Inc. Magazine Unveils Its First-Ever List of California's Fastest-Growing Private Companies--The Inc. 5000 Series: California
NEW YORK, March 10, 2020 /PRNewswire/ -- Inc. magazine has revealed that ServiceTitan is No. 59 on its inaugural Inc. 5000 Series: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy's most dynamic segment--its independent small businesses.
"This is well-deserved recognition for the hard work and passion that drive the ServiceTitan team every day," said Ara Mahdessian, co-founder and CEO of ServiceTitan. "Our growth is powered by our desire to be better and to continue improving the lives of the residential and commercial service contractors who are out there using ServiceTitan to keep the electricity on and the water running. The dedication and commitment of those contractors will always be our inspiration and the key to our success."
The companies on this list show stunning rates of growth across all industries in California. Between 2016 and 2018, these 250 private companies had an average growth rate of 422 percent and, in 2018 alone, they employed more than 49,000 people and added $5.6 billion to the California economy. Companies based in the largest metro areas--Los Angeles, the Bay Area, and San Diego--brought in the highest revenue overall.
Complete results of the Inc. 5000 Series: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-california-2020.
"The companies on this list demonstrate just how much the business sector impacts California's economy," says Inc. editor in chief Scott Omelianuk. "Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs."
The Inc. 5000 Series: California Summit & Awards event to honor the companies on the list will take place on Tuesday, May 12, 2020, at The LINE Los Angeles (3515 Wilshire Blvd., Los Angeles, California 90010).
ServiceTitan is a software company built to accelerate the home and commercial service industries. Its end-to-end software suite includes CRM, intelligent dispatch, custom reporting, marketing automation, a mobile solution for field techs, and accounting integrations with Sage Intacct and QuickBooks. ServiceTitan raised the largest venture round of a SaaS company in the history of Southern California ($165 million Series D) led by Index Ventures, with participation from Dragoneer and T. Rowe Price and existing investors Battery Ventures, Bessemer Venture Partners and ICONIQ Capital. The company brings a fully operational modern SaaS infrastructure to an industry traditionally underserved by software, making direct and positive impact on the lives of thousands of entrepreneurs and their extended teams. For more information about ServiceTitan, visit https://servicetitan.com/.
CONTACT: Heather Ripley, Ripley PR, (865) 977-1973, hripley@ripleypr.com
More about Inc. and the Inc. 5000 Regional Series
Methodology
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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