Fenwick & West represented Smartsheet Inc. (NYSE: SMAR), a leading cloud-based platform for work execution, in its acquisition of Seattle-based TernPro, Inc., makers of Slope, an application that that makes it easy for teams to collaborate on and manage creative work. Financial terms of the transaction were not disclosed.
The acquisition of Slope strengthens Smartsheet’s leadership position in the collaborative work management sector. The integration of the application will enable users to review, proof and comment on content in the core application, in addition to offering standalone solutions to solve complex marketing and creative workflows. More information about Smartsheet’s acquisition of TernPro can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Alan Smith, Dave Healy, Ryan McRobert and Annie Omata; and executive compensation and employee benefits lawyers Liz Gartland and Mona Clee.