Smartsheet Names Rajeev Singh CEO After $8.4B Privatization Deal

Smartsheet Inc. has named Rajeev Singh, a Seattle tech veteran and co-founder of Concur Technologies, as its new CEO following its $8.4 billion privatization by Blackstone and Vista Equity Partners. Amid AI advancements and market challenges, Singh aims to drive growth in collaborative work management tools. His leadership signals confidence in the company's future trajectory.
Smartsheet Names Rajeev Singh CEO After $8.4B Privatization Deal
Written by Eric Hastings

In a move that underscores Seattle’s enduring pull as a hub for enterprise software innovation, Smartsheet Inc. has appointed Rajeev Singh as its new chief executive officer, marking a return to his roots in the region’s tech ecosystem. Singh, a veteran of multiple high-profile roles, steps into the position amid Smartsheet’s ongoing evolution as a key player in collaborative work management tools, bolstered by recent advancements in artificial intelligence.

Singh’s appointment comes at a pivotal time for the Bellevue, Washington-based company, which recently went private in an $8.4 billion acquisition by Blackstone and Vista Equity Partners. According to a report from GeekWire, Singh expressed enthusiasm about leading Smartsheet through its next phase, emphasizing the platform’s potential to transform how enterprises manage workflows in an AI-driven era.

A Seasoned Leader’s Path Back to Enterprise Software

Prior to this role, Singh served as CEO of Accolade Inc., a health-care navigation company he helped take public in 2020. His tenure there saw the firm navigate complex market dynamics, including a focus on personalized health services amid rising demand for digital health solutions. But Singh’s expertise runs deeper in enterprise software, having co-founded Concur Technologies in 1993, which SAP acquired for $8.3 billion in 2014.

That background aligns closely with Smartsheet’s mission. As detailed in the The AI Journal, Singh’s experience in scaling software-as-a-service businesses positions him to accelerate Smartsheet’s AI integrations, such as automated data analysis and predictive insights that have become central to its offerings.

Navigating Leadership Transitions and Market Shifts

Smartsheet’s leadership shuffle follows the retirement of longtime CEO Mark Mader in late 2024, with Sunny Gupta serving as interim CEO during the transition. The company has faced headwinds, including recent job cuts amid its privatization and a push into AI, as noted in earlier coverage by GeekWire. Singh inherits a firm with a robust user base—millions rely on its platform for project tracking and automation—but one that must contend with competitors like Asana and Monday.com in a crowded market.

Insiders point to Singh’s track record of driving growth through strategic acquisitions and partnerships. At Concur, he pioneered expense management software that became indispensable for global corporations, a model that could inform Smartsheet’s expansion into more specialized enterprise tools.

Strategic Implications for Seattle’s Tech Ecosystem

Singh’s return to the Seattle area, where he began his career, highlights the region’s gravitational force for software executives. Born in India and educated at Western Michigan University, Singh has long been embedded in Pacific Northwest tech circles, serving on boards and mentoring startups. His leadership at Smartsheet could foster deeper ties with local giants like Microsoft, whose Azure cloud services integrate with Smartsheet’s platform.

Moreover, as enterprises increasingly adopt AI for efficiency, Singh’s vision—outlined in his comments to GeekWire—emphasizes ethical AI deployment to enhance human productivity without displacing jobs. This approach may help Smartsheet differentiate itself in a post-pandemic work environment where hybrid teams demand seamless collaboration.

Challenges and Opportunities Ahead

Yet challenges loom. Smartsheet’s recent layoffs, affecting over 120 employees as reported by GeekWire, signal cost pressures in a volatile economy. Singh will need to balance innovation with financial discipline, especially under private equity ownership that often prioritizes profitability.

Analysts suggest his experience at Accolade, where he managed regulatory complexities in health care, could prove invaluable for Smartsheet’s forays into regulated sectors like finance and government. With the company’s stock delisted following the buyout, Singh has latitude to pursue long-term strategies without quarterly earnings scrutiny.

Looking Toward Future Growth

Ultimately, Singh’s appointment signals confidence in Smartsheet’s trajectory. The firm, founded in 2005, has grown from a simple spreadsheet alternative to an enterprise powerhouse, earning accolades like a Leader position in Gartner’s Magic Quadrant for collaborative work management, as highlighted in Yahoo Finance.

For industry observers, this leadership change represents more than a personnel shift—it’s a bet on seasoned expertise to steer Smartsheet through technological disruptions. As Singh settles into the role, his ability to harness AI while maintaining the company’s collaborative ethos will be closely watched by enterprise software stakeholders across the board.

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