Smartsheet is expanding.
The Bellevue, Wash-based project management software company announced today that it will open a new office in Boston with room for up to 140 employees focused on sales, customer success, and support.
The new office, located in Boston’s Leather District, will officially open in Q2 of this year and will help Smartsheet better serve east coast customers and clients in Europe. Boston is one of the nation’s top tech hubs, with hundreds of startups and several top universities.
“Our expansion to the east coast is a direct reflection of the tremendous demand we’re seeing in cloud collaboration,” Smartsheet CEO Mark Mader said in a statement. “Building out a world-class team in Boston’s vibrant tech hub is a critical part of serving both U.S. and international customers.”
Smartsheet, which employs 463 people, said it expects to add another 300 employees this year as the 11-year-old company continues to grow a list of 90,000 customers like Hilton, Netflix and Groupon who use its software to get work done more efficiently.
Smartsheet reported subscription revenue of more than $70 million in 2016; that number has grown at least 70 percent year-over-year for the past five years. The company, which has raised $70 million to date from investors like Madrona Venture Group and Sutter Hill Ventures, was named Next Tech Titan at last year’s GeekWire Awards.
Last year, Smartsheet introduced a visual organization system called Card View in June and a dashboard-like system called Sights that it introduced in March. It also hired its first CFO in September, bringing in Jenny Ceran, a veteran of Silicon Valley heavyweights like eBay, Cisco and Box, to manage the company’s finance, legal and IT departments.
Smartsheet CEO Mark Mader told GeekWire that within approximately three years, the company could employ as many as 1,000 people.
Though project management and collaboration will always important for Smartsheet, Mader said in September that the company has broadened its focus to include automation and industry-specific solutions. Smartsheet’s primary goal is to improve productivity, and automating some tasks and creating specific plans for various industries fits with that mission.
Trello, another project management software company, was acquired for $425 million by Atlassian earlier this month.
