Seattle Tech Company Is Expanding to Boston With Plans to Hire 140

Another out-of-state tech company has hiring plans in Boston.

Smartsheet, a work management software provider based in Bellevue, Wash., announced on Thursday it's opening a Boston office this year with plans to hire 140 people through 2018. This comes two days after Florida-based said it would open a Boston office and hire 200 people.

Mark Mader, Smartsheet's CEO, told me over email that the company plans to hire 60 to 70 people this year — all in sales, customer success and support — with the remainder of the 140 to be hired by mid- to late-2018. The company's website had five openings in Boston as of Wednesday evening.

The Boston expansion is planned to help the company better serve its customers in Eastern U.S. and European time zones. The company currently has more than 460 employees and plans to bring on 300 hires this year to support its growing list of customers, which it says includes more than 65,000 brands and half of Fortune 500 companies, including Google, Cisco, Salesforce and Netflix.

Smartsheet's Boston office will be in the Leather District, but employees will work from WeWork until it opens in the second quarter.

"Similar to Seattle, Boston is a dynamic, technologically savvy city that supports an ecosystem of innovation," Mader said. "Additionally, with world-class education as part of Boston’s DNA, the city has produced incredible engineering, sales and customer service talent that we’re able to pull from."

Mike Ferrante, Smartsheet's head of commercial sales, is temporarily moving to Boston to run the local office until the company hires a local site lead, Mader said. "We have several permanent hires who we're speaking with, and look forward to bringing them onboard in the coming months," he added.

Founded in 2006, the company provides a collaborative work management software-as-a-service that was named a leader in the collaborative work management space by Forrester last fall. Its software lets users collaborate on highly interactive spreadsheets that allow them to track conversations at a row, sheet or workspace level, as well as attach relevant files. It also gives managers an overview of their teams' workloads.

Smartsheet said last fall that it had over $70 million in subscription revenue, with annual revenue growing at least 70 percent year-over-year for the past five years, giving it a spot on Deloitte's Technology Fast 500 list. It was named one of the top 15 private cloud companies to work for in a report compiled by Battery Ventures and Glassdoor last year.

Smartsheet has raised about $68 million in venture capital over five rounds, most recently with a $35 million Series E in May 2014. Its investors include Insight Venture Partners, Madrona Venture Group and Sutter Hill Ventures.

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