Top SaaS Companies in QC

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

These are the top SaaS companies in QC, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for QC by featuring these 10 companies with combined revenues of $173.8M.

Together, QC SaaS companies employ over 904 employees, have raised $0.0 capital, and serve over 4M customers around the world.

$0 - $1M ARR
  1. Idilia $872.3K
  2. Synergee $669.3K
$1M - $5M ARR
  1. Planbox $3.7M
  2. OneDesk $1.9M
  3. Nimonik $1.0M
$5M - $10M ARR
  1. Unito $9.4M
  2. SodaPDF $7.8M
$10M+ ARR
  1. Nakisa $24.0M
  1. 01
    Lightspeed-HQ

    Lightspeed-HQ

    E-Commerce Software

    Lightspeed is a point-of-sale and e-commerce software provider based in Montreal, Quebec.

    $121M

    $2M

    34K

    251

    2005

    QC

  2. 02
    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

    QC

  3. 03
    Unito

    Unito

    Project|Portfolio & Program Management Software

    Solve your workflow problems with Unito! Sync popular project management tools together and optimize collaboration across tools, teams and projects.

    $9M

    $13M

    5K

    102

    2015

    QC

  4. 04
    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

    0

    90

    2010

    QC

  5. 05
    Planbox

    Planbox

    Innovation Intelligence Software

    Manage your entire innovation pipeline and portfolio with Planbox's powerful analytics engine and workflow-driven agile innovation management platform.

    $4M

    400

    52

    2009

    QC

  6. 06
    Trustifi

    Trustifi

    Security Software

    Trustifi is a software-as-a-service (SaaS) company offering a patented postmarked email system that encrypts, tracks, and is the first federally-accepted method of sending legal documents online. The solution provides any company dealing with highly se...

    $2M

    $4M

    0

    28

    2005

    QC

  7. 07
    OneDesk

    OneDesk

    Project|Portfolio & Program Management Software

    Software for product management, project management and customer service.

    $2M

    0

    26

    2009

    QC

  8. 08
    Nimonik

    Nimonik

    Governance|Risk & Compliance Software

    Audit and inspect environment, health, safety and quality compliance and conformance on iPad, iPhone and on the web. Get plain language updates of changing legislation, codes, standards and statutes to keep your workplace compliant.

    $1M

    0

    11

    2008

    QC

  9. 09
    Idilia

    Idilia

    Digital Advertising Platforms

    An artificial intelligence enterprise cloud services company.

    $872K

    0

    11

    2000

    QC

  10. 10
    nGUVU-- Employee Engagement Platform

    nGUVU-- Employee Engagement Platform

    nGUVU is the leader in contact center employee engagement. We provide gamification and machine learning-based workforce optimization.

    $849K

    $2M

    0

    11

    2013

    QC

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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.