Smarsh

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Smarsh Inc.
Company typePrivate
IndustrySoftware, software as a service
Founded2001; 24 years ago (2001)
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 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]

History

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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] In 2020, Kim Crawford Goodman joined Smarsh as their new CEO.[9]

Acquisitions

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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.[10] Smarsh acquired Presensoft, a cloud-based instant message archiving company, in 2015,[11] 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.[12] In 2018, K1 Investment Management acquired Actiance Inc. and merged with Smarsh shortly after.[13] 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.[14]

Smarsh acquired TeleMessage, which archives Signal conversations, in February 2024.[15] In May 2025, TeleMessage gained media attention after it was revealed that Mike Waltz, former U.S. National Security Advisor, was using an unofficial version of Signal called "TM SGNL", created by TeleMessage to archive messages securely. This discovery highlighted the company's role in providing modified messaging applications for secure and compliant archival of governmental communications, raising discussions around security and record-keeping practices within high-ranking government circles.[AI-generated?][16] It was later reported that TeleMessage had been hacked.[17]

References

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  1. ^ a b "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. ^ "Smarsh Welcomes Kim Crawford Goodman as New Chief Executive Officer". Smarsh. Retrieved 2025-06-24.
  10. ^ Cook, Jordan (May 16, 2012). "Smarsh Acquires Former TC50 Finalist Perpetually, Founder Thanks NY Tech Scene". TechCrunch. Retrieved April 8, 2017.
  11. ^ Spencer, Malia (February 4, 2015). "Smarsh Buys Houston-Based Archiving Firm". Portland Business Journal. Retrieved April 8, 2017.
  12. ^ Spencer, Malia (17 August 2017). "Smarsh buys London voice archiving firm". Portland Business Journal. Retrieved 5 December 2024.
  13. ^ "Smarsh to merge with Actiance in bid to become a $100M compliance powerhouse". SiliconANGLE. 2017-11-15. Retrieved 2024-12-05.
  14. ^ "Smarsh acquires cybersecurity compliance and risk analytics firm Entreda". SiliconANGLE. 2020-05-21. Retrieved 2024-12-05.
  15. ^ "Smarsh Completes Acquisition of TeleMessage, Extends Communications Compliance Leadership". Smarsh. Retrieved 2024-02-29.
  16. ^ Cox, Joseph (1 May 2025). "Mike Waltz Accidentally Reveals Obscure App the Government Is Using to Archive Signal Messages". 404 Media. Retrieved 1 May 2025.
  17. ^ Cox, Joseph; Lee ·, Micah (2025-05-04). "The Signal Clone the Trump Admin Uses Was Hacked". 404 Media. Retrieved 2025-05-05.