This article appears in print in the October 2019 issue. See more about the winners of the 2019 Tech Impact Awards here. Click here for a free subscription.
Smartsheet is a fast-growing tech company offering a cloud platform that integrates multiple applications from industry leaders such as Microsoft, Google and DocuSign. The platform improves collaboration and manages workflows across an enterprise.
The 1,350-employee Smartsheet, which went public in 2018, has some 80,000 customers in 190 countries. It posted revenue of $177.7 million for the year ending Jan. 31, 2019, up nearly 60% year over year.
“Innovating for the benefit of our customers is always a core focus,” says Chief Executive Officer Mark Mader. “On that front, we recently launched Smartsheet Gov, a secure and reliable platform that helps federal agencies modernize by increasing collaboration, transparency and speed.”
Smartsheet also is expanding via acquisitions. This past May, Smartsheet acquired Seattle-based 10,000ft, a SaaS platform that provides its customers with real-time resource and capacity planning across multiple projects. Among the clients that 10,000ft brought to the deal were Accenture, Stanford University and Mercedes-Benz.
Other Smartsheet acquisitions include United Kingdom-based chat-bot platform Converse.AI, purchased in January 2018, and Seattle startup TernPro, makers of Slope, a management app for creative projects, acquired in January 2019.
Contract-management solutions company Icertis serves clients like 3M, Airbus, Microsoft and Daimler. The company’s platform helps businesses worldwide manage some 5.7 million contracts with a combined value exceeding $1 trillion. Icertis’ business was bulked up further by a $115 million funding round finalized in July that puts the company in the elite group of unicorn companies — startups at the $1 billion valuation level. “Nothing is more foundational than contract management as every dollar in and every dollar out of a company is governed by a contract,” says Samir Bodas, chief executive officer and cofounder of Icertis.