Smartsheet.com Transforms Project Collaboration With New Breakthrough Application

High-Powered Beta Product Helps Turbo-Charge Productivity by Allowing Teams to Get Things Done

BELLEVUE, WASHINGTON – July 10, 2008 – It took two decades and hundreds of products from a host of companies, but Smartsheet.com, a privately-held Software as a Service (SaaS) provider that makes teams more productive through innovative online applications, has finally taken online project collaboration to the next level.

Smartsheet research uncovered that 90% of business teams are still using a combination of spreadsheets and e-mail to track work, even though those products still pose problems. Launched today, the company’s breakthrough beta product allows teams of people to assign tasks, track projects and effortlessly share information.

Enhancing Next-Generation E-Mail and Spreadsheets

As a result, teams using Smartsheet’s beta can see who has done what on a project – and how the project is actually progressing – without digging deep into their inboxes or consulting prior versions of spreadsheets. The new solution also provides everyone on a team – not just the leaders – with the ability to track real-time changes concurrently, associate documents with action items, get notification of important project changes, and update items in parallel. “Over 30,000 teams in more than 25 countries have experienced Smartsheet Classic, our original product,” says Brent Frei, Executive Chairman and Co-Founder of Smartsheet.com. “And, after 23 months of testing in plain sight, we believe we’ve formulated the secret sauce in a product space that has resisted a killer app for over 20 years. We’re determined to become the Google of work tracking to help solve team productivity needs.”

Increasing Enterprise Accountability, Results and Profits

Adds Mark Mader, Smartsheet.com’s CEO: “We’re trying to increase productivity in non-automated jobs that require people to collaborate and use their judgment and expertise. When companies deploy transparent and accessible next-generation productivity technology that tracks specific work performance in real-time, we believe they can increase accountability, results and profits.” The Smartsheet beta product, which launches with a number of high-demand features, will be continue to be updated over the next few months. General release is scheduled for the Fall.

Smartsheet.com Leadership

Brent Frei is the Executive Chairman and Co-Founder of Smartsheet.com. Before joining Smartsheet in 2007, Frei was executive vice president of Intellectual Ventures.

Prior to this, Frei served as CEO of Onyx Software Corp., a Bellevue-based customer relationship management (CRM) software company he co-founded in 1994. After starting out at Motorola, the early part of Frei’s career was spent as a programmer analyst with Microsoft Corporation.

In 2001, the Smithsonian Institute recognized Frei as a "Pioneer in Technology." In 1997, Ernst and Young named him an “Entrepreneur of the Year.” Frei received his bachelor's degree in engineering from Dartmouth's Thayer School of Engineering and a BA in engineering sciences from Dartmouth College.

Mark Mader is the CEO of Smartsheet.com. An expert in the rapidly emerging field of Collaborative Productivity, Mader has recently spoken at high-profile conferences like Enterprise 2.0 in Boston, Under the Radar in Silicon Valley and Office 2.0 in San Francisco.

Prior to launching Smartsheet.com, Mader was senior vice president of global services at Onyx Software Corporation, where he led the professional services and software maintenance groups in the Americas, Europe, Japan, Southeast Asia and Australia. He was also a director of Onyx KK, a joint venture in Japan.

Before joining Onyx in 1995, Mader worked at Greenwich Associates as an associate focusing on European financial markets. He graduated from Dartmouth College with a Bachelor of Arts Degree in Geography in 1992

About Smartsheet.com

Launched in 2006 and based in Bellevue, Washington, Smartsheet.com is a privately-held Software as a Service (SaaS) provider that gives people a fast, easy way to get things done. Smartsheet makes teams more efficient and productive through online project collaboration.