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List of the largest SaaS companies in Canada

Top SaaS Companies in Canada

These are the top SaaS companies in Canada. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Canada by featuring these 1,579 companies with combined revenues of $13.2B.

Together, Canada SaaS companies employ over 111K employees, have raised $12.6B capital, and serve over 3B customers around the world.

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Highlights

01
$4B
$49M
125K
243
1997
Canada
02
S
Shopify

E-Commerce Software

Shopify is a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses.

$1B
$122M
-
12K
2004
Canada
03
OT
OpenText

Implementation Services Providers

OpenText software applications manage content or unstructured data for large companies, government agencies, and professional service firms.

$1B
-
100K
10K
1991
Canada
04
DSG
Descartes-Systems Group

Distribution Software

The Descartes Systems Group Inc. Descartes is perhaps best known for its abrupt and unexpected turnaround in the mid-2000s after coming close to bankruptcy in the wake of the dot-com bubble collapse.

$326M
-
13K
18
1981
Canada
05
N
Njoyn

Talent Management Software

An applicant tracking system hosted, developed and supported in Canada. Njoyn is a leading ATS that automates and simplifies your recruitment processes.

$250M
-
-
1K
2001
Canada
06
K
Kinaxis

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.

$224M
$33M
-
1K
1984
Canada
07
LO
LoyaltyOne

Advertising Software

LoyaltyOne, Inc. is a global provider of loyalty marketing and programs to enterprises in the retail, financial services

$202M
-
1K
3K
1991
Canada
08
A
Avature

Information Technology Software

Provider of an SaaS-based global talent acquisition and management platform intended to meet the recruiting challenges of clients. The company's SaaS-based global talent acquisition and management platform automates HR initiatives and offers talent engagement, onboarding, campus and events management, enabling clients to drive productivity and improve performance.

$170M
-
650
14K
2009
Canada
09
H
Hootsuite

Digital Advertising Platforms

Hootsuite is a social media management platform, created by Ryan Holmes in 2008..Hootsuite is a social media management platform, created by Ryan Holmes in 2008.

$150M
$300M
16M
1
2008
Canada
10
PCC
PointClickCare

Healthcare Software

PointClickCare helps LTPAC providers gain the confidence they need to navigate the new realities of value-based healthcare.

$125M
$235M
2K
1K
2000
Canada
1 - 10 of 111Next

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.