Named the “pioneer in work management software” by leading analyst firm
BELLEVUE, Wash., October 17, 2018 – Smartsheet Inc. (NYSE: SMAR), a leading cloud-based platform for work execution, today announced that it has been named a 451 Firestarter by industry analyst firm 451 Research in recognition of its exceptional technology innovation.
The exclusively analyst-led 451 Firestarter program allows 451 Research’s technology and market experts to nominate organizations it believes are meaningfully contributing to the overall pace and extent of innovation in the market. This is the inaugural edition of the award.
“451 Research built its reputation on helping clients understand innovation in the technology industry, and the 451 Firestarter program is a further demonstration of this,” said Chris Marsh, Research Director for 451 Research. “Smartsheet is a pioneer of work management software and an ideal 451 Firestarter. Its highly flexible platform support thousands of use cases for work execution by non-technical users, which, along with a deployment model allowing for unlimited collaborators, has led to viral adoption within a growing list of enterprise organizations.”
This recognition for the Smartsheet platform follows the announcement at the company’s ENGAGE global customer conference earlier this month of more than twenty product enhancements designed to help organizations improve how they work, including a redesigned workflow engine and enhanced mobile applications.
“We’re thrilled to receive this 451 Firestarter award from 451 Research, an organization that understands the dynamic, rapidly growing work management category as well as anyone,” said Mark Mader, CEO of Smartsheet. "This award recognizes that our focus on the type of innovation that empowers everyone to more effectively plan, track, automate, and report on work, regardless of technical skill level, makes Smartsheet a true category disruptor."
Smartsheet enables teams to get work done fast and efficiently. 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 76,000 customers in 190 countries, including 96 percent of the Fortune 100. Smartsheet complements existing enterprise investments by deeply integrating with applications from Microsoft, Google, Salesforce, Atlassian, and many others.
About 451 Research
451 Research is a leading information technology research and advisory company focusing on technology innovation and market disruption. More than 100 analysts and consultants provide essential insight to more than 1,000 client organizations globally through a combination of syndicated research and data, advisory and go-to-market services, and live events. Founded in 2000 and headquartered in New York, 451 Research is a division of the 451 Group. Learn more about the 451 Research Firestarters.
This press release may contain “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 growth and growth plans, 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: 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 U.S. SEC, including our Quarterly Report on Form 10-Q for the period ended July 31, 2018 filed with the SEC on September 10, 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.