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. 01
    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

  2. 02
    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

  3. 03
    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

  4. 04
    Bandwango

    Bandwango

    E-Commerce Software

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

    $4M

    $4M

    43

    2012

    Salt Lake city

  5. 05
    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

  6. 06
    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

  7. 07
    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

  8. 08
    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

  9. 09
    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

  10. 10
    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

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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.