These are the top SaaS companies in New Jersey, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for New Jersey by featuring these 10 companies with combined revenues of $299.5M.
Together, New Jersey SaaS companies employ over 1K employees, have raised $20.3M capital, and serve over 8K customers around the world.
Talent Management Software
ICIMS applicant tracking system (ATS) and recruiting software are designed to help you find and recruit the best talent while engaging the right candidates.
OwnBackup is a cloud-to-cloud backup and restore vendor, which provides secure, automated, daily backups of SaaS and PaaS data, as well as data compare and restore tools for disaster recovery. The company, which covers data loss and corruption caused by hu
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Email Marketing Software
Maximizing Email Open Rates
Marketing personalization for Supermarket retail
Stay ahead of threats with our virtual cyber fusion solutions for threat intelligence sharing and analysis, threat response, and security automation.
Information Technology & Services
Kickass Booze Piñatas Delivered
Grow Revenue of Multichannel Sellers
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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.