Smartsheet Appoints Magdalena Yesil to Board of Directors

BELLEVUE, Wash., July 12, 2017 /PRNewswire/ -- Smartsheet, the world's leading SaaS platform for managing and automating collaborative work, today announced the appointment of Magdalena Yesil to its board of directors. Yesil, who was the founding board member and first investor of Salesforce, brings to Smartsheet her deep expertise in growing profitable SaaS companies.

"Magdalena is a highly respected entrepreneur with an incredible track record for helping companies achieve and extend category leadership," said Mark Mader, CEO of Smartsheet. "We're delighted to have her on the board and look forward to the expertise she brings as we continue our rapid growth in the collaborative work management and automation market."

Yesil's appointment follows a $52.1 million Series F funding round for Smartsheet and a period of significant momentum in which Smartsheet's revenue increased by more than 60 percent year-over-year in each of the past five years. The company expects to surpass $100 million in annual recurring revenue this quarter.

"Smartsheet is a high-performing SaaS company with an exciting future ahead," said Yesil. "I look forward to working with Mark, the rest of the board, and the senior leadership team to help steer the company as it enters the next phase of it's growth."

Yesil currently serves on several boards in addition to Smartsheet, including RPX, Zuora and DriveInformed. She has been an early investor in over 30 companies, serving on the board for Salesforce from inception to post IPO. Most recently, she spent eight years as a general partner at the venture capital firm US Venture Partners (USVP), making investments in a broad spectrum of technology startups.

Prior to her investing career, Yesil was a serial entrepreneur, founding two successful electronic commerce companies, CyberCash - a pioneer in the secure electronic payment systems (IPO), and MarketPay, an embedded payments software company. She holds Bachelor of Science degrees in Industrial Engineering and Management Science, and a Masters of Science degree in Electrical Engineering, all from Stanford University.

About Smartsheet

Smartsheet is the world's leading SaaS application for managing and automating collaborative work. Our award-winning solutions deliver value for more than 69,000 brands and millions of information workers across more than 190 countries. Recently named to the Forbes Cloud 100 list of the world's best cloud companies, customers like Netflix, Salesforce, the GSA, Google, and over half of the Fortune 500 use Smartsheet internally, with clients, and partners.

Smartsheet is headquartered in Bellevue, Washington and, as of July 2017, has more than 590 employees in its Bellevue and Boston offices. To learn more, visit www.Smartsheet.com.

SOURCE Smartsheet

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