Praerit Garg joins Smartsheet as their new Chief Technology Officer. Photo courtesy of Smartsheet

Praerit Garg joins Smartsheet as their new Chief Technology Officer. Photo courtesy of Smartsheet

Praerit Garg joins Smartsheet as CTO

Bellevue-based company employs 760 people

The Bellevue-based work collaboration company Smartsheet announced that Praerit Garg would be leaving Amazon Web Services (AWS) to join Smartsheet as Chief Technology Officer.

Smartsheet is a market leader in cloud-based business management software. The company reports its software is being used by more than 70 percent of Fortune 500 companies.

Smartsheet was founded in 2006, gaining little traction in the marketplace until a 2010 application redesign grew their user base from 10,000 to 1 million between 2010 and 2012. The company currently employs around 760 people in its downtown Bellevue office.

“I’m looking forward to helping shape the engineering team and the product for the next decade,” Garg said in a blog on Smartsheet’s website. “It’s an absolute honor and a privilege to have this incredible opportunity to lead the Smartsheet engineering organization. I hope to accelerate our existing culture of innovation, for finding simpler solutions to hard problems, and for delivering great experiences for our customers.”

Garg has an extensive history in the tech industry, working at Microsoft for more than 12 years on different incarnations of the Windows operating system. He left the tech giant in 2007 to found Symform, a cloud storage company in the days before AWS and Microsoft would come to dominate the market. Symform was acquired in 2013 by Quantum, and Garg moved on to co-found Joggle(me) while working at Chronus Corporation as Chief Products Officer.

Garg joined AWS in 2014, working there for four years as General Manager of Identity, Directory and Access Services before departing for Smartsheet.

“Praerit brings the combination of technical management, customer focus and business savvy that are crucial for this important role,” Smartsheet CEO Mark Mader said. “We have a deep, innovative engineering team that is creating a collaborative work management platform at scale, and I’m confident we will reach even greater heights under his leadership.”

Smartsheet has made a handful of decisions in 2019 that have benefited the company financially. After raising more than $150 million in its Initial Public Offering (IPO), the company saw its stock steadily rise as it acquired various business applications. Most recently, Smartsheet acquired Slope, a business application that lets users easily manage and collaborate on projects.

At market close on Feb. 14, Smartsheet’s stock sat at $36.62, up from $26.54 when they acquired Slope on Jan. 15. The rising stock price indicates high demand for Smartsheet shares, which increases the company’s capital when traders buy stock in Smartsheet. In turn, investors expect Smartsheet to use their capital to increase the company’s long-term value.

More in Business

Change to U.S.-backed condo loans comes as summer market wraps up

A monthly real estate snap shot by John L. Scott Real Estate.

Courtesy photo 
                                Mercer Island financial adviser Bob Toomey recently summited Mount Shasta in California.
Financial success and mountaineering

The steps to achieving financial success mirror mountain climbing.

Real estate market holds steady as summer continues

Suburbs are on the rise, as many millennials may be priced out of city cores.

The new Bothell Friday Market will run from 3-8 p.m., every Friday through Sept. 27. Stephanie Quiroz/staff photo
New Bothell Friday Market opens

Bothell Friday Market will run every Friday through Sept. 27

Kiddie Academy locations on the Eastside win national recognition

Six locally owned educational child care centers received an award for brand excellence and customer service.

Selection and steady sales characterize local market

Buyers can enjoy additional selection this summer as they look for the home of their choice.

The Bothell Kenmore Chamber of Commerce honored the Country Village owner as member of the month after it closed at the beginning of June. Kailan Manandic / staff photo
Eastside business booms with summer options

Locals can visit numerous new developments this summer, all within Eastside communities.

First & Main Design Market offers a broad assortment of vintage and artisan built furniture pieces. Each piece is specifically and carefully selected. Stephanie Quiroz/staff photo
First & Main Design Market opens in Bothell

The new destination store offers retail furniture, vintage treasures, and professional interior design services.

Just Get Me Started founder Suzanne Tseng participates in one of the weekly workshops that taught locals how to create intricate chalk art.
Kenmore’s Tseng helps locals ‘just get started’

Suzanne Tseng launched her business Just Get Me Started to help locals pick up hobbies and skills.

From left: Craig Olson, Joan Schrammeck, and Paula Paula DelGiudice with a solar panel. Stephanie Quiroz/staff photo
Little Bit in Redmond goes solar

Northwest Electric and Solar (NWES) of Kenmore donates a solar energy system to the therapeutic riding center.

Microsoft reveals project criteria for $500 million affordable housing funds

The company will soon accept applications for projects related to affordable housing on the Eastside.