Artificial intelligence-enhanced work management platform Smartsheet was sold for $8.4 billion. The deal, first announced in September and completed Wednesday (Jan. 22), makes Smartsheet a private company, held by funds managed by asset manager Blackstone and investment group Vista Equity Partners, according to a Wednesday press release.
Smartsheet is a private company again.
Smartsheet (SMAR -0.08%), a leader in collaborative work management software, released earnings for its fiscal 2025's third quarter on Dec. 5. Notably, the company also agreed to be acquired during the quarter.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KLM Kevin L. Mccreless CONCOURSE FINANCIAL GROUP SECURITIES Inc. | 17 | $0.94 | $1.02 | $0.08 | 8.51% |
| JM Janet Messer FRG Family Wealth Advisors LLC | 6,778 | $343.72 | $338.9 | -$4.82 | -1.4% |
Guillaume Binnendijk Cigogne Management SA | 97,850 | $5.48M | $5.48M | -$0.5 | - |
| - Industry | - Sector | Mr. Mark P. Mader CEO | NYSE Exchange | 83200N103 CUSIP |
| US Country | 3,330 Employees | - Last Dividend | - Last Split | 27 Apr 2018 IPO Date |
Smartsheet Inc., formerly known as Smartsheet.com, Inc., is an enterprise platform designed to optimize workflow and productivity for businesses and teams. With a rich suite of features for planning, capturing, managing, automating, and reporting on work, Smartsheet Inc. supports a wide range of sectors including aerospace, automotive, biotechnology, consumer goods, e-commerce, education, finance, government, healthcare, IT services, marketing, media, non-profit, publishing, software, technology, and travel. Since its inception in 2005, and its rebranding in 2017, Smartsheet Inc. has established itself as a key player in workplace collaboration and automation, with its headquarters in Bellevue, Washington.
This flagship product includes features such as Dashboards, Card View, Grid, Reports, Projects, Calendar, Forms, Automations, and Integrations, enabling users to capture and manage work in a flexible manner. WorkApps allows customers to create intuitive apps without extensive coding knowledge, leading to streamlined processes.
A more robust offering with enhanced capabilities for automating complex workflows and integrating data across platforms, designed for larger, more demanding enterprise environments.
These embedded integrations link Smartsheet with leading systems of record, simplifying data synchronization and workflow coordination between essential business tools.
Facilitates standardized work execution across organizations, ensuring consistent project delivery and operational efficiency.
Enables tailored collaboration with external vendors while maintaining confidentiality and data integrity, promoting secure and efficient cross-entity workflows.
Allows for the seamless upload and offload of data between Smartsheet and other established systems and databases, facilitating data centralization and accessibility.
This tool is designed to build intelligent workflows and automate business processes across different platforms, enhancing operational agility.
Helps businesses to effectively plan and allocate resources, ensuring optimal workload distribution and project success.
A digital asset management solution that assists in organizing, distributing, and analyzing content, enhancing brand visibility and control.
These additional tools further extend the functionality of Smartsheet by providing specialized capabilities for calendar management, data aggregation, and integration.