Top SaaS Companies in Quebec

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

These are the top SaaS companies in Quebec, Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Quebec by featuring these 125 companies with combined revenues of $594.6M.

Together, Quebec SaaS companies employ over 9K employees, have raised $157.7M capital, and serve over 67K customers around the world.

$0 - $1M ARR
  1. Voilà! $972.8K
  2. Prehos $932.6K
  3. Opslock $866.8K
  4. Delpha $762.8K
$1M - $5M ARR
  1. ICOD $4.0M
  2. Plusgrade $3.9M
  3. Mediaclip $3.9M
$5M - $10M ARR
  1. Cognibox $9.1M
  2. Big Bang $7.8M
  3. Jobillico $7.2M
$10M+ ARR
  1. Coveo $90.0M
  2. Kounta $69.9M
  3. AlayaCare $28.4M
  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

    0

    1K

    1972

    Quebec

  2. 02
    Coveo

    Coveo

    Analytics Software

    com, Sitecore, Google Apps for Work, Atlassian, JIRA, Office 365, YouTube, Lithium, Jive, Dropbox, and more.

    $90M

    $355M

    1K

    563

    2008

    Quebec

  3. 03
    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

    0

    2K

    2012

    Quebec

  4. 04
    mdf commerce

    mdf commerce

    E-Commerce Software

    mdf commerce enables the flow of commerce by providing a broad set of SaaS solutions.

    $69M

    0

    820

    1996

    Quebec

  5. 05
    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

    Quebec

  6. 06
    Rideau

    Rideau

    Human Resources Software

    Rideau builds meaningful relationships with personalized and creative recognition solutions.

    $22M

    0

    457

    1912

    Quebec

  7. 07
    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

    Quebec

  8. 08
    Solutions Interactives de Validation 88

    Solutions Interactives de Validation 88

    Logistics Software

    Solutions Interactives de Validation 88 is a Developer of a cloud based software

    $11M

    0

    135

    2009

    Quebec

  9. 09
    PetalMD

    PetalMD

    Information Technology Software

    PetalMD is an information technology and services company that develops online management, communication and planning tools for physicians. Its cloud-based application solutions allow healthcare professionals to schedule management, synchronize data and ma

    $11M

    37K

    137

    2009

    Quebec

  10. 10
    Cognibox

    Cognibox

    Information Technology Software

    Provided of supplier qualification management and contractor management. The company's services enable us contractor qualification and management system (SaaS) encompasses all the functions necessary in industries such as aerospace, metallurgy, mining and

    $9M

    0

    108

    1972

    Quebec

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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.