Top SaaS Companies in Boston

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

These are the top SaaS companies in Boston, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Boston by featuring these 244 companies with combined revenues of $3.2B.

Together, Boston SaaS companies employ over 27K employees, have raised $1.1B capital, and serve over 12M customers around the world.

$0 - $1M ARR
  1. PureStake $998.4K
  2. KAGOAL $996.6K
  3. Qanairy $994.9K
  4. RoboHead $989.4K
$1M - $5M ARR
  1. Solvoyo $4.7M
  2. Omgeo $4.7M
  3. Celtra $4.6M
  4. AppNeta $4.6M
$5M - $10M ARR
  1. Yesware $10.0M
  2. Buildium $9.9M
  3. Apptopia $9.1M
  4. Snapapp $9.0M
  5. BitSight $9.0M
$10M+ ARR
  1. Axeda $632.4M
  2. Toast $260.6M
  3. Bullhorn $219.9M
  4. DataRobot $210.0M
  5. ARCHIBUS $200.0M
  1. 01
    PatientsLikeMe

    PatientsLikeMe

    Healthcare Software

    Provider of a clinical research platform designed to provide real-time insight into thousands of diseases and conditions. The company's platform is health information sharing website for patients to share both personal stories and health data about the con

    $5M

    $153M

    65

    2004

    Boston

  2. 02
    Solvoyo

    Solvoyo

    Information Technology Software

    Developer of supply chain management software designed to optimize across the entire supply chain's value network. The company's supply chain management software, Solvoyo, integrates operational supply chain decision making in the areas of transportation o

    $5M

    $1M

    68

    2005

    Boston

  3. 03
    Omgeo

    Omgeo

    Risk & Compliance Software

    Developer of trade management software services. The company automates trade lifecycle events between investment managers, broker/dealers and custodian banks.

    $5M

    264

    2001

    Boston

  4. 04
    Celtra

    Celtra

    Application Development Software

    Developer and provider of mobile rich-media advertising and analytics platform designed for digital advertising. The company's digital advertising platform is an integrated and scalable cross-screen HTML5 technology based fully self-service platform which

    $5M

    $25M

    207

    2006

    Boston

  5. 05
    AppNeta

    AppNeta

    Monitoring Software

    AppNeta is a computer software company headquartered in Boston, Massachusetts, with research and development based in Vancouver, British Columbia.

    $5M

    $63M

    145

    2011

    Boston

  6. 06
    Formstack

    Formstack

    Data Integration Software

    Formstack is a data management system that helps users collect information through various types of online forms, including surveys, job applications, event registrations, and payment forms.

    $5M

    $3M

    27K

    51

    2006

    Boston

  7. 07
    Advance Systems

    Advance Systems

    Online Appointment Scheduling Software

    Provider of cloud-based workforce management systems designed to optimize business operations. The company's innovative workforce management software has been created by installing custom-built time & attendance features, enabling enterprise and mid-sized

    $4M

    90

    1984

    Boston

  8. 08
    Repsly

    Repsly

    CRM and Related Software

    Repsly Mobile CRM brings organizations closer to their field reps and helps them execute at retail. Improve brand visibility, build accountability, and more.

    $4M

    $4M

    1K

    90

    2008

    Boston

  9. 09
    TSD Rental

    TSD Rental

    Accounting and Finance Software

    Developer of SaaS-based rental and loaner fleet management software in the United States. The company's SaaS-based rental and loaner fleet management software enables customers to manage and automate accounting and GL interfaces, pay money online via credi

    $4M

    82

    1983

    Boston

  10. 10
    RAMP Holdings

    RAMP Holdings

    Software as a Service Platform(SaaS)

    RAMP (formerly EveryZing) has developed the next generation of search & video experiences to unlock the unrealized value in video content. Using RAMP, companies are able to drive increased discovery across search and social sites, enhance user engagement

    $4M

    $160M

    1K

    50

    2006

    Boston

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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.