Top SaaS Companies in Sydney

List of the largest SaaS companies in Sydney, Australia (Click to apply)

These are the top SaaS companies in Sydney, Australia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Sydney by featuring these 107 companies with combined revenues of $2.3B.

Together, Sydney SaaS companies employ over 11K employees, have raised $13.5M capital, and serve over 150M customers around the world.

$0 - $1M ARR
  1. GradVantage $993.0K
  2. SkedGo $971.8K
  3. CTARS $949.6K
  4. Evenergi $941.7K
$1M - $5M ARR
  1. Oneflare $4.7M
  2. ipSCAPE $4.6M
  3. JobAdder $4.6M
  4. Faethm $4.5M
  5. maria $4.5M
$5M - $10M ARR
  1. Contents $9.1M
  2. Ansarada $7.8M
  3. Enboarder $6.4M
$10M+ ARR
  1. Atlassian $1.6B
  2. THE ICONIC $370.5M
  3. Infomedia $27.7M
  1. 01
    Atlassian

    Atlassian

    Collaboration & Productivity Software

    Atlassian provides collaboration, development, and issue tracking software for teams.

    $2B

    $210M

    174K

    6K

    2002

    Sydney

  2. 02
    THE ICONIC

    THE ICONIC

    Retail Software

    Operator of an online fashion platform created to sell clothing and accessories for men, women and children. The company's online fashion platform stocks fashion clothing and luxury goods, enabling shoppers to find apparel and fashion items.

    $371M

    $44M

    150M

    735

    2011

    Sydney

  3. 03
    Ascender Group

    Ascender Group

    HR Software

    Ascender Group is a provider of payroll service intended to deliver human capital management services. The company offers consolidated reporting in the currency and language. It provides tailored services that are fully managed enabling clients to tackle v

    $100M

    $100M

    768

    2003

    Sydney

  4. 04
    Employment Hero

    Employment Hero

    Talent Management Software

    Employment Hero operates as an online human resource platform for small and medium-sized businesses. Its cloud-based HR platform combines HR software, financial services, scheduling, and payroll tools, as well as employee benefits, providing growing compan

    $53M

    $163M

    291

    2014

    Sydney

  5. 05
    Infomedia

    Infomedia

    Vertical Industry Software

    Global leaders in parts, service and data software for the automotive industry. Used by over 170,000 users in 185 countries and 29 languages.

    $28M

    308

    1987

    Sydney

  6. 06
    Task

    Task

    Casino Software

    Task provides Saas-based customizable transaction management software solutions for restaurants, casinos and foodservice operations.

    $10M

    156

    2000

    Sydney

  7. 07
    Humanforce

    Humanforce

    Development Software

    Provider of workforce management solutions intended to manage and engage employees. The company offers management solutions for contingent workforces that includes HR, time, attendance, rostering, employee availability and payroll data solutions via its we

    $10M

    $29M

    2K

    129

    2002

    Sydney

  8. 08
    Contents

    Contents

    Contents.com is a tech company that developed an artificial intelligence platform based on a perfect cycle of interaction between data analysis and machine learning systems that makes access to data easier for everyone. Contents.com provides solutions fo

    $9M

    $14M

    107

    2017

    Sydney

  9. 09
    OneVue Holdings (ASX: OVH)

    OneVue Holdings (ASX: OVH)

    Financial Services Software

    Provider of a wealth management platform. The company provides a wealth management platform for users to manage their investments digitally while focusing superannuation.

    $8M

    110

    2004

    Sydney

  10. 10
    Ansarada

    Ansarada

    Database Software

    Provider of a virtual data room intended to offer information on mergers and acquisitions. The company's platform uses artificial intelligence and machine learning to simplify event execution and builds streamline preparation for material events and connec

    $8M

    $19M

    139

    2005

    Sydney

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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.