SaaS “Industry-Centric” Business Models
OPEXEngine
NOVEMBER 22, 2022
Avalara provides tax compliance solutions for direct and indirect taxes. Online accounting software provider Xero, for example, was founded in 2006 and now trades publicly at a 22x Enterprise Value to TTM Revenue multiple. It’s easy to understand why Vertical SaaS companies developed more slowly than Horizontal SaaS companies.
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