Top SaaS Companies in Montreal

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

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 93 companies with combined revenues of $385.0M.

Together, Montreal SaaS companies employ over 7K employees, have raised $0.0 capital, and serve over 4M customers around the world.

$0 - $1M ARR
  1. Idilia $872.3K
  2. Opslock $866.8K
  3. Delpha $762.8K
  4. Nexalogy $614.8K
$1M - $5M ARR
  1. Plusgrade $3.9M
  2. Mediaclip $3.9M
  3. Planbox $3.7M
  4. mnubo $3.5M
$5M - $10M ARR
  1. SodaPDF $7.8M
  2. Big Bang $7.8M
$10M+ ARR
  1. Kounta $69.9M
  2. AlayaCare $28.4M
  3. Nakisa $24.0M
  4. Rideau $22.4M
  1. 01
    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

    Montreal

  2. 02
    Kounta

    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

    Montreal

  3. 03
    AlayaCare

    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

    395

    2014

    Montreal

  4. 04
    Nakisa

    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

    268

    1990

    Montreal

  5. 05
    Rideau

    Rideau

    Human Resources Software

    Rideau builds meaningful relationships with personalized and creative recognition solutions.

    $22M

    457

    1912

    Montreal

  6. 06
    Fresche Solutions

    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 Suit

    $12M

    $18M

    22K

    366

    1976

    Montreal

  7. 07
    SodaPDF

    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

    90

    2010

    Montreal

  8. 08
    Big Bang

    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

    $8M

    $825K

    131

    2014

    Montreal

  9. 09
    eXplorance

    eXplorance

    Enterprise Software

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

    $8M

    233

    2004

    Montreal

  10. 10
    MULTILEARNING

    MULTILEARNING

    E-Learning Software

    MULTILEARNING LMS & Apps are used for: Virtual Events, On-Demand Video SaaS Solution & e-Learning for Professional Development

    $6M

    91

    2000

    Montreal

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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.