Smartsheet’s Acquisition of 10,000ft

Fenwick & West represented Smartsheet in the transaction.

Smartsheet (NYSE: SMAR) is a leading cloud-based platform for work execution. Smartsheet empowers collaboration, drives better decision making, and accelerates innovation for over 78,000 customers in 190 countries.

Founded in 2012, 10,000ft is a SaaS platform that enables organizations to improve decision making and forecasting through real-time capacity planning, resource management, and reporting. 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.

Financial terms of the transaction were not disclosed.

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.

The Fenwick transaction team included corporate lawyers Alan Smith (Picture), David Healy, Ryan McRobert and Isaiah Deporto-Plick.

Involved fees earner: Isaiah Deporto-Plick – Fenwick & West LLP; David Healy – Fenwick & West LLP; Ryan McRobert – Fenwick & West LLP; Alan Smith – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Smartsheet Inc.;

Author: Ambrogio Visconti