Top SaaS Companies in South Carolina

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

These are the top SaaS companies in South Carolina, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for South Carolina by featuring these 39 companies with combined revenues of $87.5M.

Together, South Carolina SaaS companies employ over 3K employees, have raised $18.0M capital, and serve over 151K customers around the world.

$0 - $1M ARR
  1. in/PACT $808.7K
  2. Servosity $757.7K
  3. GreenWizard $686.2K
$1M - $5M ARR
  1. Mercom $4.1M
  2. Ceterus $3.4M
  3. Cavulus $1.7M
$5M - $10M ARR
  1. VC3 $8.6M
  2. PhishLabs $5.9M
  1. 01
    CSS International

    CSS International

    Crm And Related Software

    Provider of business process improvement services intended to help companies transform their business with oracle cloud. The company's business process improvement services includes managed services, supply chain planning, e-business suite, suite of applic

    $14M

    0

    242

    1997

    South Carolina

  2. 02
    Verian Technologies

    Verian Technologies

    Procurement Software

    Provider of web-based electronic procurement services. The company's solutions enables organizations to significantly reduce operational costs and increase efficiency by automating their entire procurement processes. It also helps midsized and large organi

    $11M

    $13M

    150K

    2K

    1998

    South Carolina

  3. 03
    VC3

    VC3

    Information Technology Software

    Provider of managed information technology hosting and support services. The company a full suite of cloud and managed IT services with a focus on higher value services including application management, infrastructure hosting, custom software and web devel

    $9M

    0

    181

    1994

    South Carolina

  4. 04
    Green Cloud Technologies

    Green Cloud Technologies

    Information Technology Software

    Provider of cloud services designed to offer value-added resellers, software, managed service providers and technology providers with turnkey infrastructure support. The company's cloud services which includes backup and disaster recovery enables customers

    $7M

    $21M

    0

    83

    2011

    South Carolina

  5. 05
    Benefitfirst

    Benefitfirst

    Financial Services Software

    Developer of a cloud-based benefits eligibility management product designed to automate and support an employer's complete benefits cycle with accuracy. The company's robust benefits eligibility management tool audits and transmits eligibility updates to c

    $7M

    0

    81

    1997

    South Carolina

  6. 06
    PhishLabs

    PhishLabs

    Security Software

    Provider of cyber-crime management platform intended to prevent and mitigate attacks. The company's cyber-crime management platform provides a comprehensive set of anti-phishing, anti-malware and other crime management services, enabling enterprises to red

    $6M

    $32M

    0

    162

    2008

    South Carolina

  7. 07
    Atlatlsoftware

    Atlatlsoftware

    CRM and Related Software

    We provide the next generation Visual CPQ

    $5M

    $15M

    250

    55

    2016

    South Carolina

  8. 08
    Mercom

    Mercom

    Information Technology Software

    Provider of information technology products and services intended to innovate the federal government. The company provides hardware or software services for specific purposes, network integration, offering technical and professional staff augmentation so t

    $4M

    0

    55

    2008

    South Carolina

  9. 09
    Ceterus

    Ceterus

    Erp Software

    Ceterus provides a done-for-you accounting and benchmarked reporting solution for multi-unit franchisees.

    $3M

    $27M

    200

    130

    2008

    South Carolina

  10. 10
    CareTeam Health Solutions

    CareTeam Health Solutions

    Healthcare Software

    Developer of a healthcare mobile application designed to facilitate intra-hospital communication between patients and caregivers. The company's cloud-based application creates a virtual chatroom to exchange health data, manage medical records and communica

    $3M

    $410K

    0

    36

    2016

    South Carolina

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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.