These are the top SaaS companies in Bedford, United Kingdom. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Bedford by featuring these 17 companies with combined revenues of $152.4M.
Together, Bedford SaaS companies employ over 2K employees, have raised $338.9M capital, and serve over 25K customers around the world.
Cloud Computing Software
Developer of enterprise-class open source database management system and services. The company's cloud-based database integration software supports both mission and non-mission critical enterprise applications, enabling enterprises to reduce their reliance on costly proprietary technologies and slash their database spend.
[SilkRoad](http://www.silkroad.com) is a global provider of cloud-based, end-to-end HR solutions that enable customers to find, attract, develop, and retain the best talent. The SilkRoad Life Suite includes Talent Acquisition, Talent Development, and HRMS solutions that are delivered through a Talent Portal to drive greater engagement, collaboration, and user adoption. The suite is easy to deploy, easy to use, and affordable for businesses of every size.
CIMCON Lighting provides software powered lighting controllers and Internet of Things enabled Smart City lighting management solution. The company helps cities run smarter while decreasing energy and maintenance costs. The company's solution has been implemented in over 50 cities in 16 countries. The company uses LED lighting to create a wireless sensor network and platform enabling cities to implement variety of Smart City applications to manage outdoor lighting, monitor air quality, meter electric vehicle chargers, improve public safety and security, optimize parking, traffic, installation of small cell towers, pedestrian safety, video analytics, and waste management to improve quality of life for city residents. CIMCON Lighting was founded on 2012 and is headquartered in Bedford, Massachusetts.
Conversational Intelligence Software
Progress Software Corporation is an American publicly held company headquartered in Bedford, Massachusetts.
Quotevine is a technology business that provides a suite of SaaS solutions to digitise asset and automotive finance.
Data Science And Machine Learning Platforms
Developer of an advanced real-time motion control software designed to meet the rigorous requirements of industrial, commercial, collaborative, and consumer robotic systems. The company's software specializes in the adaptive control, simulation, and sensing of complex robotic systems, enabling industrial, medical, aerospace and energy sectors to get real-time advanced motion control experience.
Online Appointment Scheduling Software
Simple online scheduling tool to eliminate the back and forth emails, with customer bookings straight into your calendar.
Event Management Software
Developer of an online cloud-based secure on-boarding and e-signature platform designed to provide a secure workflow to help firms set up client sign-up forms and sign agreements electronically. The company's online cloud-based secure on-boarding and e-signature platform helps companies to manage confidential attachments such as contracts and payslips in a secured way, automates the KYC, filing and distribution of documents and provides legacy document management system integration, enabling companies to sign agreements electronically and manage and transfer sensitive documents securely.
Information Technology Software
Developer of automated document data mining software designed to provide analytics and data mining services. The company's document data mining technology provides contracts management, analysis and classification, multi-state file conversion, document reconciliation for billing, repository management and workflow routing for mail, questionnaires and surveys, enabling legal, records management and information governance markets to understand and interpret documents for a variety of issues and purposes.
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.