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.
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
Scorpion exists to better local small businesses and the communities they serve.
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
Digital Advertising Platforms
Finch is the universal API for Payroll and HR
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
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
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
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CloudCherry Experience Management platform that is disrupting the way organizations listen to the Voice of Customer.
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.
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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.
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.