Smartsheet Inc. develops and provides a cloud-based platform for work execution and management, that allows teams and organizations to plan, capture, manage, automate, and report on work processes. The company offers implementation services, solution packages, and general support for its platform, along with consulting services that include advisory, custom development, and custom implementation. Technical account management, professional services bundles, technical assessments, and optimization services such as solution health checks are available. Smartsheet University delivers elearning, instructor-led training, and certification programs, while additional offerings include technical support, self-service help resources, and tools for IT portfolio management, services delivery, marketing management, business project management, resource management, and product development lifecycle management. The company serves nonprofit organizations, small businesses, and large enterprises, including those within the Fortune 500, as well as professional clients in IT, service delivery, marketing, and project management industries. The company was founded in 2005 and is based in Bellevue, Washington.
Acquisition Dynamics | Explore Smartsheet's $8.4 billion acquisition by Blackstone and Vista Equity Partners, marking a pivotal moment for the cloud-based work execution platform provide |
Financial Resilience | Delve into Smartsheet's impressive 81.68% gross profit margins and strong balance sheet, despite mixed growth signals and decelerating Annual Recurring Revenue |
Strategic Evolution | Learn about Smartsheet's new pricing model and enterprise focus, aimed at bolstering growth and navigating an increasingly competitive work management landscape |
Valuation Insights | Analyst price targets range from $43 to $59, with recent adjustments to $56.50 following the acquisition announcement, reflecting varied views on Smartsheet's potential |