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Smarsh

Topic: Company

 From HandWiki - Reading time: 4 min
Smarsh
TypePrivate
IndustrySoftware, software as a service
Founded2001
FounderStephen Marsh
Headquarters851 SW 6th Ave #800,
Portland, Oregon
,
United States
Area served
Worldwide
Key people
  • Stephen Marsh, Founder
  • Kim Crawford Goodman, CEO
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

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]

References

  1. ↑ 1.0 1.1 1.2 "Smarsh Profile". http://www.inc.com/profile/smarsh. Retrieved September 13, 2019. 
  2. ↑ Miller, Ron (15 November 2017). "Two Compliance Companies Merge to Build a $100M Firm". https://techcrunch.com/2017/11/15/two-compliance-companies-are-merging-to-build-a-firm-that-could-generate-100m-in-revenue/. Retrieved September 13, 2019. 
  3. ↑ "About Us". http://www.smarsh.com/about-us. 
  4. ↑ 4.0 4.1 Spencer, Malia (December 8, 2016). "Smarsh Beefs Up Mobile Archiving Abilities". http://www.bizjournals.com/portland/news/2016/12/08/smarsh-buy-beefs-up-mobile-archiving-abilities.html. 
  5. ↑ "Company Overview". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=13638828. Retrieved April 8, 2017. 
  6. ↑ Rogoway, Mike (June 13, 2013). "Smarsh, An Archivist for the Information Age". http://www.oregonlive.com/silicon-forest/index.ssf/2013/06/smarsh_an_archivist_for_the_in_1.html. Retrieved April 8, 2017. 
  7. ↑ 7.0 7.1 Earnshaw, Aliza (April 20, 2008). "Smarsh expects to double revenue to $10M". http://www.bizjournals.com/portland/stories/2008/04/21/story6.html?b=1208750400%252525255E1622377. 
  8. ↑ 8.0 8.1 8.2 Rogoway, Mike (November 5, 2013). "Dell Sells its Majority Stake in Smarsh to Investment Fund Toba Capital". http://www.oregonlive.com/silicon-forest/index.ssf/2013/11/dell_sells_its_majority_stake.html. Retrieved April 8, 2017. 
  9. ↑ Cook, Jordan (May 16, 2012). "Smarsh Acquires Former TC50 Finalist Perpetually, Founder Thanks NY Tech Scene". https://techcrunch.com/2012/05/16/smarsh-acquires-former-tc50-finalist-perpetually-founder-thanks-ny-tech-scene/. Retrieved April 8, 2017. 
  10. ↑ Spencer, Malia (February 4, 2015). "Smarsh Buys Houston-Based Archiving Firm". http://www.bizjournals.com/portland/blog/techflash/2015/02/smarsh-buys-houston-based-archiving-firm.html. 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". 2009. http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2009-fast500-winners-020515.pdf. Retrieved April 8, 2017. 
  15. ↑ "Deloitte's 2010 Technology Fast 500". 2010. http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2010-fast500-winners-brochure_020515.pdf. Retrieved April 8, 2017. 
  16. ↑ "Deloitte's 2011 Technology Fast 500". 2011. http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2011-technology-fast-500-winners-brochure-020515.pdf. Retrieved April 8, 2017. 
  17. ↑ "Deloitte's 2012 Technology Fast 500". 2012. http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2012-fast500-winners-brochure-020515.pdf. Retrieved April 8, 2017. 
  18. ↑ "Technology Fast 500". 2013. http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2013-fast500-winners-brochure-020515.pdf. Retrieved April 8, 2017. 
  19. ↑ "Deloitte's 2014 Technology Fast 500". 2014. http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2014-winners-brochure-121114.pdf. Retrieved April 8, 2017. 
  20. ↑ Grygo, Eugene (May 27, 2014). "The Winners' circle for the FTF Awards". https://www.ftfnews.com/the-winners-circle-for-the-ftf-awards/. Retrieved April 8, 2017. 
  21. ↑ "Smarsh (Actiance) Named a Leader in 2018 Gartner Magic Quadrant For Enterprise Information Archiving for Fourth Consecutive". December 6, 2018. https://www.bloomberg.com/press-releases/2018-12-06/smarsh-actiance-named-a-leader-in-2018-gartner-magic-quadrant-for-enterprise-information-archiving-for-fourth-consecutive. 



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