Top SaaS Companies in Tennessee

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

These are the top SaaS companies in Tennessee, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Tennessee by featuring these 75 companies with combined revenues of $305.2M.

Together, Tennessee SaaS companies employ over 3K employees, have raised $47.5M capital, and serve over 3M customers around the world.

$0 - $1M ARR
  1. Studionow $996.0K
  2. Bizen $993.4K
  3. Tricycle $958.3K
$1M - $5M ARR
  1. LASSO $2.2M
  2. Paradym $2.1M
$10M+ ARR
  1. Signix $132.0M
  2. RMI $20.4M
  3. Findley $17.0M
  4. Altus $14.2M
  1. 01
    Signix

    Signix

    Vertical Industry Software

    The industry leader in providing an independent, cloud-based e-signature solution that makes signing documents online secure and legal for any organization.

    $132M

    $18M

    700K

    50

    2002

    Tennessee

  2. 02
    RMI

    RMI

    Information Technology Software

    RMI is a leading independent provider of Transportation Management Software for carriers and shippers.

    $20M

    $143K

    0

    321

    1979

    Tennessee

  3. 03
    Findley

    Findley

    Insurance Software

    Findley is a provider of human resources consulting services. The company offers change management, financial performance, human resources effectiveness, market knowledge, risk management, talent management, actuarial consulting, defined benefit plan admin

    $17M

    0

    204

    1969

    Tennessee

  4. 04
    Altus

    Altus

    Collaboration & Productivity Software

    Altus is the premier choice for cloud-based business communications, providing companies with flexible and secure technologies that help employees and customers stay connected more easily. Whether looking for basic voice service, comprehensive unified com

    $14M

    0

    203

    2014

    Tennessee

  5. 05
    Enovate Medical

    Enovate Medical

    Healthcare Software

    Manufacturer and provider of mobile and wall-mounted clinical workstations. The company designs mobile and fixed workstation solutions and services which helps to document right at the bedside and improves clinical workflows and develops integrated worksta

    $10M

    0

    159

    2013

    Tennessee

  6. 06
    Tithe.ly

    Tithe.ly

    Financial Services Software

    Helping your church grow financially with fast, elegant and innovative solutions.

    $9M

    $20M

    0

    95

    2013

    Tennessee

  7. 07
    Cybera

    Cybera

    It Infrastructure Software

    Provider of cloud-based security and networking services. The company operates as a secure application network overlay that consolidates multiple network functions over any new or existing network connection. Secure SD-WAN lowers network complexity and cos

    $8M

    $38M

    90K

    104

    2001

    Tennessee

  8. 08
    Covenant Surgical Partners

    Covenant Surgical Partners

    Healthcare Software

    Operator of ambulatory surgery centers. The company develops surgery centers for offering therapeutic services for gastroenterology and ophthalmology.

    $8M

    $64M

    0

    217

    2008

    Tennessee

  9. 09
    Confirmation

    Confirmation

    Financial Services Software

    Capital Confirmation is a provider of electronic audit confirmation services. The company serves auditors and accounting firms. It's technology provides mobile application, which lets the clients to check audit confirmation statuses, manage alerts and sear

    $8M

    $60M

    2M

    107

    2000

    Tennessee

  10. 10
    XOi Technologies

    XOi Technologies

    Communication Software

    Developer of an enterprise platform intended to facilitate field service communication. The company's cloud-based platform leverages workflow automation and machine learning to streamline documentation of service calls, facilitate real-time remote support,

    $7M

    $17M

    16K

    81

    2010

    Tennessee

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Next

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.