Bellevue’s Smartsheet Acquires Seattle Tech Company 10,000ft

Acquired company’s software platform enables companies to better manage resources across projects
Updated: Thu, 05/02/2019 - 09:34
 
 
  • Acquired company’s software platform enables companies to better manage resources across projects

Smartsheet, a cloud-enabled software company headquartered in Bellevue, has acquired Seattle-based 10,000ft, a software-as-a-service platform that provides its customers with real-time resource and capacity planning across multiple projects.

Among 10,000ft’s clients are Accenture, Stanford University and Mercedes-Benz as well as some 1,000 other clients that have tapped the company’s software services, according to its website. The company was founded in 2012 by product-design firm Artefact.

Terms of the acquisition deal were not disclosed.

“Effective resource management is a mission critical need for many organizations today, yet most tools specializing in capacity planning are overly complex and costly to manage,” Mark Mader, CEO of Smartsheet, says. “10,000ft offers a unique combination of enterprise-grade functionality with simplicity and ease-of-use, aligning with our vision to empower everyone to more effectively plan, track, automate and report on work.”

Smartsheet (NYSE: SMAR) is a fast-growing tech company with some 1,100 employees that hosts a cloud-based platform that integrates with multiple applications from industry leaders such as Microsoft, Google, Dropbox and DocuSign. The platform is designed to improve collaboration and manage workflows across an enterprise. The company has some 78,000 customers in 190 countries.

 

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