ServiceTitan

Last updated

ServiceTitan, Inc.
Company type Public
Nasdaq:  TTAN
Industry
Founded2007;19 years ago (2007)
Founders
  • Ara Mahdessian
  • Vahe Kuzoyan
Headquarters Glendale, California, US
Key people
  • Ara Mahdessian (CEO)
  • Vahe Kuzoyan (president)
Services Enterprise software
RevenueIncrease2.svg US$614 million (2024) [1]
Increase Negative.svg US$−195 million (2024) [1]
Number of employees
2,870 (2024) [2]
Website servicetitan.com

ServiceTitan, Inc. is an American cloud-based software company headquartered in Glendale, California. It provides customer relationship management (CRM) software for tradespersons, with applications focused on sales, customer service, marketing automation, e-commerce and analytics.

Contents

History

ServiceTitan was founded by Ara Mahdessian and Vahe Kuzoyan in 2007; [3] their cloud-based platform launched in 2012. [2] [4]

In 2019, the company expanded outside the United States, opening an office in Yerevan, Armenia. [5]

ServiceTitan was planning an initial public offering for 2022 before the market for them soured, but continued to work with investment banks Goldman Sachs and Morgan Stanley to prepare for a stock market listing in 2024. [6] Following the 2024 United States presidential election, [7] ServiceTitan filed for an initial public offering with the Securities and Exchange Commission. [8] The company's stock opened on Nasdaq at a price of $71 per share. [9] Prior to the IPO, the company raised $1.4 billion in eight rounds of funding from investors, including Iconiq Capital, Bessemer Venture Partners, TPG Inc., Index Ventures, and Mucker Capital. [10]

Acquisitions and partnerships

In 2021, the company acquired Aspire Software, a company specializing in software for landscapers, [11] and ServicePro, a company specializing in software for pest control and lawn care contractors. [12] [11]

In January 2022, the company acquired FieldRoutes, a mobile-software-as-a-service provider in the lawn care and pest control industry. [13] [14]

In April 2024, the company acquired Convex, a San-Francisco-based sales and marketing platform. [15] [16]

In June 2025, ServiceTitan partnered with ABC Supply Co. Inc. to provide roofing contractors. [17] [18] In September 2025, ServiceTitan acquired Conduit Tech, an HVAC sales and design platform. [19] In the same month, ServiceTitan partnered with Ford Pro to integrate vehicle data and fleet management tools. [20] In October 2025, ServiceTitan partnered with Home Depot's Path to Pro program. [21]

Products and services

In 2025, ServiceTitan announced a new AI-powered tool, Atlas, to assist contractors with operations. [22] [23] [24]

Competition

ServiceTitan has a number of competitors in the roofing tech space.

Competitors include AccuLynx [25] and others.

References

  1. 1 2 Lipschultz, Bailey; Roof, Katie; Gould, Ryan (November 18, 2024). "Software Startup ServiceTitan Discloses Loss in IPO Filing". Bloomberg News .
  2. 1 2 Darmiento, Laurence (December 3, 2024). "Glendale's ServiceTitan seeks to raise $500 million in IPO". Los Angeles Times .
  3. ↑ Krause, Reinhardt. "How ServiceTitan Is Rewiring Skilled Trades For The Digital Age". msn. Retrieved December 1, 2025.
  4. ↑ Konrad, Alex (March 26, 2021). "ServiceTitan, Software Provider For Tradespeople, Reaches $8.3 Billion Valuation" . Forbes .{{cite magazine}}: CS1 maint: deprecated archival service (link)
  5. ↑ "ServiceTitan Announces Office in Armenia". Los Angeles Business Journal . February 21, 2019. Retrieved July 22, 2024.
  6. ↑ Anirban Sen, Milana Vinn (December 19, 2023). "Software startup ServiceTitan prepares for 2024 IPO-sources". Reuters. Retrieved July 22, 2024.
  7. ↑ Ben Bergman (August 29, 2024). "When will ServiceTitan finally go public? Now, executives are waiting until after the election, sources say". Business Insider . Retrieved October 8, 2024.
  8. ↑ "Glendale's blue-collar tech unicorn ServiceTitan files for IPO". Los Angeles Times. November 27, 2024. Retrieved November 26, 2025.
  9. ↑ Connor Hart (November 18, 2024). "ServiceTitan Files for IPO". MarketWatch . Retrieved November 19, 2024.
  10. ↑ Weber, Harri (2024). "ServiceTitan Files for IPO at a Reported $18B Valuation". dot.LA. Retrieved February 6, 2026.
  11. 1 2 Lunden, Ingrid (June 30, 2021). "ServiceTitan acquires Aspire to move into landscaping, raises $200M at a $9.5B valuation". TechCrunch. Retrieved November 26, 2025.
  12. ↑ Sam Dean (June 30, 2021). "A blue-collar tech giant grows in Glendale". Los Angeles Times . Retrieved July 22, 2024.
  13. ↑ Wagner, Ellen (January 4, 2022). "ServiceTitan acquires FieldRoutes". Pest Management Professional. Retrieved November 26, 2025.
  14. ↑ Harbison, Brad (December 13, 2024). "ServiceTitan, Parent Company of FieldRoutes, Launches IPO". PCT. Retrieved November 26, 2025.
  15. ↑ FinSMEs (April 3, 2024). "ServiceTitan Acquires Convex". FinSMEs. Retrieved November 26, 2025.
  16. ↑ "ServiceTitan to Acquire Software Firm Convex | ACHR News". www.achrnews.com. Retrieved November 26, 2025.
  17. ↑ "ServiceTitan Announces Integration with ABC Supply Co. Inc. | Roofing Contractor". www.roofingcontractor.com. Retrieved December 9, 2025.
  18. ↑ Staff, M. D. M. (June 20, 2025). "ABC Supply Syncs with ServiceTitan to Provide Product Data to Contractors". Modern Distribution Management. Retrieved December 9, 2025.
  19. ↑ "ServiceTitan Acquires Conduit Tech". Contracting Business. September 22, 2025. Retrieved November 26, 2025.
  20. ↑ "Ford Pro, ServiceTitan Announce Partnership". pctonline.com. September 10, 2025. Retrieved December 9, 2025.
  21. ↑ "New ServiceTitan–Home Depot Partnership Tackles Labor Gap | Roofing Contractor". www.roofingcontractor.com. Retrieved January 14, 2026.
  22. ↑ "ServiceTitan launches Atlas AI sidekick to automate contractor operations". SiliconANGLE. September 18, 2025. Retrieved September 30, 2025.
  23. ↑ "ServiceTitan Report Finds AI Rapidly Reshaping the Skilled Trades | Roofing Contractor". www.roofingcontractor.com. Retrieved December 18, 2025.
  24. ↑ "ServiceTitan Unveils AI-Powered Tools and Atlas Interface at Pantheon 2025". pctonline.com. September 18, 2025. Retrieved December 18, 2025.
  25. ↑ https://www.acculynx.com/

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