Smarsh

Last updated
Smarsh
TypePrivate
Industry Software, software as a service
Founded2001
FounderStephen Marsh
Headquarters851 SW 6th Ave #800,
Portland, Oregon
,
United States
Area served
Worldwide
Key people
Products Archiving software
RevenueIncrease2.svg$111.4 million (2018 [1] )
Number of employees
623 (2019 [1] )
Parent K1 Investment Management [2]
Website http://www.smarsh.com

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 solutions[ buzzword ] for companies in highly regulated industries, including public sector and financial services. [5]

Contents

History

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. Shortly after the acquisition, Actiance was integrated into the Smarsh brand. [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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References

  1. 1 2 3 "Smarsh Profile". Inc.com. Retrieved September 13, 2019.
  2. ↑ Miller, Ron (15 November 2017). "Two Compliance Companies Merge to Build a $100M Firm". TechCrunch. Retrieved September 13, 2019.
  3. ↑ "About Us". Smarsh. Retrieved April 8, 2017.
  4. 1 2 Spencer, Malia (December 8, 2016). "Smarsh Beefs Up Mobile Archiving Abilities". Portland Business Journal. Retrieved April 8, 2017.
  5. ↑ "Company Overview". Bloomberg Business. Retrieved April 8, 2017.
  6. ↑ Rogoway, Mike (June 13, 2013). "Smarsh, An Archivist for the Information Age". Oregon Live. Retrieved April 8, 2017.
  7. 1 2 Earnshaw, Aliza (April 20, 2008). "Smarsh expects to double revenue to $10M". Portland Business Journal. Retrieved April 8, 2017.
  8. 1 2 3 Rogoway, Mike (November 5, 2013). "Dell Sells its Majority Stake in Smarsh to Investment Fund Toba Capital". Oregon Live. Retrieved April 8, 2017.
  9. ↑ Cook, Jordan (May 16, 2012). "Smarsh Acquires Former TC50 Finalist Perpetually, Founder Thanks NY Tech Scene". TechCrunch. Retrieved April 8, 2017.
  10. ↑ Spencer, Malia (February 4, 2015). "Smarsh Buys Houston-Based Archiving Firm". Portland Business Journal. Retrieved April 8, 2017.
  11. ↑ "Smarsh Adds Voice Archiving Offering With Acquisition of London-based Cognia". Business Wire (Press release). August 17, 2017. Retrieved September 6, 2019.
  12. ↑ "K1 Combines Actiance and Smarsh to Create Global Compliance and Enterprise Information Archiving Leader". PR Newswire (Press release). November 15, 2017. Retrieved September 13, 2019.
  13. ↑ "Smarsh Acquires Entreda, Leader in Cybersecurity Risk and Compliance Software for Wealth Management Industry". Smarsh (Press release). 2020-05-21. Retrieved 2020-10-29.
  14. ↑ "Deloitte's 2009 Technology Fast 500" (PDF). Deloitte. 2009. Retrieved April 8, 2017.
  15. ↑ "Deloitte's 2010 Technology Fast 500" (PDF). Deloitte. 2010. Retrieved April 8, 2017.
  16. ↑ "Deloitte's 2011 Technology Fast 500" (PDF). Deloitte. 2011. Retrieved April 8, 2017.
  17. ↑ "Deloitte's 2012 Technology Fast 500" (PDF). Deloitte. 2012. Retrieved April 8, 2017.
  18. ↑ "Technology Fast 500" (PDF). Deloitte. 2013. Retrieved April 8, 2017.
  19. ↑ "Deloitte's 2014 Technology Fast 500" (PDF). Deloitte. 2014. Retrieved April 8, 2017.
  20. ↑ Grygo, Eugene (May 27, 2014). "The Winners' circle for the FTF Awards". Financial Technologies Forum. Retrieved April 8, 2017.
  21. ↑ "Smarsh (Actiance) Named a Leader in 2018 Gartner Magic Quadrant For Enterprise Information Archiving for Fourth Consecutive". Bloomberg. December 6, 2018. Retrieved September 13, 2019.
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