Smarsh

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

Smarsh
TypePrivate
IndustrySoftware, software as a service
Founded2001
FounderStephen Marsh
Headquarters851 SW 6th Ave #800,
Portland, Oregon
,
United States
Area served
Worldwide
Key people
ProductsArchiving software
RevenueIncrease$111.4 million (2018 [1])
Number of employees
623 (2019 [1])
ParentK1 Investment Management [2]
Websitehttp://www.smarsh.com

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 and the California-based Financial Visions Inc., a website compliance company.[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]

References
  1. "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. 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. Earnshaw, Aliza (April 20, 2008). "Smarsh expects to double revenue to $10M". Portland Business Journal. Retrieved April 8, 2017.
  8. 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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