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software space

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