Blackstone and Vista Equity Partners to acquire Smartsheet for $8.4bn.

Private equity firms Blackstone and Vista Equity Partners agreed to acquire Smartsheet, a cloud-based work management platform, for $8.4bn. “For more than a decade, we have built a thriving community of employees, partners, and customers, each focused on building and benefiting from Smartsheet’s industry-leading work management platform. Our next phase of growth and customer success is underway, and we look forward to partnering with Blackstone and Vista Equity Partners to accelerate our vision of modernizing work management for enterprises, globally. This transaction is a testament to our employees’ outstanding work in serving customers and partners, and building an enterprise-grade, market-leading platform. As we look to the future, we are confident that Blackstone and Vista’s expertise and resources will help us ensure Smartsheet remains a great place to work where our employees thrive, while driving innovation and delivering even greater value for customers and stakeholders,” Mark Mader, Smartsheet CEO.