Software giant Smartsheet appoints sole pan-European distie

QBS signed up to grow UK market

US workplace collaboration vendor Smartsheet has appointed QBS Software as its sole distributor for the UK and Europe.

Smartsheet was founded in 2005 and listed on the New York Stock Exchange last April. Its share price has more than doubled to $5.5bn (£4.3bn) since.

Dave Stevinson, managing director at QBS, said that Smartsheet is investing heavily in the UK market and recently appointed a channel manager to grow its presence this side of the Atlantic.

"Partnering with Smartsheet to distribute a powerful platform that solves thousands of use cases delivers on our commitment to become an important part of our partners', customers' and suppliers' businesses," he said.

"Smartsheet empowers organisations everywhere to achieve more, and we could not be more excited to now offer its platform to our channel community."

Smartsheet said the collaborative work management market is growing fast as businesses digitally transform.

It claims to be seeing success in a number of verticals, highlighting the human resources, legal and finance markets.

Mike Arntz, chief revenue officer at Smartsheet, said: "There's a massive opportunity for Smartsheet and our partners in this region, with significant demand coming from both partners interested in joining our programme and customers looking for high-value services delivered by local provider.

"Our partnership with QBS not only plays an important role in our growth into new verticals and geographies, but it upholds our commitment to providing our shared customers with a market-leading, enterprise-grade platform."

QBS reported sales of £39m for the year ending 31 March 2018, up 36.8 per cent on the previous year.

The distribution agreement will cover the UK and mainland Europe.