Smartsheet Inc.

Who owns Smartsheet now?

Smartsheet is owned by funds managed by Blackstone and Vista Equity Partners, which completed an $8.4 billion acquisition on January 22, 2025. The company is private and no longer trades on the NYSE.

Is Smartsheet still a public company?

No. Smartsheet was delisted from the New York Stock Exchange when the take-private deal closed in January 2025. It previously traded under ticker SMAR from 2018 to 2025.

Who is the CEO of Smartsheet?

Rajeev Singh became CEO in October 2025. He succeeded interim CEO Sunny Gupta, who remains executive chair, and longtime CEO Mark Mader, who retired in September 2025.

How much revenue does Smartsheet make?

Smartsheet generated more than $1.1 billion in annualized recurring revenue as of its last public reporting, and as a private company it reports revenue above $1 billion annually with 100,000-plus customers.

Where is Smartsheet headquartered?

Smartsheet is headquartered in Bellevue, Washington, in the Seattle metropolitan area, where it was founded in 2005.

What does Smartsheet do?

Smartsheet sells a cloud platform for enterprise work management: project tracking, automation, dashboards, resource management and AI-assisted planning, presented in a familiar spreadsheet-style interface.

Brent Frei founded Smartsheet in Bellevue in 2005 after selling his previous company, Onyx Software. The original product was a strict project management tool that failed commercially in its first year. Frei nearly shut it down before relaunching in 2008 with a friendlier spreadsheet-style interface, a change that turned it into a viable business.

Mark Mader joined as CEO in 2006 and ran the company for nearly two decades. Smartsheet grew through the 2010s as an enterprise standard for collaborative work management, went public on the NYSE in April 2018, and expanded with acquisitions including 10,000ft for resource management, Brandfolder for digital asset management, and Outfit for document automation.

The platform crossed $1 billion in annualized recurring revenue in 2024. That September, Smartsheet announced a definitive agreement to be acquired by Blackstone and Vista for $56.50 per share in cash. Shareholders approved the deal in December and it closed January 22, 2025, ending seven years as a public company.

Leadership transitioned through 2025. Mader retired at the end of September, former Apptio CEO Sunny Gupta stepped in as acting CEO and executive chair, and technology veteran Rajeev Singh, founder of Accolade and a former Concur executive, was appointed permanent CEO in October 2025.

The take-private closed January 23, 2025 at $56.50 per share, ending a seven-year run as a public company. For a business still growing revenue 15-plus percent annually but carrying the stock price scars of the 2021 SaaS correction, private ownership offered what public markets would not: patience to rebuild margins and modernize the product without quarterly earnings scrutiny. The enterprise value of roughly $8.4 billion made it one of the year's larger software take-privates.

Smartsheet has appeared repeatedly in the Gartner Magic Quadrant for collaborative work management as a Leader and has been named to Fortune's lists of best workplaces in technology. It also received recognition from Fast Company and G2 as a leading work management platform.