Smartsheet.com, Inc. acquired Converse.AI, Inc. for $1.6 million.
January 15, 2018
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Smartsheet.com, Inc. acquired Converse.AI, Inc. for $1.6 million on December 28, 2017. Under the terms of the agreement, existing Converse.AI customer relationships and agreements will not be impacted by the acquisition, and the Converse.AI platform will continue to be supported. Following the acquisition, Converse will operate as a wholly-owned subsidiary under Smartsheet. The entire Converse.AI team, including founders Tony Lucas and Gihan Munasinghe, will stay intact. Johnston Carmichael LLP, Corporate Finance Arm acted as a financial advisor to Smartsheet.
Smartsheet.com, Inc. completed the acquisition of Converse.AI, Inc. on December 28, 2017.
Smartsheet Inc. offers an enterprise platform for modern work management, enabling teams and organizations of all sizes to plan, capture, manage, automate, and report on work at scale. The Companyâs platform enables teams of all sizes to manage custom processes, programs, and portfolios that fit the way they work. It delivers its cloud-based software platform through a subscription model globally. Its products include Smartsheet, WorkApps, Smartsheet Advance, Smartsheet Safeguard, Connectors, Control Center, Dynamic View, Data Shuttle, Bridge, Calendar App, Pivot App, DataMesh, Resource Management and Brandfolder. The Smartsheet is offered in a number of packages to meet the needs of customers looking to manage their programs, projects, and portfolios. In addition to its Smartsheet offering, it sells additional product offerings, referred to as Premium Apps and Connectors, enabling customers to build more complex solutions to address the demanding business work management need.