Smartsheet announced Tuesday that it agreed to be acquired by private equity companies Blackstone and Vista Equity Partners in deal valued at $8.4 billion. The acquisition will make Smartsheet a private company again, six years after the Bellevue, Wash.-based enterprise software company went public.

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash.

Smartsheet has agreed to be acquired and taken private by Blackstone and Vista Equity Partners in an all-cash transaction valued at about $8.4 billion.