Smartsheet completes acquisition of Brandfolder

BELLEVUE: Smartsheet, the enterprise platform for dynamic work, has completed its acquisition of Brandfolder, a leader in digital asset management (DAM).

On August 24, Smartsheet announced the company’s intent to acquire Brandfolder.

This acquisition combines Brandfolder’s world-class DAM capabilities with Smartsheet’s leading collaborative work management platform to create a dynamic solution that manages workflows around content and collaboration. By enabling enterprise-wide content workflows, organizations can break down silos, execute more effectively, and make better decisions faster.

Smartsheet paid $155 million for the acquisition, subject to certain adjustments, with a combination of cash and stock.

Smartsheet (NYSE: SMAR) is the enterprise platform for dynamic work. By aligning people and technology so organizations can move faster and drive innovation, Smartsheet enables its millions of users to achieve more. www.smartsheet.com