Top SaaS Companies in Madison

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

These are the top SaaS companies in Madison, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Madison by featuring these 12 companies with combined revenues of $142.5M.

Together, Madison SaaS companies employ over 516 employees, have raised $14.0M capital, and serve over 200 customers around the world.

$0 - $1M ARR
  1. Digsite $915.8K
  2. B/2BNOW $801.7K
  3. Telematic $115.7K
$1M - $5M ARR
  1. AkitaBox $4.2M
  2. Ionic $3.6M
  3. DataChat $2.7M
$5M - $10M ARR
    $10M+ ARR
    1. 01
      Redoxengine|Redox

      Redoxengine|Redox

      Healthcare Software

      Connect to any EHR at any health system through a single API platform. Redox provides an integration layer to securely and efficiently exchange healthcare data. Healthcare Organizations and Technology Vendors connect to Redox once and can share data wi...|

      $119M

      $147M

      200

      174

      2014

      Madison

    2. 02
      Moxe Health

      Moxe Health

      Healthcare Software

      Developer of a clinical data integration platform designed to streamline the exchange of clinical data between health plans and provider systems. The company's platform provides interactive network that seamlessly deliver the right information at the right

      $5M

      $6M

      56

      2011

      Madison

    3. 03
      AkitaBox

      AkitaBox

      Construction Software

      Developer of a facility management software intended to automate the manual maintenance processes. The company's facility management software develops an application for storing, retrieving and integrating facility information and data, enabling clients to

      $4M

      $1M

      66

      2015

      Madison

    4. 04
      Ionic

      Ionic

      Development Software

      Developer of an open source mobile software development kit (SDK) designed to create web-based applications. The company's mobile software development kit (SDK) compiles and redeploys applications onto any platform, enabling web developers to access a sing

      $4M

      $26M

      58

      2012

      Madison

    5. 05
      FactoryFix

      FactoryFix

      Information Technology Software

      Developer of a data-driven platform designed to connect manufacturing businesses with skilled workers. The company's platform helps manufacturing companies to hire vetted, industrial skilled labor professionals by the hour, whenever they need help, enablin

      $3M

      $2M

      39

      2014

      Madison

    6. 06
      DataChat

      DataChat

      Analytics Software

      Developer of an enterprise search chat bot designed to synthesize data from multiple sources on demand. The company's platform simplifies the enterprise search process by removing the need for coding skills, enabling business professionals to access multip

      $3M

      $4M

      31

      2017

      Madison

    7. 07
      SmartUQ

      SmartUQ

      Analytics Software

      Developer of uncertainty quantification and analytics software designed to offer real-world variability and probabilistic behavior analysis. The company's software runs complex tests with multiple variables needed for designing products, making business de

      $1M

      $8M

      16

      2014

      Madison

    8. 08
      Wellbe

      Wellbe

      Healthcare Software

      Developer of a cloud-based platform designed to transform care delivery by improving patients' experiences. The company's platform facilitates connected care between patients and healthcare providers across an episode such as a joint replacement surgery, e

      $1M

      $9M

      38

      2009

      Madison

    9. 09
      Digsite

      Digsite

      Business Intelligence Software

      Digsite’s agile qualitative research platform helps you build online communities to answer “why” questions and optimize products, experiences or marketing programs in as little as 24 hours.

      $916K

      $2M

      11

      2014

      Madison

    10. 10
      MobileIgniter

      MobileIgniter

      Marketing Software

      Identifying opportunity, embedding connectivity, and creating the key web and mobile interfaces to complete the circuit.

      $869K

      13

      2011

      Madison

    1-10 of 12

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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.