Press release

Smartsheet Acquires 10,000ft to Enhance Resource Management Capabilities

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Sponsored by Businesswire

Smartsheet (NYSE: SMAR), a leading cloud-based platform for work
execution, today announced that it has acquired 10,000ft,
a SaaS platform that enables organizations to improve decision making
and forecasting through real-time capacity planning, resource
management, and reporting.

“Effective resource management is a mission critical need for many
organizations today, yet most tools specializing in capacity planning
are overly complex and costly to manage,” said Mark Mader, CEO of
Smartsheet. “10,000ft offers a unique combination of enterprise-grade
functionality with simplicity and ease-of-use, aligning with our vision
to empower everyone to more effectively plan, track, automate, and
report on work.”

Founded in 2012, 10,000ft provides an intuitive, dynamic way for
organizations to plan and manage resources across a portfolio of
projects, track time by initiative, and build accurate forecasts using
real-time insights. 10,000ft has more than 1,000 customers, including
some of the world’s most innovative brands across consulting,
advertising and creative agencies, consumer products, and technology.

“10,000ft was designed to help organizations make more confident
operational decisions across their portfolio of work. Those could be
decisions about who is best suited to work on a specific initiative,
what pipeline projects need staffing or the forecast for hiring,” said
Anne Prins, Vice President of Growth at 10,000ft. “We’re excited to join
the Smartsheet team to empower more users in more industries to leverage
resource management to improve how they work.”

With the integration of 10,000ft, Smartsheet customers will benefit from
the ability to plan and allocate resources across their projects,
optimize resource allocation by function or skill set, track time
against forecast, and gain real-time portfolio level visibility into the
status of budgets and deliverables.

In addition, 10,000ft’s technology significantly strengthens
Smartsheet’s value proposition for customers in the marketing and
professional services segments and complements Smartsheet’s content
collaboration technology (digital asset proofing and mark-up) acquired
via the acquisition of Slope in January 2019.

Additional details regarding the financial impact of the acquisition
will be provided in conjunction with our first quarter of fiscal year
2020 earnings announcement.

About Smartsheet

Smartsheet is a leading cloud-based platform for work execution,
empowering organizations to plan, capture, track, automate, and report
on work at scale, resulting in more efficient processes and better
business outcomes. Smartsheet empowers collaboration, drives better
decision making, and accelerates innovation for over 78,000 customers in
190 countries. Smartsheet complements existing enterprise investments by
deeply integrating with applications from Microsoft, Google, Salesforce,
Atlassian, and many others. Smartsheet has been recognized by 451
Research
for exceptional technology innovation and positioned as a
leader in the Forrester
Wave™
evaluation of Collaborative Work Management Tools for the
Enterprise.

Forward-Looking Statements

This press release may contain “forward-looking” statements that are
based on our management’s beliefs and assumptions and on information
currently available to management. Forward-looking statements include,
but are not limited to, statements about acquisitions and the prospects
thereof, Smartsheet’s growth and growth plans, expectations regarding
possible or assumed business strategies, potential growth and innovation
opportunities, new products, and potential market opportunities.

Forward-looking statements generally relate to future events or our
future financial or operating performance. Forward-looking statements
include all statements that are not historical facts and can be
identified by terms such as “believes,” “continue,” “could,” “plans,”
“potential,” “remain,” “will,” “would” or similar expressions and the
negatives of those terms. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. These risks include, but are not limited to,
risks and uncertainties related to: our ability to achieve future growth
and sustain our growth rate, our ability to attract and retain
employees, our ability to attract and retain customers and increase
sales to our customers, our ability to develop and release new products
and services and to scale our platform, our ability to increase adoption
of our platform through our self-service model, our ability to maintain
and grow our relationships with strategic partners, the highly
competitive and rapidly evolving market in which we participate, our
ability to identify targets for, execute on or realize the benefits of
potential acquisitions, and our international expansion strategies.
Further information on risks that could cause actual results to differ
materially from forecasted results is included in our filings with the
U.S. Securities and Exchange Commission, including our Annual Report on
Form 10-K for the period ended January 31, 2019 filed with the SEC on
April 1, 2019. Any forward-looking statements contained in this press
release are based on assumptions that we believe to be reasonable as of
this date. Except as required by law, we assume no obligation to update
these forward-looking statements, or to update the reasons if actual
results differ materially from those anticipated in the forward-looking
statements.