Smartsheet Inc. (SMAR) shares are trading more than 12 percent higher on Friday morning after the company announced the acquisition of Outfit, a brand management, templating, and creative automation platform. The acquisition will add to the digital asset management offering, Brandfolder by Smartsheet.
Smartsheet said it plans to quickly integrate Outfit's design automation and templating capabilities into Brandfolder.
Currently, Smartsheet shares are at $34.51, up 11.96 percent from the previous close of 30.82 on a volume of 1,947,840.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.