Top SaaS Companies in Indiana

List of the largest SaaS companies in Indiana, United States (Click to apply)

These are the top SaaS companies in Indiana, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Indiana by featuring these 56 companies with combined revenues of $228.9M.

Together, Indiana SaaS companies employ over 3K employees, have raised $33.0M capital, and serve over 24K customers around the world.

$0 - $1M ARR
  1. Boardable $1.0M
  2. Demandjump $990.0K
  3. BrewLogix $976.2K
  4. Paykickstart $960.0K
  5. SmarterHQ $884.9K
$1M - $5M ARR
  1. Zylo $4.3M
  2. Hubstaff $3.8M
  3. Wyde $3.8M
  4. myCOI $2.6M
$5M - $10M ARR
  1. PactSafe $9.6M
  2. Delivra $5.0M
$10M+ ARR
  1. Galvanize $49.8M
  2. Lessonly $24.0M
  3. hc1 $14.5M
  1. 01
    Galvanize

    Galvanize

    Enterprise Software

    ACL Services is a privately owned software company. It provides an enterprise SaaS platform that converges governance, risk management and compliance (GRC), corporate performance management (CPM) and data automation. The company was founded in 1987 and is

    $50M

    $50M

    0

    630

    1987

    Indiana

  2. 02
    Ontario Systems

    Ontario Systems

    Information Technology Software

    Provider of software services to healthcare sector. The company provides healthcare collections, accounts receivable management, debt collection, revenue recovery and revenue cycle management (RCM) software services.

    $45M

    0

    566

    1980

    Indiana

  3. 03
    Lessonly

    Lessonly

    HR Software

    We help you foster employee confidence, one lesson at a time. We love customer service training, sales training, and employee onboarding.

    $24M

    $36M

    500

    191

    2012

    Indiana

  4. 04
    Passageways

    Passageways

    Collaboration & Productivity Software

    Board and Employee Collaboration Products

    $17M

    $5M

    1K

    159

    2014

    Indiana

  5. 05
    hc1

    hc1

    Crm And Related Software

    Provider of a cloud-based healthcare relationship management platform designed to personalize the healthcare experience for providers and the patients they serve. The company's platform increases internal efficiency and communication while decreasing manua

    $15M

    $44M

    0

    188

    2001

    Indiana

  6. 06
    Sharpen

    Sharpen

    Communication Software

    Sharpen Technologies operates as a SaaS company that provides software and voice solutions.

    $12M

    $49M

    2K

    105

    2011

    Indiana

  7. 07
    PactSafe

    PactSafe

    E-Signature Software

    High-velocity contract acceptance platform

    $10M

    $8M

    200

    46

    2012

    Indiana

  8. 08
    ApexConnect

    ApexConnect

    B2B Marketplace Platforms

    Developer & provider of software and services. The company provides technical software & services for travel management companies, corporate travel departments, online travel agencies, airlines and global distribution systems.

    $6M

    $24M

    0

    77

    1992

    Indiana

  9. 09
    Delivra

    Delivra

    CRM and Related Software

    Drive engagement and increase revenue with email marketing services. Delivra is the highest user-rated email marketing automation platform on the market.

    $5M

    500

    48

    1999

    Indiana

  10. 10
    Zylo

    Zylo

    Analytics Software

    Provider of a SaaS management platform designed to optimize cloud-based subscription. The company's platform allows users to gain visibility into hidden employee expenditures and manage contract renewals, understand the utilization of SaaS subscriptions ac

    $4M

    $35M

    0

    81

    2016

    Indiana

1-10 of 57

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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.