Top SaaS Companies in Cyprus

List of the largest SaaS companies in Cyprus (Click to apply)

These are the top SaaS companies in Cyprus. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Cyprus by featuring these 12 companies with combined revenues of $18.2M.

Together, Cyprus SaaS companies employ over 275 employees, have raised $3.6M capital, and serve over 580 customers around the world.

$0 - $1M ARR
  1. Blend $625.0K
  2. Stucco Media $505.0K
  3. Coriunder $408.6K
  4. Dermandar $309.2K
$5M - $10M ARR
$10M+ ARR
    1. 01
      EMBRIA Technologies

      EMBRIA Technologies

      Internet

      Embria is an accelerator based in London, United Kingdom with additional offices in Russia and Finland. The firm focuses on the social networks, game applications and internet advertising companies.

      $7M

      79

      2007

      Cyprus

    2. 02
      3CX

      3CX

      Communication Software

      3CX is a software-based private branch exchange based on the SIP standard.

      $5M

      51

      2005

      Cyprus

    3. 03
      Impactechs

      Impactechs

      Information Technology Software

      830,000 MRR

      $2M

      80

      56

      2015

      Cyprus

    4. 04
      Probanx Information Systems

      Probanx Information Systems

      Financial Services Software

      Operator of a banking software company. The company is involved in he development of comprehensive banking software's for corporate banking, retail banking, private banking, electronic money institutions, financial and payment institutions around the globe

      $1M

      20

      2000

      Cyprus

    5. 05
      EmailVerifier.com

      EmailVerifier.com

      Email Marketing Software

      EmailVerifier.com is an Enterprise grade Email Verification and Email Validation service. We run multiple email validation checks through our proprietary algorithms and decrease bounced and non-existent emails dramatically. Our Real Time Email Verification

      $1M

      18

      2018

      Cyprus

    6. 06
      Blend

      Blend

      Computer Software

      Blend is a smart team management app for cafes, bars, restaurants and more.

      $625K

      8

      2017

      Cyprus

    7. 07
      Stucco Media

      Stucco Media

      Provider of online marketing services. The company offers online promotion of various products and advertising services through cloud based platform.

      $505K

      12

      2012

      Cyprus

    8. 08
      Ticketsell.ai

      Ticketsell.ai

      Event Management Software

      Ticketsell - AI SaaS, which evaluates market demand in concerts/sport events with purpose to dynamically adjust ticket prices. We solve the problem of price inefficiency of tickets on primary market that stimulates secondary market and, ultimately, leads t

      $413K

      5

      2018

      Cyprus

    9. 09
      Coriunder

      Coriunder

      Financial Services Software

      Coriunder is a payment oriented user management system - why build a backend system from scratch when you can have Merchant management, user management, ecommerce, processing and affiliate management out of the box. Coriunder will give you the foundation

      $409K

      5

      2016

      Cyprus

    10. 10
      Dermandar

      Dermandar

      Ar Software

      Developer of a digital imaging technologies. The company's digital imaging technologies offers a fully automated image-capture system, enabling users to create and share panoramic images.

      $309K

      5

      2010

      Cyprus

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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.