Top SaaS Companies in Maryland

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

These are the top SaaS companies in Maryland, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Maryland by featuring these 15 companies with combined revenues of $107.7M.

Together, Maryland SaaS companies employ over 1K employees, have raised $72.1M capital, and serve over 62K customers around the world.

$0 - $1M ARR
  1. Execvision $850.0K
  2. Next In Line $240.0K
  3. Noteaffect $120.0K
  4. wpSaaS $120.0K
$1M - $5M ARR
  1. Visme $2.1M
$5M - $10M ARR
  1. Core-Apps $6.8M
$10M+ ARR
  1. 01
    SocialSolutions

    SocialSolutions

    Analytics Software

    Easy-to-use software for nonprofit and public sector organizations to track data, manage cases and measure outcomes.

    $50.0M

    $70.8M

    0

    289

    2000

    Maryland

  2. 02
    Teamwork

    Teamwork

    Erp Software|Collaboration & Productivity Software

    com is an Irish, privately owned, developer-led web-based company based in Cork, Ireland.

    $31.0M

    20K

    408

    2007

    Maryland

  3. 03
    Calltrackingmetrics

    Calltrackingmetrics

    Call Tracking Software

    Call tracking software to track online and traditional advertising. Know which ads are working, which agents are performing, and make the most of every call.

    $14.4M

    30K

    57

    2012

    Maryland

  4. 04
    Core-Apps

    Core-Apps

    CRM and Related Software

    Software to the event industry

    $6.8M

    2K

    50

    2009

    Maryland

  5. 05
    Visme

    Visme

    Office Software

    Make Professional Presentations & Infographics Online with Visme's amazingly simple free tool with 1000's of templates & graphics. Publish Online or Download for offline use.

    $2.1M

    8K

    42

    2012

    Maryland

  6. 06
    Teambuildr

    Teambuildr

    software for strength coaches

    $1.0M

    1K

    11

    2013

    Maryland

  7. 07
    Execvision

    Execvision

    CRM and Related Software

    DomainMarket.com sells premium domain names to entrepreneurs, businesses, and nonprofits that want to dominate their online marketplaces, and perpetually control great brands.

    $850.0K

    $8.1M

    50

    49

    2015

    Maryland

  8. 08
    Referralrock

    Referralrock

    Referral program software for any business|Word of mouth on autopilot

    $840.0K

    200

    15

    2015

    Maryland

  9. 09
    Next In Line

    Next In Line

    Veterinary Appointment Scheduling

    $240.0K

    $225.0K

    0

    5

    Maryland

  10. 10
    Noteaffect

    Noteaffect

    Student engagement and retention software

    $120.0K

    $50.0K

    500

    10

    2018

    Maryland

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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.