Enterprise Software Public Company SaaS Valuations for Q2 2014

Once a year I like to inventory the public company SaaS valuations (see 2013, 2012 and 2010). Earlier this year SaaS valuations shot up a good bit, but have subsequently come back down over these past few weeks. We’ve also had several SaaS companies acquired over the past year including ExactTarget, Eloqua, and Responsys as well as new IPOs like Cvent and ChannelAdvisor.

• salesforce.com (NYSE:CRM) – customer relationship management SaaS company.
  Market cap: $30.86 billion
  Last reported quarter’s revenues: $1,145 million
  Employees: 13,300
• NetSuite (NYSE:N) – enterprise resource planning (accounting, inventory, etc) SaaS company.
  Market cap: $5.53 billion
  Last reported quarter’s revenues: $122.96 million
  Employees:  2,434
• Constant Contact (NASDAQ:CTCT) – email marketing for small business SaaS company.
  Market cap: $874.21 million
  Last reported quarter’s revenues: $78.87 million
  Employees: 1,235
• LogMeIn (NASDAQ:LOGM) – remote machine access SaaS company.
  Market cap: $981.18 million
  Last reported quarter’s revenues: $49.02 million
  Employees: 675
• LivePerson (NASDAQ:LPSN) – live chat SaaS company.
  Market cap: $506.71 million
  Last reported quarter’s revenues: $47.83 million
  Employees: 796
• Demandware (NYSE:DWRE) – ecommerce SaaS company.
  Market cap: $1.69 billion
  Last reported quarter’s revenues: $35.54 million
  Employees:  383
• Marketo (NASDAQ:MKTO) – marketing automation SaaS company.
  Market cap: $950.39 million
  Last reported quarter’s revenues: $32.29 million
  Employees: 519
• ServiceNow (NYSE:NOW) – IT asset management SaaS company.
  Market cap: $6.66 billion
  Last reported quarter’s revenues: $139.09 million
  Employees: 1,830
• Workday (NYSE:WDAY) – HR and financial management SaaS company.
  Market cap: $12.48 billion
  Last reported quarter’s revenues: $141.87 million
  Employees: 2,600
• Cvent (NYSE:CVT) – Events management SaaS company.
  Market cap: $990.58 million
  Last reported quarter’s revenues: $30.70 million
  Employees: 1,450
• ChannelAdvisor (NYSE:ECOM) – Ecommerce channel management SaaS company.
  Market cap: $542.43 million
  Last reported quarter’s revenues: $19.34 million
  Employees: 216

Valuation wise, the two biggest movers were Constant Contact and Demandware doubling in value over the past 12 months. SaaS/cloud computing companies continue to command larger valuations relative to other technology companies.

What else? What are some other observations on public company SaaS valuations?