BELLEVUE, Wash., Nov. 13, 2015 /PRNewswire/ -- Smartsheet today announced it ranked 130 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America and among the top five in Seattle. Smartsheet's revenue grew by at least 80 percent year-over-year for the past five years; the company has more than 7 million registered users and 73,000 paying organizations worldwide.
"We're very proud to be listed among the Technology Fast 500 and equally proud that 55 percent of the 500 on the list use Smartsheet within their businesses to be more productive and innovative," said Mark Mader, CEO of Smartsheet. "Smartsheet empowers them with the freedom and flexibility to do their very best work."
Smartsheet is a rapidly growing organization with an annual run rate of over $45 million in product revenue. The company is experiencing rapid revenue growth in its enterprise segment, evidenced by 250 percent year-over-year growth in customers paying more than $100,000 in annual subscription value. Smartsheet has 240 employees based in its Bellevue, Washington, headquarters and is actively recruiting for positions in sales, marketing, services, and engineering.
Smartsheet is used by organizations across all major industries, including technology, construction, financial services, retail, education, media, and many others. Over half of global 'unicorns', half of the Fortune 500, and 70 percent of both Forbes "The World's Most Innovative Companies" and Fortune 100 companies use Smartsheet, including Cisco, Google and Salesforce. Ten thousand new projects are created daily in Smartsheet, underscoring the rapid adoption and usage of the solution worldwide.
This year Smartsheet has received meaningful recognition from both Google and Microsoft. Last week, Smartsheet was named one of the first solutions in Google's new "Recommended for Google Apps for Work" program, which is designed to help Google customers discover solutions that work best with their existing productivity tools and to find apps they can trust. In July, Microsoft named Smartsheet the "Best Office 365 App" in its 2015 Office App Awards program at the Microsoft Worldwide Partner Conference (WPC) in Orlando.
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent. For more information, please visit http://www2.deloitte.com/us/en.html.
About Deloitte's 2015 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 2011 to 2014.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Smartsheet helps over 73,000 organizations and millions of people to deliver their best work. Our collaborative work management solution lets people manage work their way while at the same time making it simple to control their teams and processes. The ease of use of the familiar spreadsheet-like interface, work automation and Gantt chart features has made it a popular and highly functional collaboration and project management solution. Nearly 7 million registered users in more than 190 countries use Smartsheet across every department and every industry. Visit www.smartsheet.com for more details.