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List of the largest SaaS companies in Montreal, Canada

Top SaaS Companies in Montreal

These are the top SaaS companies in Montreal, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Montreal by featuring these 102 companies with combined revenues of $508.8M.

Together, Montreal SaaS companies employ over 8K employees, have raised $1.2B capital, and serve over 4M customers around the world.

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Highlights

02
SS
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 Montreal, Canada.

$108M
-
-
1K
1972
Canada
03
K
Kounta

Cloud-Based Software

Developer of point-of-sale software, based in Sydney, Australia. The company engages in providing cloud-based point-of-sale solutions to the small and medium-sized businesses operating within the hospitality industry.

$70M
-
-
2K
2012
Canada
04
AC
AlayaCare

Health Care Software

AlayaCare is a start-up that delivers an end-to-end home health care software platform and hardware ecosystem.

$28M
$218M
500
388
2014
Canada
05
N
Nakisa

Real Estate Software

Nakisa is a global leader in organizational design and lease accounting software and services. We develop innovative, robust and forward-thinking software solutions that help businesses achieve their objectives.

$24M
-
4M
267
1990
Canada
06
R
Rideau

Human Resources Software

Rideau builds meaningful relationships with personalized and creative recognition solutions.

$22M
-
-
457
1912
Canada
07
FS
Fresche Solutions

Web Management Software

Fresche Solutions is a developer of business productivity software. The company offers enterprise development technology, web application development, business intelligence and information technology services. Its product portfolio includes X-Analysis Suite, Newlook Suite, Quadrant software products, BCD products, Speedware products and iModernize. The services portfolio, on the other hand, includes GUI, web and mobile, analysis and productivity tools, staffing and application services, code and database modernization, IT strategy services, reporting and document distribution, web and mobile development and training. Fresche was founded in 1976 and is headquartered in Montreal, Canada. The company seeks to expand its business portfolio through mergers and acquisitions.

$12M
$18M
22K
366
1976
Canada
08
SPDF
SodaPDF

Document Management

Meet the very first fully functional desktop AND online PDF solution. With Soda PDF Anywhere, users can access features on any device with a web browser, including laptops, smartphones, and tablets. It’s designed to accommodate busy lifestyles, offerin...

$8M
-
-
87
2010
Canada
09
BB
Big Bang

Business Intelligence Software

Operator of a consulting firm intended to provide an array of cloud based applications to solve real business needs. The company's firm offers a comprehensive suite of industry-leading business management cloud-based tools to solve a multitude of business problems, enabling companies to become more efficient by optimizing and automating their business processes by implementing and customizing cutting-edge cloud applications.

$8M
$825K
-
131
2014
Canada
10
eX
eXplorance

Enterprise Software

EXplorance is a privately held corporation based in Montreal, Canada.

$8M
-
-
233
2004
Canada
1 - 10 of 100Next

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.