Smarsh

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Smarsh
Company 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

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]

History[edit]

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[edit]

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[edit]

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[edit]

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