Top SaaS Companies in Utah

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

These are the top SaaS companies in Utah, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Utah by featuring these 26 companies with combined revenues of $1.3B.

Together, Utah SaaS companies employ over 7K employees, have raised $834.6M capital, and serve over 68K customers around the world.

$0 - $1M ARR
    $1M - $5M ARR
      $5M - $10M ARR
        $10M+ ARR
          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

            Utah

          2. 02
            WorkFront

            WorkFront

            Collaboration & Productivity Software

            Workfront is a Lehi, Utah-based software company that develops web-based work management and project management software that features enterprise work management, issue tracking, document management time tracking and portfolio management.

            $200M

            $375M

            3K

            1K

            1999

            Utah

          3. 03
            Podium

            Podium

            Podium is a privately held technology company headquartered in Lehi, Utah that develops cloud-based software to help businesses modernize customer interactions, such as messaging and customer feedback, and improve their online reputations.

            $100M

            $240M

            7K

            947

            2014

            Utah

          4. 04
            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

            Utah

          5. 05
            Divvy

            Divvy

            Financial Services Software

            Divvy software gives you complete control and real-time visibility into company spending while eliminating the hassle of expense reports. Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and

            $48M

            $418M

            5K

            375

            2016

            Utah

          6. 06
            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

            Utah

          7. 07
            Finch

            Finch

            Digital Advertising Platforms

            $12M

            $125K

            250

            74

            2009

            Utah

          8. 08
            Grow

            Grow

            Business Intelligence Software

            Grow offers business intelligence software to rally your team around the right metrics and empower your organization with data. Get a trial today!

            $11M

            $27M

            1K

            100

            2014

            Utah

          9. 09
            Convirza

            Convirza

            CRM and Related Software

            Call tracking and call analysis to enhance your traditional and digital marketing. Quickly grow ROI with call tracking and advanced call analytics software, machine learning, automated call actions, and dozens of call success indicators.

            $10M

            $25M

            1K

            66

            2001

            Utah

          10. 10
            Gumroad

            Gumroad

            E-Commerce Software

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

            $9M

            $14M

            4K

            33

            2011

            Utah

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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.