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
    GreenKey

    GreenKey

    Information Technology Software

    Motorola Solutions Venture Capital is a corporate venture arm of Motorola Solutions and was founded in 1999. The firm seeks to invest in the information technology, internet of things, big data, data analytics, cybersecurity, internet of things and mobile

    $953K

    20

    1928

    Salt Lake City

  2. 02
    Socal CoPilot

    Socal CoPilot

    Sales Software

    $892K

    13

    2014

    Salt Lake City

  3. 03
    BoomStartup

    BoomStartup

    Analytics Software

    We are an an open accelerator for entrepreneurs seeking community, expert advice, and funding to accelerate business.

    $760K

    28

    2010

    Salt Lake City

  4. 04
    Canvas Network

    Canvas Network

    Provider of an online learning management platform. The company offers open online courses sourced from institutions ranging from Ivy Leagues to community colleges.

    $663K

    5M

    10

    2012

    Salt Lake City

  5. 05
    Dental Cooperative

    Dental Cooperative

    Provider of an online platform designed for independent dentists to organize and unite as a large group. The company's platform provides the resources to help dentists negotiate increased reimbursements with dental insurance companies and aids in the crede

    $630K

    13

    1998

    Salt Lake City

  6. 06
    Tenderfield

    Tenderfield

    Construction Software

    Developer of a cloud based platform intended for construction teams to collaborate and complete construction processes in half the time. The company's platform helps to easily collaborate throughout the tender and construction phases and provide a powerful

    $611K

    7

    2019

    Salt Lake City

  7. 07
    Xydo

    Xydo

    Customer Support Software

    Get the best news from your Twitter and Facebook Streams.

    $528K

    7

    2010

    Salt Lake City

  8. 08
    SI Certs

    SI Certs

    Online Test Prep for the Construction Inspection Industry

    $523K

    5

    2010

    Salt Lake City

  9. 09
    Fusion-io

    Fusion-io

    Cloud Computing Software

    Fusion-io was a developer and marketer of enterprise storage memory platforms. The company offered ioDrive, a non-volatile solid state storage device based on NAND technology and ioMemory virtual storage layer. Its products were used in various markets, su

    $514K

    7

    2006

    Salt Lake City

  10. 10
    People to Remember

    People to Remember

    E-Commerce Software

    Developer of a memorial website. The company assists those mourning the loss of a friend or loved one.

    $474K

    6

    2010

    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.