These are the top SaaS companies in Woburn, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Woburn by featuring these 6 companies with combined revenues of $8.5M.
Together, Woburn SaaS companies employ over 181 employees, have raised $25.6M capital, and serve over 3K customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Information Technology Software
iCorps Technologies, a leading IT Consulting, Managed Services and Cloud Computing Company, provides strategic leadership, innovative services and hands-on expertise to mid-to-large businesses. An industry pioneer, the iCorps team guides some of the fastest-growing organizations and collaborates with hundreds of clients to help transform their businesses â€“ while delivering exceptional results. We specialize in: Cloud Computing/ Cloud Services Office 365 Disaster Recovery Mobility Compliance Virtualization Security Audits Office Relocations Enterprise Storage Remote Access To learn more, please visit www.iCorps.com or Check Out Our Blog: blog.icorps.com Follow us on Google Plus: http://goo.gl/fSctu9 Follow us on Twitter @iCorps_Tech Like us on Facebook at facebook.com/iCorpsTechnologies
Business Inteligence Software
Intranets.com was founded to provide businesses, organizations and groups with application-rich, secure intranet sites.
Developer of computer aided instruction and new media products. The company offers autism software and video modeling-based programs. It provides TeachTown Basics, a computer-assisted instructional program that allows engaging on computer lessons along with motivational off computer activities for students.
Developer of administration and development software for collaborative platforms. The company provides client management, permissions management and workflow add-on tools for lotus notes customers and notes technical professionals.
Provider of load-testing software applications designed to offer testing signaling systems. The company's load-testing software applications are easily customized to meet exact testing requirements, as well as help to target specific testing requirements, enabling telecom sector to make right choice and meet future testing needs.
Developer of a social media platform for pets. The company helps in arranging for friends to take care of each others pets while away on vacation, and finding local dog parks.
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.