Smarsh Inc. (stylized as smarsh) is a "software as a service" (SaaS) company headquartered in Portland, Oregon, with nine offices worldwide.[3][4] The company provides comprehensive archiving and has compliance, supervision and e-discovery tools for companies in highly regulated industries, including public sector and financial services.[5]
The company was founded in Brooklyn, New York in 2001.[6] The founder, Stephen Marsh, believed that the financial industry needed a better way to archive, store, and regulate its data as regulations required.[7] In 2004, the company relocated its headquarters to Portland, Oregon.[8]
In 2012, Quest Software, which owned 60% of Smarsh, was sold to Dell Computer.[8] In 2013, Dell sold its stake to California investment firm Toba Capital.[8]
Acquisitions
Smarsh has acquired a number of companies since its start in 2001. In 2008, it acquired the Connecticut-based CentraScan LLC, an email management service, the California-based Financial Visions Inc., a website compliance company, and iNation, LLC, a financial CRM provider.[7] In early 2012, the company acquired Perpetually, known for its web archiving technology.[9] Smarsh acquired Presensoft, a cloud-based instant message archiving company, in 2015,[10] and in December 2016, it acquired MobileGuard, a mobile communication monitoring and retention provider.[4] In 2017, Smarsh acquired London-based company, Cognia, to improve Smarsh’s voice communication capabilities for mobile and landline devices.[11] In 2018, K1 Investment Management acquired Actiance Inc. and merged with Smarsh shortly after.[12] In 2020, Smarsh acquired Entreda, an integrated cybersecurity risk and compliance management software and services company, which will continue to operate under its own brand as a stand-alone, wholly owned subsidiary of Smarsh.[13]
Awards and recognition
Smarsh has been named to the Inc. 5000 list of fastest growing private companies in America consecutively from 2008 through 2022.[1] The company also made the Deloitte Fast 500 list from 2009 through 2015.[14][15][16][17][18][19] In 2014, Smarsh Founder, Stephen Marsh won the Financial Technologies Forum's Person of the Year award.[20] Smarsh was named a leader in the 2015, 2016, 2017, 2018, and 2019 Gartner Magic Quadrant for Enterprise Information Archiving.[21]
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$111.4 million (2018 [1] )