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Smartsheet to Go Private in $8.4 Billion Deal Enhancing Automation Capabilities

Cover Image for Smartsheet to Go Private in $8.4 Billion Deal Enhancing Automation Capabilities
Explore the implications of Smartsheet's $8.4 billion acquisition by Vista Equity Partners and Blackstone, promising significant investments and strategic growth in workflow automation tools. Understand how this transition could enhance Smartsheet's offerings for businesses seeking advanced no-code automation solutions.
written by Ray Palito
Ray Palito

Smartsheet to Go Private in $8.4 Billion Deal with Vista Equity Partners and Blackstone

Smartsheet, a leading work management and automation platform, is set to go private following an $8.4 billion acquisition agreement with Vista Equity Partners and Blackstone. The transition marks a significant shift in the company's trajectory, promising new investment and strategic opportunities for expansion. This move could bolster Smartsheet's offerings and competitive stance in the no-code business automation market.

For businesses utilizing Smartsheet or considering adopting it, this acquisition could mean enhanced tools and services stemming from increased investment and focused growth strategies. The collaboration with Vista and Blackstone, both renowned for their technology sector expertise, is expected to accelerate Smartsheet’s product development, potentially unveiling advanced automation features that cater to evolving business needs.

Read the full article on MSN to explore what this deal means for current users and the broader implications for the no-code automation industry: Smartsheet to go private in $8.4 billion deal with Vista Equity Partners and Blackstone