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List of the largest SaaS companies in Calgary, Canada

Top SaaS Companies in Calgary

These are the top SaaS companies in Calgary, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Calgary by featuring these 64 companies with combined revenues of $116.8M.

Together, Calgary SaaS companies employ over 2K employees, have raised $71.8M capital, and serve over 18M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$50M
$20M
2M
251
1996
United States
02
S
Solium

Financial Services Software

Solium Capital was a financial services company that used to provide cloud-enabled services for global equity administration, financial reporting and compliance. It specialized in stock option administration, restricted stock administration, ESPP administration, ESOP plans, equity compensation, share purchase plans, profit sharing and expense accounting as well. The company was founded in 1999 and was headquartered in Calgary, Canada.

$10M
-
-
162
1999
Canada
03
K
Kidoodle

Education Software

Provider of an online video streaming platform for children. The company offers unlimited streaming of the very best children's TV shows, movies and educational programming.

$4M
$15M
-
52
2012
Canada
04
A
Activedemand

Marketing Software

Marketing Automation

$4M
-
500
25
2012
Canada
05
CIPHR
CIPHR

Payroll Software

Developer and provider of human capital management software. The company develops human capital management software under the brand name CIPHR which is used for personnel management , employee training administration, absence recognition and management and other such human resource related purposes.

$3M
-
-
153
1982
Canada
06
SD
Spira-Data

Construction Software

Spira ORP is a cloud-based operation software that eliminates delays, drives efficiencyand makes businesses more profitable by allowing them to connect the field to the office. With offline capabilities, Spira ORP allows for data sharing for oilfield s...

$3M
-
-
22
2004
Canada
07
JBR
Just Business Results

Analytics Software

Just Business Results provides SAAS solutions for vendor management along with analytics, process control and marketplace.

$3M
-
-
35
2008
Canada
08
TSI
Tesera Systems Inc.

Cloud Data Services Software

Tesera Systems provides a high resolution forest inventory landscape auto-classification machine learning solution with global application.

$2M
$759K
-
31
1997
Canada
09
K
Keyworks

Cyber Security Software

Keyworks is a fast-growing GRC/Cyber Security and Engineering firm developing custom and SaaS-based risk management solutions.

$2M
$1M
-
42
2014
Canada
10
A
Activeconversion

Sales Software

Make advertising for b2b companies

$2M
-
200
14
2007
Canada
1 - 10 of 64Next

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.