Smartsheet - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

Smartsheet M&A Summary

Smartsheet has acquired 4 companies of its own, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

Smartsheet’s largest acquisition to date was in 2020, when it acquired Brandfolder for $155M. Smartsheet has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (50%) and information technology (25%).

Smartsheet Ownership

Who owns Smartsheet?

Smartsheet is owned by The Blackstone Group and Vista Equity Partners. It was acquired on September 24, 2024.

Is Smartsheet PE-backed?

Yes. Smartsheet is owned by private equity investors The Blackstone Group and Vista Equity Partners.

Was Smartsheet formerly PE-backed?

Yes. Smartsheet was formerly owned by 2 private investors.

Smartsheet Business Overview

Where is Smartsheet headquartered?

Smartsheet is headquartered in Bellevue, Washington.

What is Smartsheet’s revenue?

Smartsheet disclosed revenue of 958M USD for 2024 and 767M USD for 2023.

How many employees does Smartsheet have?

Smartsheet has 3,341 employees.

What sector is Smartsheet in?

Smartsheet is an internet software and services company.

When was Smartsheet founded?

Smartsheet was founded in 2005.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

Smartsheet

Smartsheet, Inc.

500 108th Avenue NE, Suite 200,
Bellevue, Washington 98004
United States,
(844) 324-2360
www.smartsheet.com

Smartsheet is a SaaS platform for managing and automating collaborative work. The company delivers solutions for tens of thousands of paying customers and millions of information workers across more than 190 countries. Smartsheet was founded in 2005 and is based in Bellevue, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 1 - 1 - - 4
vol $155M $155M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
On Brand Investments Pty Ltd. 2022-09-01 - Add-on Acquisition
Brisbane, Australia · www.outfit.io
Brandfolder, Inc. 2020-08-24 155M USD Add-on Acquisition
Denver, Colorado · www.brandfolder.com
TernPro, Inc. 2019-01-15 - Add-on Acquisition
Seattle, Washington · www.ternpro.com
Converse.AI, Inc. 2018-01-16 - Add-on Acquisition
San Francisco, California · www.converse.ai
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 2 (50%) 155M (100%) - -
Information Technology 1 (25%) - - -
Marketing 1 (25%) - - -
Total 4 $155M - -

By Geo

State/Country Buy Value Sell Value
United States 3 155M - -
  Washington 1 - - -
  Colorado 1 155M - -
  California 1 - - -
Australia 1 - - -
Domestic 3 (75%) 155M (100%) - -
Cross-border 1 (25%) - - -
Total 4 $155M - -

Deal Values

buy # Total
$100M to $1B 1 $155M
TOTAL $155M
Largest Brandfolder, Inc.
$155M (2020-08-24)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)

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