Top SaaS Companies in Queensland

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

These are the top SaaS companies in Queensland, Australia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Queensland by featuring these 42 companies with combined revenues of $67.6M.

Together, Queensland SaaS companies employ over 1K employees, have raised $29.0M capital, and serve over 30K customers around the world.

$0 - $1M ARR
  1. NXT Form $935.9K
  2. Euclideon $823.7K
  3. atmail $720.6K
  4. elvanto $606.5K
  5. OfficeMaps $585.3K
$1M - $5M ARR
  1. intelliHR $3.4M
  2. Shorthand $3.2M
  3. Reekoh $3.1M
  4. ReNet $2.3M
  5. Emantra $2.1M
$5M - $10M ARR
  1. Ivvy $10.0M
$10M+ ARR
  1. Go1 $23.8M
  1. 01
    Go1

    Go1

    Talent Management Software

    GO1 provides a platform that allows companies to upscale their workforce with on-demand training and a dynamic content-driven platform for companies that are Open to Learn. The funding follows an integration with Microsoft Teams, which enables organization

    $24M

    $284M

    3K

    309

    2015

    Queensland

  2. 02
    Ivvy

    Ivvy

    Enterprise software, connection & distribution engine for meetings & events

    $10M

    $5M

    25K

    65

    2009

    Queensland

  3. 03
    intelliHR

    intelliHR

    Analytics Software

    intelliHR is an cloud-based people management and intuitive data analytics software that is enhancing productivity, and corporate culture.

    $3M

    $17M

    0

    71

    2013

    Queensland

  4. 04
    Shorthand

    Shorthand

    Content Marketing Software

    Shorthand is the platform used by iconic news and brand publishers for creating immersive reading experiences. We enable publishing, commercial, marketing and communications teams to publish premium look-and-feel content in hours not weeks and with fewer r

    $3M

    $7M

    431

    20

    2013

    Queensland

  5. 05
    Reekoh

    Reekoh

    Information Technology Software

    Reekoh is an award-winning Industrial Integration Cloud, bringing together data from Physical (IIoT/OT) and Application (IT/Open ) sources.

    $3M

    0

    41

    2015

    Queensland

  6. 06
    ReNet

    ReNet

    Real Estate Software

    ReNet builds software that real estate agents/brokers love.

    $2M

    0

    38

    2001

    Queensland

  7. 07
    Emantra

    Emantra

    Advice Software

    Emantra is a full-service provider of private hosting & cloud services, manages networks and storage and operates IaaS, PaaS and SaaS.

    $2M

    0

    45

    2005

    Queensland

  8. 08
    E7

    E7

    Computer Software

    E7 is the field-based construction delivery platform, connecting project leaders with real-time insights.

    $2M

    0

    23

    2009

    Queensland

  9. 09
    RecruitOnline

    RecruitOnline

    Information Technology Software

    RecruitOnline provides a cloud based SaaS 360°end-to-end integrated recruitment business management system.

    $1M

    0

    24

    2000

    Queensland

  10. 10
    Askable - Find User Testing Participants

    Askable - Find User Testing Participants

    Talent Management Software

    The "Uber" for user testing

    $1M

    0

    30

    2016

    Queensland

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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.