New Initiative Connects Contractors with Talent, Addressing the Skilled Trades Labor Gap NationwideLOS ANGELES, Oct. 07, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (Nasdaq: TTAN), the software platform that powers the trades, is bringing additional job opportunities and skills programs to contractors by connecting them with The Home Depot’s Path to Pro program. This initiative provides ServiceTitan customers access to a robust pipeline of skilled tradespeople while offering aspiring professionals streamlined pat ...

LOS ANGELES, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Aspire Software, a ServiceTitan company and leading software provider for field service businesses, released its 2026 Commercial Landscape Industry Report, highlighting current market conditions, emerging trends, and contractor priorities shaping the year ahead. The report surveyed over 1,000 commercial landscaping business owners and executives, and the study highlights how contractors are navigating ongoing labor shortages, economic pressures, and rising cost ...

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Core Insights - 57% of commercial contractors spend nearly half of their time on non-selling activities, indicating a significant opportunity loss for performance improvement and growth [1] - The report emphasizes the importance of integrating AI with CRM systems to enhance efficiency and drive revenue growth [2] Sales and Marketing Challenges - 44% of businesses experience sales cycles of four months or longer, with 10% having cycles of 4-6 months, 11% of 7-12 months, and 23% exceeding 12 months, leading to difficulties in generating new leads [3] - 71% of businesses rely on referrals and repeat business from existing customers, and 71% also depend on paid advertising as key revenue sources [4] Account Management and CRM Insights - 63% of businesses have a clear, structured approach to account ownership, while 37% operate on an ad hoc basis, indicating a gap in account management [5] - Despite 78% adoption of CRMs, only 41% of contractors report satisfaction, with 37% citing a lack of industry-specific features as a primary challenge [6] AI Adoption and Efficiency - Only 29% of respondents currently use AI in sales processes, with applications focused on sales content creation (58%), lead scoring (43%), and automating CRM data entry (43%) [7] - Higher-performing businesses are more likely to adopt AI, which can enhance efficiency and reduce overhead work [7]

LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (Nasdaq: TTAN), the software platform that powers the trades, today released its 2025 Consumer Trends in the Trades Report, developed in collaboration with Synchrony and Visa. The report analyzes evolving homeowner preferences and spending behaviors across key demographics, providing actionable insights that contractors can use to help grow their business, elevate customer satisfaction, and build long-term loyalty. “Residential contractors are con ...

Core Insights - The 2025 Consumer Trends in the Trades Report by ServiceTitan highlights the need for contractors to adapt to rising consumer expectations regarding convenience, payment options, and brand trust to enhance business growth and customer loyalty [1][6]. Group 1: Consumer Expectations - Homeowners are increasingly demanding a five-star experience, which includes brand presence, digital convenience, and flexible payment options [4][5]. - Communication preferences are shifting, with homeowners wanting options such as phone calls, text messages, and real-time job updates [2][5]. Group 2: Payment Trends - The use of checks for home-service payments has significantly declined from 59% in 2015 to 36% in 2024, indicating a shift towards modern payment methods [4]. - 94% of home service customers now own a credit card, and 90% use them regularly, with younger consumers favoring online payments and SMS-based invoicing [5]. Group 3: Demographic Insights - Women are the primary decision-makers in 65% of remodeling projects in the U.S., emphasizing the importance of trust, branding, and clear pricing options [5]. - Households earning over $100K annually are more likely to invest in home improvements, presenting growth opportunities for contractors [5]. - The next generation of homeowners is more diverse, with 48% of Gen Z customers identifying as non-white, which is projected to influence future homeownership trends [5]. Group 4: Digital Engagement - 80% of homeowners start their search for contractors online, yet many express dissatisfaction with the availability of trustworthy reviews and financing information [5]. - Contractors offering financing options see 12% higher close rates and 13% higher average ticket sizes, highlighting the importance of flexible payment solutions [5].

Group 1 - ServiceTitan, Inc. (NASDAQ:TTAN) is recognized as one of the most promising new technology stocks to buy according to hedge funds [1] - The company announced a collaboration with Verisk to integrate its Xactimate property claims software with the ServiceTitan platform [1][2] - The integration specifically targets trades businesses, particularly in roofing and exteriors, to enhance the speed and accuracy of insurance estimates [2] Group 2 - The integration aims to reduce manual data entry and avoid rework, thereby improving efficiency for contractors [2][3] - Once completed, contractors will be able to transfer estimated data from ServiceTitan into Xactimate for review and validation, with finalized claims data syncing back into ServiceTitan [3] - ServiceTitan is a cloud-based software platform that assists contractors in managing key business workflows such as scheduling, dispatching, estimating, invoicing, and payment processing [4]

ServiceTitan Inc. (NASDAQ:TTAN) is one of the AI Stocks Every Investor Should Watch. On September 19, Piper Sandler analyst Brent Bracelin reiterated an Overweight rating on the stock with a $155.00 price target driven by the company’s expanding market reach and artificial intelligence opportunities. Analysts at the firm deem Service Titan to be one of their favorite vertical growth stocks with the potential to become a long-term AI-driven winner. ServiceTitan’s annual Pantheon event was particularly des ...

Core Insights - ServiceTitan is collaborating with Verisk to integrate Verisk's Xactimate solution for property claims management with the ServiceTitan platform, aimed at enhancing efficiency for contractors in the roofing and exterior trades [1][2] - The integration will allow contractors to create and submit insurance-ready estimates more quickly, reducing manual data entry and improving operational reliability from inspection to invoicing [1][2] - This partnership reflects ServiceTitan's commitment to providing a comprehensive operating system for trades, enhancing accuracy, reducing delays, and protecting profit margins in insurance-driven work [3] Company Overview - ServiceTitan is a cloud-based software platform designed to empower trades businesses with tools for operational management, customer experience, and business growth [5] - The collaboration with Verisk is part of ServiceTitan's strategy to bridge technology gaps in the industry, particularly for contractors dealing with complex insurance claims [3][5]

LOS ANGELES, Sept. 24, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (Nasdaq: TTAN), the software platform that powers the trades, unveiled a series of new product announcements last week at Pantheon 2025 designed to help contractors deliver better outcomes for their businesses and their customers. The new capabilities span automation, AI, financial tools, innovations in commercial service, improvements in construction management, and the launch of a brand new CRM experience, reflecting ServiceTitan’s continued inv ...