05:27 AM EDT, 07/19/2024 (MT Newswires) -- Smartsheet ( SMAR ) has engaged investment bankers after fielding buyout interest from private equity firms, Reuters reported Thursday, citing unnamed people familiar with the matter.

The Washington-based maker of workplace collaboration software has a market value of $6.6 billion, Reuters said.

The company is working with Qatalyst Partners to review the offers, the sources said, adding that Smartsheet ( SMAR ) has not yet decided if it should launch a sale process or opt to stay independent, according to the report.

Smartsheet ( SMAR ) did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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