These are the top SaaS companies in Naperville, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Naperville by featuring these 8 companies with combined revenues of $82.9M.
Together, Naperville SaaS companies employ over 3K employees, have raised $20M capital, and serve over 6K customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Information Technology Software
Provider of information technology services intended to address complex issues and capitalize on opportunities to help deliver better outcomes. The company's services use digital components such as analytics, mobility, social media, and smart-embedded devices to change customer experience journeys and internal processes and offer end-to-end implementation, development and support services in the select industries of banking and financial services, retail and manufacturing, enabling customers transform technology portfolios from systems of record to launch pads of innovation.
Provider of cloud solutions and onsite VoIP services to Illinois businesses. The company's services lets users choose a single communications solution and integrate the new tool into their existing framework, and the company takes care of everything from installation to deployment and maintenance, enabling IT admins and executives to demonstrate the ROI of new technology deployments.
Application Development Software
The company primarily operates in the Software industry. Royal Cyber was founded in 2002 and is headquartered in Naperville, IL.
Cloud Computing Software
Provider of human resource and talent management cloud-based solutions. The company offers business processes as a service (BPaaS) that delivers outsourced HR services via cloud technology, enabling companies to standardize their HR processes, thereby reducing costs, increasing mobility and more.
Information Technology Software
Signol is a new, innovative company that uses personalized feedback and optimal management practices to help companies increase their productivity, make their employees happier, and reduce their carbon footprint.
Provider of cloud based document sharing platform. The company's platform allows everyone involved in a real estate transaction to securely manage and share documents from any computer, tablet or smartphone.
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.