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List of the largest SaaS companies in Armenia

Top SaaS Companies in Armenia

These are the top SaaS companies in Armenia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Armenia by featuring these 6 companies with combined revenues of $4.9M.

Together, Armenia SaaS companies employ over 90 employees, have raised $0 capital, and serve over 100 customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
I
Incredo

Software As A Service Platform(Saas)

If -you are a SaaS founder, CEO or marketing manager, -your SaaS company doesn't have a solid sales funnel, lead generation or customer acquisition strategy or -you want to take your SaaS to new heights with content marketing and SEO, welcome to Incredo!

$1M
-
100
14
2014
Armenia
03
i
ioneex

Customer Service Software

$169K
-
-
2
2018
Armenia
04
MT
MemTalk

Software as a Service Platform(SaaS)

$129K
-
-
2
2018
Armenia
05
I
Inapptics

Analytics Software

Provider of a mobile analytics platform designed to visually analyze actual user behavior and improve applications. The company's mobile analytics platform uses SDK integration through a single line of code, enabling mobile application developers, UX designers, product managers and marketers analyze user behavior and understand how people use applications.

$52K
-
-
1
2016
Armenia
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What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.