ServiceTitan Announces Acquisition of Convex

LOS ANGELES (April 2, 2024) — ServiceTitan, a software platform built to power the trades, announced that it has entered into a definitive agreement to acquire Convex, a sales and marketing platform purpose-built for the commercial services industry. For years, ServiceTitan and Convex have independently invested significant amounts of capital in building software for commercial contractors, with a deep focus on driving return on investment (ROI) and positive business outcomes for their customers. This new partnership will help deliver an end-to-end solution that enables commercial businesses to grow profitably — from initial outreach to new prospects, through work order execution, invoicing, job costing and more.

Founded in 2017, Convex was built to modernize the commercial services industry with data-driven solutions that increase revenue for contractors by improving their go-to-market strategies and execution.

Convex’s purpose-built platform allows commercial businesses to:

• Plan their growth strategies with one of the most comprehensive views of the market available, including property, contact, business and permit data
• Target high-value opportunities to identify new business and expand existing relationships
• Engage customers at the right time, with the right messaging to win their business
• Manage revenue teams to drive both consistent and predictable growth

Last year, ServiceTitan released a market report on the commercial service industry, providing insights into challenges and opportunities facing the market, as well as strategies businesses are employing by leveraging digital tools to stay competitive. The report surveyed more than 1,000 commercial contractors and found that 70% did not see an increase in revenue and 39% experienced a decrease in their revenue. With this partnership, the impact that ServiceTitan and Convex can jointly enable for commercial services business will increase.

Together, ServiceTitan and Convex will invest in making the Convex platform even better, creating greater value and ROI for commercial contractors. To ensure a seamless transition and integration of the Convex platform, Charlie Warren will continue serving as Convex CEO, and co-founder Blake Meulmester, will continue leading Convex’s product driving forward the joint mission of bringing revenue generation capabilities to all commercial services businesses across the industry.

ServiceTitan’s acquisition of Convex is subject to the satisfaction or waiver of certain closing conditions contained in the definitive agreement.

Visit servicetitan.com and convex.com.