Why Smartsheet is a Prime Acquisition Target for Private Equity Firms Like Vista and Blackstone!

Smartsheet Inc.’s second quarter fiscal year 2025 earnings discussion revealed a strong performance, underscored by continued momentum in the enterprise sector. CEO Mark Mader highlighted significant customer expansions, with 75 customers increasing their Annual Recurring Revenue (ARR) by over $100,000, including 3 transactions surpassing $1 million. Notably, the ARR reached $1.093 billion, depicting a robust growth c with a 50% year-over-year increase in customers generating more than $1 million in ARR.