logo
logo
Curve
List of the largest SaaS companies in Cyprus

Top SaaS Companies in Cyprus

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 16 companies with combined revenues of $20.9M.

Together, Cyprus SaaS companies employ over 285 employees, have raised $7.8M capital, and serve over 6M customers around the world.

Divider

Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
3CX
3CX

Communication Software

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

$5M
-
5M
51
2005
Cyprus
03
I
Impactechs

Information Technology Software

830,000 MRR

$2M
-
80
31
2015
Cyprus
04
AC
AdultCentro

B2B Marketplace Platforms

AdultCentro is disrupting the adult content licensing space. Company provides multiple ways to license content as well as monetize your own content library. With it's SaaS platform, more then 50,000 videos are available to be plugged in instantly into any website, or a mobile application.In 2011 released first in the industry content rights licensing marketplace, for world wide content rights licensing in web, vod, hotel, cable, sattelite, mobile, ppv, iptv, dvd, bluray and every other right.

$2M
-
1M
19
2009
Cyprus
05
PIS
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
06
EV
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 API is available for all accounts.

$1M
-
-
18
2018
Cyprus
07
SWP
SWiP

Artificial Intelligence

SWiP - payment & loyalty tech platform focused on small and midsize businesses allowing to return/retain customers based on BI and AI tools

$980K
$3M
-
10
2018
Cyprus
08
F
Fax.to

Enterprise Software

Online Fax Service (Pay as you go & subscription based)

$579K
$20K
-
5
2015
Cyprus
09
SM
Stucco Media

Digital Advertising Platforms

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

$505K
-
-
12
2012
Cyprus
10
T
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 to profit loss and consumer desperation

$413K
-
-
5
2018
Cyprus
1 - 10 of 16Next

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.