ServiceTitan, a leading software platform dedicated to empowering trades businesses, announced today its definitive agreement to acquire Convex, a prominent sales and marketing platform tailored for the commercial services sector. This strategic move aims to amalgamate the strengths of both entities to provide commercial enterprises with a comprehensive solution, facilitating profitable growth from initial outreach to invoicing.ServiceTitan’s CEO and co-founder, Ara Mahdessian, emphasized the company’s commitment to delivering purpose-built software with a focus on driving tangible ROI for commercial services. The acquisition aligns with ServiceTitan’s mission to offer robust technology solutions that resonate with the industrious nature of commercial businesses.Founded in 2017, Convex has been instrumental in modernizing the commercial services industry by leveraging data-driven approaches to enhance revenue generation strategies. Through Convex’s platform, businesses gain access to comprehensive market insights, enabling them to identify high-value opportunities, engage with customers effectively, and manage revenue teams efficiently.Charlie Warren, CEO and co-founder of Convex, expressed enthusiasm about the partnership, highlighting the synergies between the two companies in empowering contractors to thrive in competitive markets. The collaboration aims to elevate the end-to-end customer experience in the commercial sector, fostering sustainable growth for businesses.ServiceTitan’s recent market report on the Commercial Service Industry underscored the challenges facing businesses, with a significant portion experiencing stagnant or declining revenue. However, Convex’s contributions in 2023 resulted in substantial incremental growth for its customers, demonstrating the efficacy of its platform in delivering remarkable ROI.The acquisition represents a strategic investment in enhancing Convex’s platform to deliver greater value to commercial contractors. Charlie Warren will continue to serve as Convex CEO, ensuring a seamless transition and integration of the platform.About ServiceTitanServiceTitan is a cloud-based software platform tailored for trades businesses, offering end-to-end solutions to streamline operations and enhance customer experiences.About ConvexConvex is a leading sales and marketing platform for the commercial services industry, leveraging AI-powered insights to drive revenue growth.
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By Proptechbuzz
By Ravi Kumar
