonia in 2013. Bolt—formerly known as Taxify—is now ranked as Europe’s biggest ride-sharing services platform. Currently, Bolt has 10 million passengers and 500,000 drivers across 25 countries.
  3. DiDi Chuxing or “DiDi” is China’s top ride-sharing services provider. Valued at $50 billion, DiDi is a behemoth providing a wide range of transportation and commuting options to 400 cities in China. The application is packed with options for its 300 million users including taxi, private car, ride-sharing, chauffeur services, bus, car rental, and business solutions.
  4. Ola is India’s answer to the growing need for secure and safe rides. With recent investments, Ola is now valued at $6 billion and has been eyeing to conquer the international market.
  5. Grab is a Singapore-based ride-sharing services company offering ride-hailing, ride-sharing, food delivery, and logistics services. Its services have expanded to neighboring countries such as Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar and Cambodia.
a photo quote of Robin Chase on Zipcar and its relation to the reality of ride-sharing services
Zipcar is a pioneer in the ride-sharing services sector.

The Rise of Aggregators amidst the Ride-Sharing Boom

Without a doubt, the growing number of companies within the ride-sharing space affirms that the industry is robust and thriving. This case is welcome news for the commuting public. With more players in the market, consumers get to choose the ride-sharing services that work for them.

However, accessing numerous apps can be tedious and time-consuming. Ride aggregator apps offer value by being the “Trivago” of ride-sharing services. Ride aggregator companies are revolutionizing transit by giving consumers the power to compare rates, check the availability of rides and choose from a range of transportation options by using just one application.

Finally, Whipster, a Tampa-based ride-sharing aggregator, is also an active player in this transit revolution. With Whipster, transportation need not be complicated. Operating in 400 cities across the U.S. and Canada, the ride-sharing services app allows users to get real-time fare estimates, to know when a vendor is surging and by how much, and to access the list of driver ETAs and availability. While it provides ease, convenience, and options to the commuting public, Whipster is also enabling up-and-coming vendors to compete with already-established ones.

Whipster requires two hands to use
Whipster is one of a few ride-sharing services.

Keeping Up With the Ride-Sharing Services Business

Obviously, with over 245 global ride-sharing service providers, the ride-sharing space as an industry has tremendous potentials. The cumulative revenue is also promising. In 2016, the total industry gross revenue reached around $36 billion. This number is expected to reach $285 by 2030.

With more ride-sharing companies joining the arena and new business models being developed concurrently, the ride-sharing services space is an industry to watch out for.

Brian Murphy From ReliaQuest: Disrupting The Cyber Security Market