These are the top SaaS companies in Utah, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Utah by featuring these 139 companies with combined revenues of $2.2B.
Together, Utah SaaS companies employ over 16K employees, have raised $834.6M capital, and serve over 30M customers around the world.
CRM and Related Software
Qualtrics is a privately held experience management company, with co-headquarters in Provo, Utah and Seattle, Washington, in the United States.|Qualtrics is a single system of record for all experience data, managing customer, product, employee, and brand
Instructure is a provider of a cloud-based learning management system. The company offers tools for instructors and students that are designed to integrate drag-and-drop file uploaders, HTML 5 video, automatic speech-to-text conversion applications, as wel
Real Estate Software
Entrata's property management software connects all of your data & processes, allowing you to create better experiences for prospects, residents, & employees.
Collaboration & Productivity Software
Workfront is a Lehi, Utah-based software company that develops web-based work management and project management software that features enterprise work management, issue tracking, document management time tracking and portfolio management.|Workfront provide
Scorpion exists to better local small businesses and the communities they serve.
Financial Services Software
Divvy software gives you complete control and real-time visibility into company spending while eliminating the hassle of expense reports. Divvy is a secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and
Customer Service Software
Podium is a privately held technology company headquartered in Lehi, Utah that develops cloud-based software to help businesses modernize customer interactions, such as messaging and customer feedback, and improve their online reputations.
XANT delivers the industry-leading sales engagement AI platform powered by Real DataTM. XANT provides solutions that accelerate revenue by enabling (sales) teams to build a better pipeline and close more deals. Our core differentiation stems from RealData
Financial Services Software
Provider of an online loan service for small scale enterprises. The company offers a platform for connecting small business owners with active banks, credit unions and other lending sources.
MetaSource is a provider of business process outsourcing and management services. It offers back office and content management services that support customer services, transactions and line of business applications. The company serves different industries
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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.