Strong Enterprise Adoption Earns Smartsheet a Place on Deloitte Fast 500™ List For Second Year
Smartsheet selected to Deloitte’s Technology Fast 500™ list of fastest growing companies in North America in 2015 and 2016
BELLEVUE, WA, Nov 17, 2016 – Smartsheet, the world’s leading SaaS platform for managing and automating collaborative work, today announced it was included in Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. This is Smartsheet’s second time on the Technology Fast 500™ list, having also been selected in 2015. Smartsheet’s revenue has grown at least 70 percent year-over-year for the past 5 years, with tens of thousands of paying customers worldwide.
“Being named to the Fast 500 list for a second consecutive year is a tremendous honor and a reflection of our success helping customers accelerate business execution with solutions that automate work processes, and increase team performance,” said Mark Mader, CEO of Smartsheet. “We’re seeing significant traction in the enterprise, with more than half of Fortune 500 companies using Smartsheet, including global brands across major industries such as technology, retail, education and media. There’s a giant addressable market opportunity, and we’re just beginning to scratch the surface.”
Smartsheet has over $70 million in subscription revenue and is experiencing rapid growth in its enterprise segment, with customers who pay more than $100,000 per year growing triple digits year-over-year. Featuring integrations with popular business systems and cloud applications, including Office 365, Salesforce.com, and JIRA, Smartsheet’s cloud platform enables secure collaboration across business processes, making it a compelling solution for enterprises.
Deloitte’s recognition caps a strong year for the Seattle-based company. Last month, Smartsheet was named a leader in the Forrester Wave™: Enterprise Collaborative Work Management, Q4 2016 report, which evaluated 13 collaborative work management providers against 25 criteria designed to assess their current offering, strategy and market presence. Additionally, in September, Forbes featured Smartsheet in its first-ever list of the world’s top 100 private cloud companies.
About Deloitte’s 2016 Technology Fast 500™ Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Smartsheet Smartsheet is the world’s leading SaaS platform for managing and automating collaborative work. Our award-winning solutions deliver value for 95,000 paying customers and millions of information workers across more than 190 countries. Recently named to the Forbes Cloud 100 list of the world’s best cloud companies, customers like Cisco, Salesforce, the GSA, Google, and over half of the Fortune 500 use Smartsheet across a range of departments to launch more than 15,000 new projects and processes every day. To learn more, visit www.Smartsheet.com.
Smartsheet is headquartered in Bellevue, Washington and as of November 2016, has 411 employees.