Market Overview

Smartsheet Acquires Slope to Enhance Creative Content Review, Proofing and Approval Capabilities

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Acquisition will also drive the creation of Smartsheet Accelerators
for marketing workflows

Smartsheet (NYSE:SMAR), a leading cloud-based platform for work
execution, today announced that it has acquired Seattle-based TernPro,
Inc., makers of Slope, an application that makes it easy for teams to
collaborate on and manage creative work. With the integration of Slope,
Smartsheet will enable users to review, proof and comment on content in
the core application, in addition to offering standalone solutions to
solve complex marketing and creative workflows.

"The acquisition of Slope will strengthen our leadership position in the
collaborative work management category by adding the ability to
collaborate on everything from videos to documents directly in
Smartsheet," said Mark Mader, CEO of Smartsheet. "This is relevant to
workflows in a wide range of use cases and industries, including
marketing and creative work, and supports our vision to empower everyone
to more effectively plan, track, automate, and report on work,
regardless of technical skill level."

Launched in 2016, Slope combines robust project management with
capabilities like proofing, version control, and real-time
collaboration, enabling people and organizations to increase efficiency,
improve communication, and produce higher quality content. Slope has
over 100 customers across marketing, finance, retail and other
industries.

In the coming months, the integration of Slope technology will enhance
the Smartsheet platform in a few key ways. Most notably, Slope's
intuitive content review and proofing functionality will let Smartsheet
users provide feedback on images, videos, documents and other content,
enabling a broad set of powerful use cases that drive collaboration and
fit seamlessly into existing workflows.

Slope will also drive the creation of a set of Smartsheet Accelerators
built specifically to solve mission critical marketing and creative
development workflows. Accelerators are packaged solutions designed to
help customers execute faster and be more successful with high-impact,
repeatable use cases.

The Slope team, including co-founders Dan Bloom and Brian Boschè, have
joined Smartsheet.

"We created Slope to solve the slow, inefficient process of planning
creative projects, tracking progress, collecting feedback, and getting
approvals from the right stakeholders," said Bloom. "We realized in
talking to Smartsheet that they are uniquely able to expose what we've
built to more people, across more use cases, in more geographies around
the world. We're excited to get started."

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 77,000 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 contains "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 Smartsheet's acquisition of TernPro, Inc.
and the expectations about integrating Slope into Smartsheet and its
product portfolio, Smartsheet's merger and acquisition strategy, growth
and growth plans, anticipated expansion, 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: realizing the benefit of
acquisitions, 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
SEC, including our Quarterly Report on Form 10-Q for the period ended
October 31, 2018. 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.

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