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.
Easy-to-use software for nonprofit and public sector organizations to track data, manage cases and measure outcomes.
Erp Software|Collaboration & Productivity Software
com is an Irish, privately owned, developer-led web-based company based in Cork, Ireland.
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.
CRM and Related Software
Software to the event industry
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.
software for strength coaches
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.
Referral program software for any business|Word of mouth on autopilot
Veterinary Appointment Scheduling
Student engagement and retention software
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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.
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.