By ET Bureau - September 15, 2020 1 Mins Read
Smartsheet, the enterprise platform for dynamic work, announced today that it 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.
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Smartsheet paid $155 million for the acquisition, subject to certain adjustments, with a combination of cash and stock.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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