Vista and Blackstone in Talks to Acquire Smartsheet

Exclusive Report Highlights Potential Deal

Investment firm Vista Equity Partners and private equity giant Blackstone are reportedly in discussions to acquire software company Smartsheet, according to sources familiar with the matter. The deal, if finalized, could value Smartsheet at over $10 billion.

Smartsheet is a leading provider of cloud-based collaboration and project management tools. Its platform enables teams to manage projects, share documents, and communicate effectively. The company has a strong customer base of over 90,000 organizations, including Fortune 500 companies and government agencies.

The acquisition would mark a major move for both Vista and Blackstone. Vista has a history of investing in enterprise software companies, while Blackstone has been actively seeking to expand its technology portfolio. Smartsheet's strong market position and growth potential would make it a strategic addition to both firms' portfolios.

Key Points of the Potential Deal

• Vista and Blackstone are reportedly in talks to acquire Smartsheet.
• The deal could value Smartsheet at over $10 billion.
• Smartsheet provides cloud-based collaboration and project management tools.
• The acquisition would mark a major move for both Vista and Blackstone.
• Vista has a history of investing in enterprise software companies.
• Blackstone has been actively seeking to expand its technology portfolio.
• Smartsheet's strong market position and growth potential would make it a strategic addition to both firms' portfolios.

The potential acquisition is still in its early stages, and no agreement has been reached. However, the sources indicated that discussions are ongoing, and a deal could be announced in the coming weeks.

Smartsheet declined to comment on the report, while Vista and Blackstone did not immediately respond to requests for comment.

The acquisition of Smartsheet would be the latest in a series of major deals in the enterprise software sector. In recent years, companies such as Salesforce, Oracle, and SAP have made significant acquisitions to expand their product offerings and customer base.