Top SaaS Companies in Alberta

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

These are the top SaaS companies in Alberta, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Alberta by featuring these 80 companies with combined revenues of $82.4M.

Together, Alberta SaaS companies employ over 2K employees, have raised $100.0K capital, and serve over 1K customers around the world.

$1M - $5M ARR
  1. Kidoodle $4.0M
  2. CIPHR $3.2M
  3. Oktopost $3.1M
$5M - $10M ARR
  1. Solium $9.6M
$10M+ ARR
    1. 01
      Solium

      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 administr

      $10M

      0

      162

      1999

      Alberta

    2. 02
      Decisive Farming

      Decisive Farming

      Agriculture Software

      Developer of a farm management software designed for crop marketing and precision agronomics. The company's software offers a variable rate technology and precision agronomy services for applications in the areas of fertility, seeding, fungicide and top dr

      $6M

      $7M

      0

      71

      2011

      Alberta

    3. 03
      Kidoodle

      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

      0

      52

      2012

      Alberta

    4. 04
      Activedemand

      Activedemand

      Marketing Software

      Marketing Automation

      $4M

      500

      50

      2012

      Alberta

    5. 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

      $3M

      0

      153

      1982

      Alberta

    6. 06
      Oktopost

      Oktopost

      B2B Marketplace Platforms

      Oktopost is the only social media management platform architected for B2B enterprises. Using Oktopost, B2B marketers can easily publish content, engage with audiences at scale, and measure ROI-positive metrics. With a built-in employee advocacy platform,

      $3M

      $800K

      0

      39

      2013

      Alberta

    7. 07
      Just Business Results

      Just Business Results

      Analytics Software

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

      $3M

      0

      35

      2008

      Alberta

    8. 08
      Keyworks

      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

      0

      42

      2014

      Alberta

    9. 09
      Activeconversion

      Activeconversion

      Sales Software

      Make advertising for b2b companies

      $2M

      200

      25

      2007

      Alberta

    10. 10
      Idyaflow

      Idyaflow

      E-Commerce Software

      A Saas based online marketplace platform providing peer to peer marketplace solutions.

      $2M

      0

      27

      2017

      Alberta

    1-10 of 81

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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.