The Top HR Software SaaS Companies

As of Jan 2020, these 60 SaaS companies are the largest in the HR Software space. (Click to apply)

This list tracks the largest private B2B HR Software SaaS companies by revenue. In total, this list features 60 companies with combined revenues of $1.8B.

These companies have raised a total of $526.8M. Together, these HR Software saas companies serve 2M customers and employ over 14K on their teams.

$0 - $1M ARR
  1. Kallidus $1.0M
  2. TalentHub $1.0M
  3. MeeWee $1.0M
  4. Itilite $960.0K
  5. Workpath $960.0K
$1M - $5M ARR
  1. Holded $4.0M
  2. Hubstaff $3.8M
  3. Ninety.io $3.3M
  4. x0pa $3.0M
$5M - $10M ARR
  1. 15Five $10.0M
  2. Apptivo $9.6M
  3. Lessonly $6.8M
  4. Hiremya $5.0M
$10M+ ARR
  1. Gusto $100.0M
  2. Hotschedules $100.0M
  3. Talentsoft $70.0M
  1. 01
    Ultimate-Software

    Ultimate-Software

    HR Software

    Ultimate Software is an American technology company that develops and sells UltiPro, a cloud-based human capital management software system for businesses.

    $1.1B

    6K

    5K

    1990

    HR Software

  2. 02
    Gusto

    Gusto

    HR Software

    Gusto develops web-based payroll solution for small- and medium-sized businesses. It operates an online platform that provides payroll, benefits, human resources, and integration services for employers and employees in the United States. Gusto offers healt

    $100.0M

    $516.1M

    1M

    1K

    2011

    HR Software

  3. 03
    Hotschedules

    Hotschedules

    HR Software

    Our software is designed to automate operational challenges like recruiting, training, scheduling, business intelligence, shift communication, labor and inventory management. Our world-class products include HotSchedules, HotSchedules Recruit, HotSched...

    $100.0M

    $20.0M

    160K

    600

    2000

    HR Software

  4. 04
    Predictiveindex

    Predictiveindex

    HR Software

    PI helps managers increase engagement through understanding their employees. Learn how to refine your company, grow your team, and develop leaders with PI.

    $80.0M

    8K

    367

    1955

    HR Software

  5. 05
    Talentsoft

    Talentsoft

    HR Software

    Founded in 2007, TalentSoft has climbed the rankings with record-breaking speed to take a leading position in SaaS-based Integrated Competencies and Talent Management; an unparalleled achievement in the French business software sector. Since its earliest d

    $70.0M

    $102.9M

    2K

    637

    2007

    HR Software

  6. 06
    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

    $58.1M

    $202.2M

    2K

    398

    2003

    HR Software

  7. 07
    Namely

    Namely

    HR Software

    Namely is the only HR, payroll, benefits, and talent management platform your employees will love. It’s more than HR software: It’s the compliance and benefits consulting you need.

    $40.0M

    $213.3M

    1K

    565

    2011

    HR Software

  8. 08
    Loginextsolutions

    Loginextsolutions

    HR Software

    SaaS for Logistics & Retail

    $32.4M

    $49.5M

    100

    200

    2014

    HR Software

  9. 09
    Yello

    Yello

    HR Software

    talent acquisition software

    $30.0M

    $46.0M

    600

    216

    2008

    HR Software

  10. 10
    Docebo

    Docebo

    HR Software

    Docebo is a software as a service platform for e-learning, also known as a learning management system.

    $28.0M

    $10.0M

    1K

    455

    2005

    HR Software

1-10 of 17

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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.

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