ServiceTitan

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ServiceTitan, Inc.
Company typePublic
Nasdaq: TTAN
Industry
Founded2007; 18 years ago (2007)
Founders
  • Ara Mahdessian
  • Vahe Kuzoyan
HeadquartersGlendale, California, US
Key people
  • Ara Mahdessian (CEO)
  • Vahe Kuzoyan (president)
ServicesEnterprise software
RevenueIncrease US$614 million (2024)[1]
Negative increase US$−195 million (2024)[1]
Number of employees
2,870 (2024)[2]
Websiteservicetitan.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.

History

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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. and Index Ventures.[10]

Acquisitions and partnerships

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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]

Products and services

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In 2025, ServiceTitan announced new AI-powered tools for contractors.[21]

References

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  1. ^ a b Lipschultz, Bailey; Roof, Katie; Gould, Ryan (November 18, 2024). "Software Startup ServiceTitan Discloses Loss in IPO Filing". Bloomberg News.
  2. ^ a b 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. Archived from the original on January 24, 2023.
  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. ^ Nieva, Richard; Konrad, Alex (December 12, 2024). "ServiceTitan Quiets The Doubters, With Shares Up 42% In Rare 2024 Tech IPO". Forbes.
  11. ^ a b 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. ^ "ServiceTitan launches Atlas AI sidekick to automate contractor operations". SiliconANGLE. September 18, 2025. Retrieved September 30, 2025.
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* Official website