Publicly Traded SaaS Company Valuations

In December of 2010 I wrote a post titled Publicly Traded SaaS Companies detailing the companies, market cap, quarterly revenues, and number of employees. Since that post the numbers have moved upwards nicely along with a couple being acquired (SuccessFactors and Taleo) and a few new ones going public (Responsys, ExactTarget, and Demandware). Let’s take a look at the current numbers:

• salesforce.com (NYSE:CRM) – customer relationship management SaaS company.
  Market cap: $21.52 billion
  Last reported quarter’s revenues: $631.9 million
  Employees: 7,785
• NetSuite (NYSE:N) – enterprise resource planning (accounting, inventory, etc) SaaS company.
  Market cap: $3.45 billion
  Last reported quarter’s revenues: $64.09 million
  Employees:  1,265
• Constant Contact (NASDAQ:CTCT) – email marketing for small business SaaS company.
  Market cap: $873.79 million
  Last reported quarter’s revenues: $57.53 million
  Employees: 926
• SuccessFactors – human resources SaaS company.
  Bought by SAP for $3.4 billion
• Taleo – human resources SaaS company.
  Bought by Oracle for $1.9 billion
• LogMeIn (NASDAQ:LOGM) – remote machine access SaaS company.
  Market cap: $846.84 million
  Last reported quarter’s revenues: $32.32 million
  Employees: 482
• LivePerson (NASDAQ:LPSN) – live chat SaaS company.
  Market cap: $899.43 million
  Last reported quarter’s revenues: $36.51 million
  Employees: 524
• Responsys (NASDAQ:MKTG) – email marketing SaaS company.
  Market cap: $587.27 million
  Last reported quarter’s revenues: $37.24 million
  Employees: 693
• Demandware (NYSE:DWRE) – ecommerce SaaS company.
  Market cap: $774.98 million
  Last reported quarter’s revenues: ~$15 million
  Employees:  215
• ExactTarget (NASDAQ:ET) – email marketing SaaS company.
  Market cap: $1.62 billion
  Last reported quarter’s revenues: ~$50 million
  Employees: ~1,100

The companies that get the largest premium are the leaders in their space and have the fastest growth rates. In almost all cases market cap, quarterly revenues, and employees have grown since the last report 16 months ago. Software-as-a-Service continues to be hot.

What else? What are your thoughts on publicly traded SaaS company valuations?