These are the top SaaS companies in Ottawa, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Ottawa by featuring these 82 companies with combined revenues of $1.7B.
Together, Ottawa SaaS companies employ over 17K employees, have raised $911.8M capital, and serve over 15M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Shopify is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.
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 alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis's S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in the North America, Europe, and Asia-Pacific regions.
Better software means better projects. Deltek delivers software and information solutions that enable superior levels of project intelligence, management and collaboration.
Assent specializes in IT solutions that help organizations with their compliance strategies. These solutions are developed and executed through an open dialog between their clients, environmental consultants, their IT developers and their operations department. Their solutions are comprehensive, customizable and affordable with customer service being a core focus. Their clients range from mid size to fortune 500 with offices in Canada, the United States and the UK.
Pythian is an IT service company that specializes in optimizing and managing mission-critical data systems.
Innovation Intelligence Software
The Eclipse Foundation is an independent, not-for-profit corporation that acts as a steward of the Eclipse open source software development community.
Provider of a data-driven security platform designed to capture and audit video and transnational data to proactively reduce fraud. The company's data-driven security platform automatically matches in-store transactions to video and analyzes the data to identify suspicious events, enabling users to access all the stores remotely, search for incidents and quickly share evidences through cloud.
Email Marketing Software
Enabling People's Creativity
Provider of world's leading businesses with transformational cloud solutions. The company's social and mobile technologies deliver solutions to exceed business goals.
Digital Analytics Software
Klipfolio Inc., is a Canadian software company founded in 2001 and headquartered in Ottawa, Ontario.
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.