Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Quick Summary:

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash.

The private equity firms say that the deal values publicly-traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price.

By 2010, Smartsheet had over a million users across 20,000 organizations, integrations with Office 365 and Microsoft Azure, and an iOS app.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United StatesIndia

Topics: Workplace collaboration Funding Blackstone SaaS Visa equity partners Merger Acquisition Enterprise Smartsheet

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 13:18:04 (4 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 913 words

Reading Time: 6 minutes read

Sentences: 55 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22696358

View Article Analysis

About TechCrunch

Main Topics: Technology

Official Website: techcrunch.com

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #20

Publisher Details

Frequently Asked Questions