Smartsheet Inc.

Last updated
Smartsheet Inc.
Formerly
  • Navigo Technologies, Inc. (2005–2006)
  • Smartsheet.com, Inc. (2006–2017)
Company type Public
Founded2005;19 years ago (2005)
Founders
  • Maria Colacurcio
  • Brent Frei
  • Eric Brown
Headquarters Bellevue, Washington, U.S.
Key people
  • Michael Gregoire (chairman)
  • Mark Mader (CEO)
Products Smartsheet
RevenueIncrease2.svg US$958 million (2024)
Increase Negative.svgUS$−120 million (2024)
Increase Negative.svgUS$−105 million (2024)
Total assets Increase2.svgUS$1.34 billion (2024)
Total equity Increase2.svgUS$606 million (2024)
Number of employees
3,330 (2024)
Website smartsheet.com
Footnotes /references
Financials as of January 31,2024. [1]

Smartsheet Inc. is an American publicly listed company that develops and markets the Smartsheet application. As of 2023, it had over 3,000 employees, and is headquartered in Bellevue, Washington. [2] The company was founded in the summer of 2005, shortly after co-founder Brent Frei sold his prior company, Onyx Software. [3] [4] [5] Initially it was funded mostly by Frei. [3] About a year after its founding, Smartsheet had raised $4 million in funding and had just nine employees. [4] By early 2012 it had raised $8.2 million in funding over three rounds and hired its first salesperson. [6] [7]

Contents

After the Smartsheet software was redesigned in 2010, the company's revenues grew by more than 100 percent each year, for four consecutive years. [8] It raised $26 million in funding in December 2012 [9] [7] and another $35 million in May 2014. [6] In 2017, the company raised an additional $52.1 million in funding. [10] In 2018, it was announced that Smartsheet acquired Converse.AI, a Scotland-based company that develops software for creating business automation bots. [11]

The company began trading on the New York Stock Exchange on April 27, 2018. [12] In May 2019, Smartsheet announced it had acquired 10,000 ft, a SaaS platform that provides real-time resource and capacity planning. [13]

In September 2024, Vista Equity Partners and Blackstone announced their intent to buy Smartsheet for $8.4 billion in cash, at $56.50 per share. [14]

Executive Team

[15]

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References

  1. ↑ "Smartsheet Inc. Form 10-K for the fiscal year ended January 31, 2024". U.S. Securities and Exchange Commission. March 20, 2024.
  2. ↑ Martin, Dylan (January 19, 2017). "A Seattle Tech Company Is Expanding to Boston With Plans to Hire 140". BostInno. Retrieved March 2, 2017.
  3. 1 2 Strauss, Karsten (March 12, 2013). "Former Microsoft Analyst Wants To Disrupt MS Excel, Project". Forbes. Retrieved September 11, 2015.
  4. 1 2 Cook, John (June 14, 2007). "Bellevue startup gets $2.69 million financing deal". seattlepi. Hearst Seattle Media. Retrieved September 11, 2015.
  5. ↑ Hack, Greg (April 2, 2015). "Arena designer Populous also manages events inside". The Kansas City Star. Retrieved September 13, 2015.
  6. 1 2 Romano, Benjamin (May 5, 2014). "Smartsheet Wins Big Customers, $35M From Sutter Hill Ventures". Xconomy. Retrieved September 11, 2015.
  7. 1 2 "Smartsheet Grabs $26M After 'De-Enterprising' its Collaboration Software" . WSJ. December 3, 2012. Retrieved September 11, 2015.
  8. ↑ "100 Best Companies to Work For 2014: Midsize Companies – Washington and Puget Sound Business News Source". Seattle Business Magazine. July 2014. Retrieved September 11, 2015.
  9. ↑ Grant, Rebecca (December 3, 2012). "Smartsheet gets $26M to keep enterprise workflow under control". VentureBeat. Retrieved September 11, 2015.
  10. ↑ "Work management startup Smartsheet raises $52.1 million, claims a $852 valuation". VentureBeat. May 24, 2017. Retrieved June 1, 2017.
  11. ↑ "Smartsheet acquires business automation chatbot startup Converse.AI | VentureBeat". venturebeat.com. 16 January 2018.
  12. ↑ Novet, Jordan (27 April 2018). "Software company Smartsheet spikes in IPO". CNBC . Retrieved 27 April 2018.
  13. ↑ "Bellevue's Smartsheet Acquires Seattle Tech Company 10,000ft". Seattle Business Magazine. 2019-05-02. Retrieved 2019-09-10.
  14. ↑ Chapman, Michelle (2024-09-24). "Vista, Blackstone buying software maker Smartsheet for about $8.4 billion". Associated Press .
  15. ↑ "Leadership | Smartsheet".
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