Vista Equity Partners, led by billionaire Robert F. Smith, is partnering with Blackstone to acquire Smartsheet, the popular enterprise work management platform. The all-cash deal values Smartsheet at approximately $8.4 billion, marking one of the largest recent acquisitions in the software space. Under the terms of the agreement, the two firms will pay $56.50 per share, a 41% premium to Smartsheet’s 90-day average stock price. Smartsheet’s Continued Growth With New Partners Smartsheet has been a key player in the enterprise work management sector, serving millions of users, including 85% of
The Hidden Genius Project, a nonprofit for Black male youth in tech, is coming to the Formula 1 racetrack thanks to the Sponsor X initiative. McLaren Racing partner Smartsheet launched the Sponsor X initiative at the Australian Grand Prix earlier this year. Now, for this weekend’s US Grand Prix, McLaren Racing partner Smartsheet is replacing its logo on the McLaren race cars and all marketing activities with The Hidden Genius Project’s logo. Smartsheet will also work with the nonprofit to bring tech education to local youth ahead of the racing event. What
