Top SaaS Companies in Salt Lake City

List of the largest SaaS companies in Salt Lake City, United States (Click to apply)

These are the top SaaS companies in Salt Lake City, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Salt Lake City by featuring these 46 companies with combined revenues of $459.6M.

Together, Salt Lake City SaaS companies employ over 4K employees, have raised $0.0 capital, and serve over 30M customers around the world.

$0 - $1M ARR
  1. GreenKey $952.7K
  2. BoomStartup $759.8K
$1M - $5M ARR
  1. Teem $4.6M
$5M - $10M ARR
$10M+ ARR
  1. Instructure $258.5M
  2. Scorpion $106.4M
  3. Finch $12.0M
  1. 01
    Instructure

    Instructure

    Education Software

    Instructure is a provider of a cloud-based learning management system. The company offers tools for instructors and students that are designed to integrate drag-and-drop file uploaders, HTML 5 video, automatic speech-to-text conversion applications, as wel

    $259M

    $89M

    30M

    1K

    2008

    Salt Lake City

  2. 02
    Scorpion

    Scorpion

    SEO Software

    Scorpion exists to better local small businesses and the communities they serve.

    $106M

    $100M

    1K

    2001

    Salt Lake City

  3. 03
    MasterControl

    MasterControl

    CRM and Related Software

    Provider of a document management software. The company's services include include integrated quality management, corrective actions, document control, change control, training management, design history, complaints handling, nonconformance management, dev

    $33M

    1K

    619

    1993

    Salt Lake City

  4. 04
    Finch

    Finch

    Digital Advertising Platforms

    Finch is the universal API for Payroll and HR

    $12M

    $125K

    250

    74

    2009

    Salt Lake City

  5. 05
    Artemis Health

    Artemis Health

    Healthcare Software

    Developer of a healthcare analytics platform designed to optimize benefit programs and minimize spending. The company's analytics platform provides actionable data on benefit programs, opportunities, gaps and easy-to-use tools, enabling companies to cut sp

    $8M

    $84M

    115

    2013

    Salt Lake City

  6. 06
    PatientBond

    PatientBond

    Healthcare Software

    Provider of a patient and member engagement platform intended to provide healthcare consumer profiling services. The company's platform utilizes and automates patient engagement services such as emails, text messages and interactive voice response (IVR) by

    $5M

    102

    2012

    Salt Lake City

  7. 07
    Tomax Corporation

    Tomax Corporation

    Retail Software

    Provider of retail management services. The company offers retail management, master data management, mobile applications and information enablement services through its cloud-based platform. It also offers business consulting and project management servic

    $5M

    64

    1981

    Salt Lake City

  8. 08
    Teem

    Teem

    Office Software

    Teem's conference room scheduling software can help you build the workplace experience you need and your employees enjoy. Get started and try Teem today!

    $5M

    $22M

    66

    2014

    Salt Lake City

  9. 09
    CloudCherry

    CloudCherry

    Enterprise Software

    CloudCherry Experience Management platform that is disrupting the way organizations listen to the Voice of Customer.

    $3M

    $16M

    28

    2014

    Salt Lake City

  10. 10
    LeisureLink

    LeisureLink

    Real Estate Software

    Provider of electronic distribution and online property marketing services. The company's online platform network allows property management enterprises to make their vacation rental, timeshare and condo hotel properties available online.

    $2M

    $43M

    29

    2001

    Salt Lake City

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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.