Top SaaS Companies in Canada

List of the largest SaaS companies in Canada (Click to apply)

These are the top SaaS companies in Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Canada by featuring these 1,413 companies with combined revenues of $10.3B.

Together, Canada SaaS companies employ over 95K employees, have raised $1.0B capital, and serve over 2B customers around the world.

$0 - $1M ARR
  1. Willful $1.0M
  2. MedStack $1.0M
  3. Keatext $996.0K
$1M - $5M ARR
  1. Taplytics $4.9M
  2. Lumen5 $4.8M
$5M - $10M ARR
  1. Voices.com $10.0M
  2. Introhive $10.0M
  3. HighRoads $9.9M
  4. Nureva $9.8M
$10M+ ARR
  1. Njoyn $250.0M
  2. Kinaxis $224.2M
  3. LoyaltyOne $201.6M
  1. 01
    Constellation Software

    Constellation Software

    Enterprise Software

    Constellation Software is a provider of software and services. It serves both in the public and private sectors. It was founded in 1995 and is headquartered in Toronto, Canada. The company acquires, manages and builds industry specific software businesses

    $4B

    $49M

    125K

    243

    1997

    Canada

  2. 02
    Descartes-Systems Group

    Descartes-Systems Group

    Distribution Software

    The Descartes Systems Group Inc. Descartes is perhaps best known for its abrupt and unexpected turnaround in the mid-2000s after coming close to bankruptcy in the wake of the dot-com bubble collapse.

    $326M

    13K

    1K

    1981

    Canada

  3. 03
    Njoyn

    Njoyn

    Talent Management Software

    An applicant tracking system hosted, developed and supported in Canada. Njoyn is a leading ATS that automates and simplifies your recruitment processes.

    $250M

    1K

    2001

    Canada

  4. 04
    Kinaxis

    Kinaxis

    Supply Chain & Logistics Software

    Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm's flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerti

    $224M

    $33M

    1K

    1984

    Canada

  5. 05
    LoyaltyOne

    LoyaltyOne

    Advertising Software

    LoyaltyOne, Inc. is a global provider of loyalty marketing and programs to enterprises in the retail, financial services

    $202M

    1K

    3K

    1991

    Canada

  6. 06
    Avature

    Avature

    Information Technology Software

    Provider of an SaaS-based global talent acquisition and management platform intended to meet the recruiting challenges of clients. The company's SaaS-based global talent acquisition and management platform automates HR initiatives and offers talent engagem

    $170M

    650

    14K

    2009

    Canada

  7. 07
    Hootsuite

    Hootsuite

    Digital Advertising Platforms

    Hootsuite is a social media management platform, created by Ryan Holmes in 2008.|Hootsuite is a social media management platform, created by Ryan Holmes in 2008.

    $150M

    $300M

    16M

    1K

    2008

    Canada

  8. 08
    PointClickCare

    PointClickCare

    Healthcare Software

    PointClickCare helps LTPAC providers gain the confidence they need to navigate the new realities of value-based healthcare.

    $125M

    $235M

    2K

    1K

    2000

    Canada

  9. 09
    Lightspeed-HQ

    Lightspeed-HQ

    E-Commerce Software

    Lightspeed is a point-of-sale and e-commerce software provider based in Montreal, Quebec.

    $121M

    $2M

    34K

    251

    2005

    Canada

  10. 10
    Syntax Systems

    Syntax Systems

    Erp Software

    Syntax Systems is a provider of technology services for businesses in North America. The company offers enterprise resources planning software, infrastructure and cloud-based services to its customers. It was founded in 1972 and is headquartered in Montrea

    $108M

    1K

    1972

    Canada

1-10 of 1,413

Next

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.