These are the top SaaS companies in NJ, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for NJ by featuring these 16 companies with combined revenues of $237.4M.
Together, NJ SaaS companies employ over 2K employees, have raised $0.0 capital, and serve over 7M customers around the world.
Collaboration & Productivity Software
AvePoint is an independent software vendor and manufacturer, headquartered in Jersey City, New Jersey and founded in 2001.
Supply Chain & Logistics Software
Developer of software for production control. The company monitors pharmaceutical and bio-pharmaceutical industry.
Field Service Management Software
Save time & money on back-office, routing, and field operations with WorkWave's business management software. Get more time back for you & your team!
Accounting and Finance Software
bexio. Business software for small businesses, startups and self-employed individuals ✔ Online access from any place ✔ Swiss quality ✔ Test now for 30 days free of charge!
InetSoft Technology Corporation is a privately owned multinational computer software company that develops free and commercial web-based business intelligence applications.
Evolven is a technology company that provides IT Operations Analytics solutions for enterprise businesses.
Ranorex Studio is a GUI test automation framework provided by Ranorex GmbH, a software development company.
Developer of a workflow management software designed to manage functions related to clinical trials. The company's cloud-based workforce management software integrated with learning management system processes and stores clinical trials specific data inclu
d2i transforms health care data into an asset by making it meaningful and actionable for better decision-making and improved performance.
OpenVault is a provider of technology for management of broadband networks and information on broadband usage.
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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.
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.