These are the top SaaS companies in Morrisville, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Morrisville by featuring these 5 companies with combined revenues of $173.6M.
Together, Morrisville SaaS companies employ over 1K employees, have raised $81.7M capital, and serve over 52M customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
ChannelAdvisor Corp. is an e-commerce company based in Morrisville, North Carolina.
Simply the world's most powerful and comprehensive source-to-pay eProcurement solutions suite. Trusted by some of the world's most recognized brands to keep spend on target. What can Jaggaer do for you?
eTix is an operator of an online ticketing service platform. The company offers web-based ticketing and related services to entertainment venues including theaters, arenas, festivals, fairs, performing arts centers, casinos and live events. The company continues to grow by making periodic small acquisitions.
Artificial Intelligence Software
SlickEdit is a cross-platform, multi-language code editor that gives programmers the ability to code in over 40 languages on 7 platforms.
Provider of a cloud-based patient communication platform is designed to improve patient understanding, thereby improving health, reducing costs and increasing patient satisfaction. The company's patient communication platform delivers personalized medication instructions in multi-languages within provider workflow that are simplified to a 5-8th grade reading level and presented in research-based, engaging and intuitive formats, enabling patients to access visual daily medication dosing schedules.
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.