The Top Application Development Software SaaS Companies

As of Jan 2020, these 286 SaaS companies are the largest in the Application Development Software space. (Click to apply)

This list tracks the largest private B2B Application Development Software SaaS companies by revenue. In total, this list features 286 companies with combined revenues of $9.7B.

These companies have raised a total of $120.5M. Together, these Application Development Software saas companies serve 833M customers and employ over 42K on their teams.

$0 - $1M ARR
  1. MindK $990.0K
  2. Brandbook $973.5K
  3. Ubeya $939.2K
  4. StriveCloud $936.2K
  5. Glide Apps $912.0K
$1M - $5M ARR
  1. Payrix $5.0M
  2. Taplytics $4.9M
  3. CricHQ $4.8M
  4. Celtra $4.6M
$5M - $10M ARR
  1. Voices.com $10.0M
  2. Bubble $10.0M
  3. Skuid $9.1M
$10M+ ARR
  1. Workday $4.3B
  2. Okta $835.4M
  3. DigitalOcean $357.0M
  4. Bandwidth $343.1M
  1. 01
    Workday

    Workday

    Application Development Software

    Workday is a software-as-a-service provider that offers enterprise resource planning software for medium and large enterprises. The firm's roots are in ERP software vendor PeopleSoft, which was founded by Workday cofounder David Duffield, while fellow Work

    $4B

    $231M

    8K

    14K

    2005

    Application Development Software

  2. 02
    Masmovil Telecom 3.0

    Masmovil Telecom 3.0

    Application Development Software

    Provider of mobile telecommunication services in Spain. The company offers universal telecommunications services including fixed, mobile, ADSL, fiber, datacenter and value added services to residential customers, businesses and operators.

    $2B

    18M

    2K

    1997

    Application Development Software

  3. 03
    Okta

    Okta

    Application Development Software

    Okta Inc is an independent provider of identity for the enterprise. It pioneered identity in the cloud. The Okta Identity Cloud enables customers to secure their users and connect them to technology, anywhere, anytime and from any device. The Okta Identity

    $835M

    $454M

    4K

    4K

    2009

    Application Development Software

  4. 04
    DigitalOcean

    DigitalOcean

    Application Development Software

    DigitalOcean is a cloud computing platform that provides a cloud platform to deploy, manage, and scale applications of any size. Its infrastructure and platform-as-a-service solutions provide a no DevOps required experience, allowing developers to focus th

    $357M

    $455M

    700K

    619

    2012

    Application Development Software

  5. 05
    Bandwidth

    Bandwidth

    Application Development Software

    Bandwidth is a Communications Platform as a Service company.

    $343M

    $21M

    600

    836

    1999

    Application Development Software

  6. 06
    Appian

    Appian

    Application Development Software

    Discover the power of low-code automation. Appian is the only leader recognized by industry analysts -- in automation, low-code, and case management.

    $305M

    $48M

    40K

    1K

    1999

    Application Development Software

  7. 07
    Icertis

    Icertis

    Application Development Software

    Icertis is an enterprise contract management platform in the cloud that solves hard contract management problems on an easy to use platform. With Icertis, companies can accelerate business by increasing contract velocity, protect against risk by ensuring r

    $165M

    $291M

    160

    1K

    2009

    Application Development Software

  8. 08
    Out Systems

    Out Systems

    Application Development Software

    OutSystems, a modern application platform that enables organizations of all sizes to deftly tackle any kind of critical application - from legacy modernization and workplace innovation to customer experience transformation.

    $145M

    $572M

    300K

    2K

    2001

    Application Development Software

  9. 09
    TechValidate Software

    TechValidate Software

    Application Development Software

    Developer of marketing automation software for electronics, finance, telecom, healthcare, and other sectors. The company's web-based software platform automates the creation of marketing content based on the voice of real users by collecting and transformi

    $133M

    2K

    2007

    Application Development Software

  10. 10
    Kolibri Games

    Kolibri Games

    Application Development Software

    Kolibri Games – A mobile games studio aspiring to be the most player-oriented games company in the world.

    $92M

    $19M

    150K

    132

    2016

    Application Development Software

1-10 of 286

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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.