Top SaaS Companies in Massachusetts

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

These are the top SaaS companies in Massachusetts, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Massachusetts by featuring these 67 companies with combined revenues of $2.9B.

Together, Massachusetts SaaS companies employ over 16K employees, have raised $1.4B capital, and serve over 521K customers around the world.

$0 - $1M ARR
    $1M - $5M ARR
      $5M - $10M ARR
        $10M+ ARR
          1. 11
            Wistia

            Wistia

            Authoring and Publishing Software

            Market your videos and shows

            $60M

            $1M

            50K

            128

            2006

            Massachusetts

          2. 12
            Getresponse

            Getresponse

            Office Software

            Email marketing from GetResponse. Send email newsletters, campaigns, online surveys and follow-up autoresponders. Simple, easy interface. FREE sign up.

            $60M

            100K

            371

            1998

            Massachusetts

          3. 13
            SilkRoad Technology

            SilkRoad Technology

            HR Software

            [SilkRoad](http://www.silkroad.com) is a global provider of cloud-based, end-to-end HR solutions that enable customers to find, attract, develop, and retain the best talent. The SilkRoad Life Suite includes Talent Acquisition, Talent Development, and HR

            $58M

            $202M

            2K

            398

            2003

            Massachusetts

          4. 14
            Cloudhealthtech

            Cloudhealthtech

            Healthcare Software

            CloudHealth Technologies is a privately held software company based in Boston, Massachusetts.

            $50M

            $86M

            4K

            300

            2012

            Massachusetts

          5. 15
            Localytics

            Localytics

            Development Software

            With our platform you get smarter analytics insights and mobile app marketing experiences that better engage your users. Check out a full list of features!

            $30M

            $60M

            600

            150

            2009

            Massachusetts

          6. 16
            Grasshopper

            Grasshopper

            Virtual Phone for Entrepreneurs

            $30M

            0

            30

            2003

            Massachusetts

          7. 17
            Workable

            Workable

            Talent Management Software

            Recruitment software

            $30M

            $50M

            20K

            321

            2012

            Massachusetts

          8. 18
            Numerated

            Numerated

            Vertical Industry Software

            Numerated solves banks’ sales crisis

            $26M

            $28M

            105

            70

            2017

            Massachusetts

          9. 19
            Gryphonnetworks

            Gryphonnetworks

            CRM and Related Software

            Gryphon Networks, a SaaS company located in Boston, is a leader in real-time cloud-based sales and marketing effectiveness. Gryphon's sales and marketing effectiveness SaaS provides you with the visibility of daily sales and marketing activities. Learn...

            $24M

            $10M

            50

            91

            1998

            Massachusetts

          10. 20
            Jobscience

            Jobscience

            Talent Management Software

            Automate your recruiting lifecycle and make up to 43% more placements with Bullhorn. Demo our leading applicant tracking system and CRM for staffing firms!

            $18M

            $3M

            500

            60

            1999

            Massachusetts

          11-20 of 73

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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.