Top SaaS Companies in Provo

List of the largest SaaS companies in Provo, United States (Click to apply)

These are the top SaaS companies in Provo, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Provo by featuring these 6 companies with combined revenues of $1.1B.

Together, Provo SaaS companies employ over 5K employees, have raised $679.2M capital, and serve over 18K customers around the world.

$0 - $1M ARR
  1. Openside $24.0K
$1M - $5M ARR
  1. Linktrust $3.5M
$5M - $10M ARR
  1. Gumroad $9.2M
$10M+ ARR
  1. Qualtrics $763.0M
  2. Entrata $200.0M
  1. 01
    Qualtrics

    Qualtrics

    CRM and Related Software

    Qualtrics is a privately held experience management company, with co-headquarters in Provo, Utah and Seattle, Washington, in the United States.

    $763M

    $2B

    12K

    4K

    2002

    Provo

  2. 02
    Entrata

    Entrata

    Real Estate Software

    Entrata's property management software connects all of your data & processes, allowing you to create better experiences for prospects, residents, & employees.

    $200M

    800

    2003

    Provo

  3. 03
    XANT.ai|XANT

    XANT.ai|XANT

    Sales Software

    XANT delivers the industry-leading sales engagement AI platform powered by Real DataTM. XANT provides solutions that accelerate revenue by enabling (sales) teams to build a better pipeline and close more deals. Our core differentiation stems from RealData

    $60M

    $251M

    2K

    300

    2004

    Provo

  4. 04
    Observepoint

    Observepoint

    CRM and Related Software

    Monitor, test and validate the accuracy of your web tags, critical user paths and more with ObservePoint's automated Data Quality Assurance solution.

    $16M

    $31M

    250

    105

    2010

    Provo

  5. 05
    Gumroad

    Gumroad

    E-Commerce Software

    Super-simple e-commerce for creators.|Super simple ecommerce for creators

    $9M

    $14M

    4K

    33

    2011

    Provo

  6. 06
    Linktrust

    Linktrust

    CRM and Related Software

    Want to improve your performance marketing? Utilize our software and analytics here at TrustLink in Provo, Utah. Contact us to request a demo today.

    $4M

    110

    19

    2002

    Provo

  7. 07
    Openside

    Openside

    Workforce Management Software

    Premium Airtable Solutions

    $24K

    5

    Provo

1-7 of 7

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.