These are the top SaaS companies in Chattanooga, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Chattanooga by featuring these 8 companies with combined revenues of $173.1M.
Together, Chattanooga SaaS companies employ over 686 employees, have raised $70.7M capital, and serve over 6M customers around the world.
Vertical Industry Software
The industry leader in providing an independent, cloud-based e-signature solution that makes signing documents online secure and legal for any organization.
Information Technology Software
RMI is a leading independent provider of Transportation Management Software for carriers and shippers.
Application Development Software
With thousands of deployed applications and industry-leading best practices, Skuid lets you deliver advanced salesforce apps not possible on any other platform.
Crm And Related Software
Provider of professional services and system integrator intended to help SaaS businesses thrive on the Salesforce AppExchange. The company's services are offered via a cloud platform, enabling businesses to deploy strategic business processes into the cloud, harness the power of Salesforce through product development that reduces time to market and overcomes talent shortages and get complete guidance through the full lifecycle, including the plan, build/test, distribution, marketing, sales and support phases.
CRM and Related Software
Sales coaching and performance management softwaref
Provider of software tools for carpet sampling and design applications. The company also offers sampling software tool for carpet specification process and a suite of design software for carpets and fabrics.
Data Integration Software
Provider of a personalized pricing software intended to work with e-commerce businesses. The company's software provides an online price negotiation tool, creating a one on one dialogue between buyer and seller for online price negotiation, making it fast, simple and private for anyone who sells anything, anywhere on the web, enabling retailers to track conversions and click events so that they can analyze traffic sources and user behavior.
Business Management Software
Developer of an all-in-one service business management software designed to connect with professionals for accomplishing household tasks. The company's software lets its users connect with expert professionals for various services including appliance repairs, housekeeping, plumbing, carpentry, janitorial, flooring, roofing and related tasks, enabling domestic and commercial customers to find and book concierge service providers and get assistance for doing household and home management tasks at affordable costs.
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.