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List of the largest SaaS companies in Salt Lake City, United States

Top SaaS Companies in Salt Lake City

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 53 companies with combined revenues of $475.2M.

Together, Salt Lake City SaaS companies employ over 4K employees, have raised $499.6M capital, and serve over 35M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


01
$259M
$89M
30M
1K
2008
United States
02
S
Scorpion

SEO Software

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

$106M
$100M
-
1K
2001
United States
03
MC
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, deviations management, audit management, submissions, eProcess automation.

$33M
-
1K
619
1993
United States
04
F
Finch

Digital Advertising Platforms

Finch is the universal API for Payroll and HR

$12M
$125K
250
69
2009
United States
05
AH
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 spending costs by making informed decisions.

$8M
$84M
-
115
2013
United States
06
S
Salty.

Insurance Software

Salty Dot, Inc. is the Embedded Insurance® technology company

$6M
$57M
-
51
2019
United States
07
PB
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 customizing communications to patients' motivations and channel preferences using a proprietary psychographic segmentation model developed by consumer experts, enabling medical practitioners to overcome dozens of patient engagement challenges by activating desired behavior change with improved patient outcomes.

$5M
-
-
102
2012
United States
08
TC
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 services.

$5M
-
-
64
1981
United States
09
T
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
-
46
2014
United States
10
B
Bandwango

E-Commerce Software

Bandwango's SaaS solution connects communities to local businesses - enabling e-commerce and driving more customers

$4M
$4M
-
43
2012
United States
1 - 10 of 51Next

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.