These are the top SaaS companies in Rockville, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Rockville by featuring these 14 companies with combined revenues of $131.5M.
Together, Rockville SaaS companies employ over 910 employees, have raised $71.4M capital, and serve over 8M customers around the world.
Top SaaS Companies with $5 - $10M ARR
Talent Management Software
Ideal is recruitment automation software that acts as a virtual assistant to automate time-consuming, high-volume hiring tasks. AI for recruiting is here!
Artificial Intelligence Software
Cloud Computing Software
Dataprise, Inc. is a provider of managed services and IT support for hundreds of small and mid-sized businesses throughout the Mid-Atlantic region.
Information Technology Software
Provider of IT staffing solutions. The company offers its clients access to various consultants, including project managers, business and system analysts, developers, database administrators, data warehousing experts, data architects, data modelers, PeopleSoft developers, quality assurance specialists, security experts, enterprise solutions specialists, Windows and UNIX administrators, technical writers, and documentation experts. It operates from nine offices in Colorado, Maryland, New Jersey, New York, Ohio, Pennsylvania, Virginia, and Washington.
Supply Chain & Logistics Software
AutoSled is a technology company building the next-generation automotive logistics platform and marketplace.
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Provider of payment processing services and member relationship management software for the health and wellness industry. The company provides everything clubs need for managing their memberships and facilities, including agreement writer, check-in and point-of-sale.
CRM and Related Software
DomainMarket.com sells premium domain names to entrepreneurs, businesses, and nonprofits that want to dominate their online marketplaces, and perpetually control great brands.
Software As A Service Platform(Saas)
Equal Level provides an inter-enterprise, cloud-based electronic procurement application. Our solution combines deep buy-side eProcurement and sell-side B2B eCommerce functionalities into a single seamless integrated platform. Through an intuitive real-time â€œTravelocity-likeâ€ shopping experience powered by Artificial Intelligence, EqualLevel Savings Advisor, or ELSA, leads shoppers to best-value purchasing decisions that decrease spend and save time. In addition, the modular platform can seamlessly integrate, complementing existing financial and eProcurement systems. Headquartered in Maryland, we are employee-owned and profitable. Our supplier enablement business model is focused on achieving 100% punch-out based commerce and provides your small to medium trading partners with no-charge punch-out enabled commerce storefront. Our goal is to change the e-Procurement industry by delivering affordable cloud solutions, that truly deliver 100% self-service procurement and compliance.
Developer of a SaaS solution designed to protect organizations from hardware-based attacks and threats. The company's system provides security teams with full visibility into their hardware assets and their behavior in real time and offers a comprehensive policy enforcement module and allows administrators to easily define granular device usage rules and continuously monitor and protect their infrastructure, enabling organizations to instantly detect and response to any threat or breach attempt coming from a manipulated or infected element.
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.