Top SaaS Companies in Saudi Arabia

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

These are the top SaaS companies in Saudi Arabia. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Saudi Arabia by featuring these 14 companies with combined revenues of $33.3M.

Together, Saudi Arabia SaaS companies employ over 432 employees, have raised $0.0 capital, and serve over 400 customers around the world.

$0 - $1M ARR
  1. Datability $648.0K
  2. Squircle $363.3K
$1M - $5M ARR
  1. Lucidya $3.0M
  2. palm.hr $2.5M
  3. Qoyod $2.3M
  4. Taker $1.9M
$5M - $10M ARR
    $10M+ ARR
    1. unifonic $16.8M
    1. 01
      unifonic

      unifonic

      Information Technology & Services

      Provider of solutions intended for cloud communications industry. The company's platform offers multiple user access, interactive messaging, real-time campaign tracking, easy-to-read graphs, white labeling and other features, providing businesses and corpo

      $17M

      200

      2006

      Saudi Arabia

    2. 02
      Lucidya

      Lucidya

      Artificial Intelligence Software

      Developer of a Saas-based social media analytics and monitoring software intended to help businesses make better strategic decisions. The company's software uses big spatial data search engine to analyze both current and historical social media content in

      $3M

      40

      2015

      Saudi Arabia

    3. 03
      palm.hr

      palm.hr

      HR Software

      Redefining HR in Saudi Arabia - www.palmhr.net We are determined to reinvent the way HR is perceived in companies across the Kingdom. It is time to focus on employees and their needs. HR is not about administrating staff, it is about engaging people in or

      $3M

      30

      2018

      Saudi Arabia

    4. 04
      Qoyod

      Qoyod

      Accounting and Finance Software

      Provider of an online accounting and invoicing software intended to raise relevant competencies with productivity tools in order to ensure continuity and competition. The company's software offers services like the issue of purchase orders, stock managemen

      $2M

      27

      2016

      Saudi Arabia

    5. 05
      Taker

      Taker

      Information Technology & Services

      Developer of an online ordering system for restaurants intended to facilitate restaurant management. The company provides services like branch management, menu management, linking delivery zones, marketing tools, advanced analytics and self-service kiosks,

      $2M

      23

      2019

      Saudi Arabia

    6. 06
      penny software

      penny software

      Procure to Pay & Spend Management Software

      $2M

      $1M

      20

      2020

      Saudi Arabia

    7. 07
      VôM

      VôM

      Accounting and Finance Software

      VôM is a homegrown accounting software platform.

      $1M

      $670K

      15

      2020

      Saudi Arabia

    8. 08
      Transtek Systems

      Transtek Systems

      Software development firm in the Middle East.

      $1M

      14

      2001

      Saudi Arabia

    9. 09
      Six Days Company

      Six Days Company

      Six Days Company was founded in 2019 with the sole purpose of bringing technology for everyday use. The technology solutions SDC has to offer make everyday life easier and more efficient. Therefore, if you have an issue that you face daily, chances are Six

      $810K

      9

      2019

      Saudi Arabia

    10. 10
      Datability

      Datability

      Information Technology Software

      $648K

      400

      32

      2016

      Saudi Arabia

    1-10 of 14

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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.