Top SaaS Companies in Michigan

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

These are the top SaaS companies in Michigan, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Michigan by featuring these 62 companies with combined revenues of $728.4M.

Together, Michigan SaaS companies employ over 9K employees, have raised $12.3M capital, and serve over 26K customers around the world.

$0 - $1M ARR
  1. Nematron $884.5K
  2. Everdays $874.5K
  3. Towbook $839.0K
  4. Memloom $770.4K
  5. Amplifinity $628.7K
$1M - $5M ARR
  1. Nutshell $4.7M
  2. EScan $4.5M
  3. Blumira $3.3M
$5M - $10M ARR
  1. Whiplash $9.6M
  1. 01
    Altair Technologies

    Altair Technologies

    Information Technology Software

    Developer of over-the-top technologies. The company offers a software for over-the-top streaming services and video on demand.

    $470M

    5K

    3K

    2005

    Michigan

  2. 02
    Ciber Global

    Ciber Global

    Information Technology Software

    $148M

    0

    4K

    1974

    Michigan

  3. 03
    Workplace Systems International

    Workplace Systems International

    Workforce Management Software

    Provider of cloud based workforce management services. The company primarily focuses on the development and supply of software products for workplace management. It provides schedule management, attendance management, forecasting labour demand, advanced sc

    $30M

    0

    637

    1986

    Michigan

  4. 04
    Infinisource

    Infinisource

    Software As A Service Platform(Saas)

    Infinisource is a provider of compliance and employees benefit administration services. The company provides administration and advisory services for Consolidated Omnibus Budget Reconciliation Act. The company was founded in 1986 and is headquartered in Co

    $12M

    17K

    142

    1986

    Michigan

  5. 05
    Whiplash

    Whiplash

    E-Commerce Software

    Order fulfillment for eCommerce

    $10M

    400

    15

    2007

    Michigan

  6. 06
    Getambassador

    Getambassador

    CRM and Related Software

    Ambassador is the world-leading referral marketing software, running today’s most popular referral programs. Visit us to learn, buy, and get support.

    $9M

    375

    46

    2010

    Michigan

  7. 07
    Nutshell

    Nutshell

    CRM and Related Software

    Sales automation for SMBs.

    $5M

    $750K

    3K

    29

    2010

    Michigan

  8. 08
    FreightVerify

    FreightVerify

    Delivery Service Software

    Developer of a supply chain technology company intended to offer real-time transportation visibility and business intelligence. The company's technology helps in simplifying complex global supply chains to help with aspects like manufacturing, distribution

    $5M

    $10M

    0

    61

    2014

    Michigan

  9. 09
    EScan

    EScan

    Security Software

    Developer of enterprise security software designed to provide protection against cyber threats. The company's enterprise security software includes anti-virus, anti-spyware, content security, anti-spam and network intrusion prevention software, enabling en

    $4M

    0

    161

    1993

    Michigan

  10. 10
    Blumira

    Blumira

    Security Software

    Developer of a security platform designed to detect cyber threat. The company's platform specializes in identifying, detecting, deceiving and defeating malware, data leakage, cyber and ransomware attacks caused to the core assets of the company, enabling I

    $3M

    $3M

    0

    41

    2018

    Michigan

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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.