Smartsheet

01. Company

Smartsheet is a cloud-based project management and collaboration platform founded in 2005 ^[1]. Headquartered in Bellevue, Washington, the company employs over 3,000 people ^[2]. It went public in 2018 and was acquired by Vista Equity Partners and Blackstone in 2025 for $8.4 billion ^[3]. The company generates over $1 billion in annual revenue and serves more than 85% of Fortune 500 companies ^[4]. The platform supports enterprise work management across diverse industries.

02. Product

Smartsheet offers an Intelligent Work Management platform that enables teams to plan, track, and automate processes ^[5]. The platform features spreadsheet-style interfaces, Gantt charts, resource management, and workflow automation ^[6]. It supports enterprise-grade security and is used across various departments for project tracking and collaboration ^[7]. Recent updates include enhanced forms submission, Data Shuttle workflow deletion, and TLS cipher suite updates for stronger encryption ^[8]. The software integrates with broader enterprise ecosystems.

03.Security & Risk

Smartsheet maintains a robust security program with certifications including SOC 2, ISO 27001:2013, ISO 27018:2019, and ISO 27701:2019 ^[9]. Customer data is hosted on Amazon Web Services (AWS), which holds its own ISO 27001 and SOC certifications ^[10]. The company employs least privilege access controls, supply chain security tools, and regular third-party audits ^[11]. A dedicated Trust Center provides transparency on security, compliance, and privacy practices ^[12]. Independent auditors regularly review these measures.

04. Events

• [other] Staff Layoffs

  Conducted staff reductions as part of post-acquisition restructuring.

  Feb 4, 2026, 12:00 AM · Source

• [other] Corporate Acquisition

  Acquired by Vista Equity Partners and Blackstone for $8.4 billion.

  Jan 1, 2025, 12:00 AM · Source

• [legal] Securities Class Action Lawsuit

  Lawsuit filed alleging improper stock repurchases during acquisition negotiations.

  Nov 14, 2024, 12:00 AM · Source

05. Recent News

In late 2024, Smartsheet faced a securities class action lawsuit alleging improper stock repurchases during acquisition negotiations ^[13]. The company agreed to be acquired by Vista Equity Partners and Blackstone in September 2024 for $8.4 billion, returning to private status ^[14]. In February 2026, Smartsheet conducted staff layoffs as part of post-acquisition restructuring ^[15]. Product updates continue to focus on accessibility, encryption upgrades, and workflow automation enhancements ^[16]. Market observers note ongoing platform evolution.

06. Citations

1. [1] Smartsheet is a cloud-based project management and collaboration platform founded in 2005. Smartsheet - Wikipedia
2. [2] Headquartered in Bellevue, Washington, the company employs over 3,000 people. About Smartsheet | Smartsheet
3. [3] It went public in 2018 and was acquired by Vista Equity Partners and Blackstone in 2025 for $8.4 billion. Smartsheet layoffs: Enterprise software giant cuts staff - GeekWire
4. [4] The company generates over $1 billion in annual revenue and serves more than 85% of Fortune 500 companies. Smartsheet | LinkedIn
5. [5] Smartsheet offers an Intelligent Work Management platform that enables teams to plan, track, and automate processes. Smartsheet Jobs, Company Overview & Careers
6. [6] The platform features spreadsheet-style interfaces, Gantt charts, resource management, and workflow automation. 7 Best Smartsheet Competitors & Alternatives in 2026 - Celoxis®
7. [7] It supports enterprise-grade security and is used across various departments for project tracking and collaboration. Smartsheet | LinkedIn
8. Recent updates include enhanced forms submission, Data Shuttle workflow deletion, and TLS cipher suite updates for stronger encryption.

10. Vendor response

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