The acquisition brings together providers of underground storage tank (UST) compliance software and services for the fueling industry.
Titan Cloud Software — whose customers include 7-11, Circle K, XPO Logistics, Hertz and other national brands — delivers the industry-standard compliance platform for retail and commercial fuel providers. The company, based near Nashville, Tennessee, has experienced double-digit growth annually since its 2012 launch.
“Merging with JMM Global allows us to bring together two market leaders to create a company that provides best-in-class software and services to an industry that is hungry for innovation, automation and artificial intelligence, along with the high-touch support that we’ve always offered our customers,” said David Freese, president and CEO of Titan Cloud. “With JMM Global on board, we now have even more expertise and increased capabilities to provide our customers with the platinum software support and premium services they need.”
JMM Global, located near Chicago, was founded by Jon Mariñas in 2003.
“I am excited to be part of Titan,” Mariñas said. “JMM has a product set that fits nicely with Titan’s vision, and being a part of the team will allow us to stay committed to our high standard of service and gives us plenty of room to grow.”
The company’s customers include BP North America, Sheetz and Waste Management.
M33 Growth, Titan’s equity investor, led the deal. The acquisition follows a series of Titan Cloud investments into sales and marketing.
Titan Cloud Software provides solutions for environmental compliance, advanced fuel analytics and facility management so clients can manage risk and run efficient, profitable businesses. Titan’s software monitors 50% of all U.S. consumer gasoline throughput and covers more than 65,000 facilities. Working with this network enables Titan to provide its customers with data and analytics to manage risk and fuel profit.
JMM Global is a cloud computing organization that provides environmental compliance management, fuel inventory management, mobile inspection surveys, and 24/7/365 call center services via a comprehensive software platform and service center. JMM Global assists organizations in the retail, government, waste management and fleet industries.