These are the top SaaS companies in Texas, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Texas by featuring these 635 companies with combined revenues of $7.9B.
Together, Texas SaaS companies employ over 72K employees, have raised $177.7M capital, and serve over 87M customers around the world.
Customer Service Software
SourceHOV is a provider of transaction processing services (TPS) and enterprise information management (EIM) services. The company offers offers workflow management system and business process outsourcing (BPO) services. It specializes in transactions for
Cloud Computing Software
Provider and developer of drone related technology. The company develops a technology that help businesses to collect and analyze data from drone flights. It offers applications for commercial and residential real estate or construction companies.
Forcepoint was founded in 1994 as an information technology reseller called NetPartners.
Financial Services Software
Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable
It Infrastructure Software
Datapipe is a provider of managed hosting and cloud services. The company offers architecting, deploying and managing multi-platform hybrid IT solutions. The company continues to grow by making periodic small acquisitions. It was established in 1998 and is
Financial Services Software
Q2 Holdings Inc. is a provider of cloud-based virtual banking solutions for regional financial institutions to deliver mobile banking services to retail and commercial end-users who wish to bank anywhere and anytime. Its solutions operate on an integrated
Information Technology Software
ION Geophysical is a provider of geoscience technology services for the global oil and gas industry. The company operates through five business segments: data library, geophysical services, E&P advisors, operation optimization and acquisition system. Its s
BigCommerce is a privately held technology company and provides a SaaS ecommerce platform.
Digital Marketing Solutions
Provider of digital media services designed to optimize and improve digital campaign value and efficiency. The company offers integrated online reporting, effect analytics, KPIs (key performance indicators), pre-bidding solutions, commercial data and insig
WP Engine is a WordPress digital experience platform
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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.