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 48 companies with combined revenues of $463.9M.

Together, Salt Lake City SaaS companies employ over 4K employees, have raised $0.0 capital, and serve over 35M customers around the world.

$0 - $1M ARR
  1. GreenKey $952.7K
  2. BoomStartup $759.8K
$1M - $5M ARR
  1. Teem $4.6M
  2. Bandwango $4.2M
$5M - $10M ARR
$10M+ ARR
  1. Instructure $258.5M
  2. Scorpion $106.4M
  3. Finch $12.0M
  1. 11
    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

  2. 12
    Suralink

    Suralink

    Professional Services Providers

    Developer of document transfer software designed to manage PBC request lists, securely transfer documents and improve client experience. The company's software offers a document transfer, exchange, sharing and management application, enabling users from ac

    $2M

    $6M

    29

    2014

    Salt Lake City

  3. 13
    ClientSuccess

    ClientSuccess

    Advertising Software

    ClientSuccess is customer success software that helps SaaS companies reduce churn and grow their customers. Ranked #1 for usability by G2 Crowd.

    $2M

    $6M

    50

    24

    2014

    Salt Lake City

  4. 14
    Diib

    Diib

    Analytics Software

    Provider of a data management platform designed for small and medium businesses. The company provides predictive, simple, actionable analysis and sophisticated algorithms for businesses to improve website performance, campaigns and analyze accounts, provid

    $2M

    $4M

    250K

    28

    2012

    Salt Lake City

  5. 15
    XOLogic Corp

    XOLogic Corp

    Advertising Software

    XOLogics software is a simple system to help Lighting Showrooms, Electrical Supply, Industrial Supply and Plumbing Supply distributors run their business efficiently including integrated product data from up-to-date digital product catalogs for their websi

    $1M

    520

    30

    2009

    Salt Lake City

  6. 16
    Blyncsy

    Blyncsy

    Enterprise Software

    Blyncsy developed a way to synchronize traffic lights in real time and sells anonymized data on the movement, habits and trends of the traffic-grid by using sensors to capture signals from mobile devices.

    $1M

    $3M

    16

    2014

    Salt Lake City

  7. 17
    MasteryConnect

    MasteryConnect

    Education Software

    Provider of competency-based learning technology. The company helps in creating technology tools that help teachers plan, teach, and measure student progress to improve learning outcomes.

    $1M

    $34M

    22

    2009

    Salt Lake City

  8. 18
    Creatably

    Creatably

    Analytics Software

    Creatably is an experiential marketing company that creates viral vidoes, launch events and unique marketing campaigns.

    $1M

    20

    2014

    Salt Lake City

  9. 19
    MarketDial

    MarketDial

    Retail Software

    Provider of an A/B testing software intended to help offline retailers to do online quality testing. The company's software integrates store data, determines the characteristics of chains and the demographics of shoppers, to offer information on trade-area

    $1M

    $10M

    19

    2016

    Salt Lake City

  10. 20
    ForgeDX

    ForgeDX

    Software As A Service Platform(Saas)

    Developer of a sales acceleration SaaS platform designed to create interactive experiences that drive business outcomes. The company's platform works with companies to create simulations that illustrate the power of and use cases for technologies, enabling

    $1M

    12

    2017

    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.