NEW YORK — Inc. magazine has revealed that ServiceTitan is No. 59 on its inaugural Inc. 5000 Series: California list, a 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.
"The companies on this list demonstrate just how much the business sector impacts California's economy," said 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).
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