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List of the largest SaaS companies in Scotland

Top SaaS Companies in Scotland

These are the top SaaS companies in Scotland. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Scotland by featuring these 10 companies with combined revenues of $44.2M.

Together, Scotland SaaS companies employ over 533 employees, have raised $19.4M capital, and serve over 5K customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
S
Signal

Delivery Service Software

Established in 2014 The Signal Group is a diversified shipping services group with offices in London and Athens. The Signal Group offers commercial ship management services to a pool of Aframax class oil tankers. In addition, The Signal Group develops and invests in next generation shipping related software technologies. It is led by an executive team who has more than 65 years of collective experience in ship management at the highest level. The leadership team is supported by a world-class mix of commercial shipping professionals, finance professionals, strategists, energy market analysts, data scientists and developers. The Signal Group Companies: Signal Maritime Services Signal Maritime Services brings together shipping best practice with internet-age advanced analytics and management methods. Signal Maritime Services is focused on high-performance, sustainable commercial management and the creation of innovative pooling models providing flexibility, transparency, enhanced com

$8M
-
-
100
2014
Scotland
03
M
Mobiliza

Information Technology Software

A Mobiliza está localizada em Florianópolis, onde desenvolve e adapta conteúdos para cursos a distância e presenciais e, além disso, também oferecemos assessoria especializada para acompanhamento, desenvolvimento e avaliação de seus projetos de Educação a Distância (EaD). Somos uma empresa associada a ACATE (http://www.acate.com.br) e a ABED (http://www.abed.org.br).

$5M
-
-
69
2004
Scotland
04
QS
QikServe

E-Commerce Software

QikServe is the enterprise platform for guest self-service in hospitality.

$4M
$17M
-
48
2011
Scotland
05
TT
ThisThat

Digital Advertising Platforms

Our SaaS platform and web app connect you to your fans faster than ever before, at scale, and with real-time insight.

$2M
$393K
-
17
2017
Scotland
06
OH
Okko Health

Health

Digital Health SAAS Smartphone Eye Health Monitoring

$1M
$2M
-
15
2018
Scotland
07
ATILT
AlarmTILT

Software As A Service Platform(Saas)

Developer of SaaS-based alerting and crisis management applications in Belgium and Luxembourg. The company specializes in notification management and developing applications for people on the move, such as bidirectional reminders and mass alert and notification applications.

$497K
-
150
8
2000
Scotland
08
W
Willo

Computer Software

Simple, affordable video interviews which can be setup in minutes. Candidates answer your questions in their own time and you can review the completed video interviews at your convenience. Start video interviewing in less than 3 minutes for free at willotalent.com Our incredible UK based support team is available 24/7 to help you transform your recruitment process.

$490K
-
5K
6
2018
Scotland
09
I
Integround

Enterprise Software

Integround Oy was incorporated in Helsinki, Finland in June 2012. Their mission is to change the system integration market by providing system integration as a service instead of traditional on-premises solutions. Easy adaptation and cost efficiency combined with state-of-the-art operating, monitoring and BI reporting functionalities makes their service superior to traditional on-premises solutions for small and big companies alike.They recognize the importance of integrations to their customers' business and they do care about the beauty of flawless integration solutions. Their service is reliable and secure. Integround is a trustworthy partner and their customers can rely on their business processes being up and running - that's their core business!Their core team consists of four driven persons that are IT professionals in the field of technical sales, system integration and software development.

$153K
-
-
2
2012
Scotland
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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.