Smartsheet Buys TernPro, Seattle Developer of Collaboration Tools
Summary
Smartsheet, a Bellevue, WA-based company that develops collaborative software allowing users to track projects and manage company processes, said Tuesday it has acquired Seattle-based TernPro, whose flagship product Slope lets customers mark up documents, images, videos, and other media before releasing them to a wider audience. Several of the company’s clients expressed a desire for tools that “better support work processes, projects, and initiatives that require markup and approval of content,” he says. Slack, which is taking on companies such as Microsoft (NASDAQ: MSFT ), is rumored to be considering an initial public stock offering this year. The integration talks proceeded, with the two sides agreeing TernPro’s team would take the lead on the needed technical work, says Farrell , a former Amazon (NASDAQ: AMZN ) Web Services executive. TernPro has more than 100 customers, including Microsoft, SendGrid (NYSE: SEND ), and the Oakland Athletics of Major League Baseball, Smartsheet says.
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