Smarsh
{{For|the German footballer|Dennis Smarsch}}
{{Short description|Software company based in Portland, Oregon, United States}}
{{Infobox company
| name = Smarsh Inc.
| logo = 150px
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| type = Private
| industry = Software, software as a service
| founded = {{start date and age|2001|df=yes}}
| founder = Stephen Marsh
| hq_location = 851 SW 6th Ave #800
| hq_location_city = Portland, Oregon
| hq_location_country = United States
| area_served = Worldwide
| key_people = {{unbulleted list |Stephen Marsh, Founder| Kim Crawford Goodman, CEO}}
| products = Archiving software
| revenue = {{increase}}$111.4 million
| revenue_year = 2018 {{cite web| url=http://www.inc.com/profile/smarsh |website=Inc.com | title= Smarsh Profile | accessdate= September 13, 2019}}
| num_employees = 623
| parent = K1 Investment Management {{cite web| url=https://techcrunch.com/2017/11/15/two-compliance-companies-are-merging-to-build-a-firm-that-could-generate-100m-in-revenue/ |website=TechCrunch |title= Two Compliance Companies Merge to Build a $100M Firm | first= Ron|last= Miller |date=15 November 2017 | accessdate= September 13, 2019}}
| divisions =
| website = http://www.smarsh.com
| footnotes =
}}
Smarsh Inc. (stylized as smarsh) is a "software as a service" (SaaS) company headquartered in Portland, Oregon, with nine offices worldwide.{{cite web|url=http://www.smarsh.com/about-us|title=About Us|website=Smarsh|access-date=April 8, 2017}}{{cite web|url=http://www.bizjournals.com/portland/news/2016/12/08/smarsh-buy-beefs-up-mobile-archiving-abilities.html|title=Smarsh Beefs Up Mobile Archiving Abilities|website=Portland Business Journal|first=Malia|last=Spencer|date=December 8, 2016|access-date=April 8, 2017}} 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.{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=13638828| title=Company Overview |website= Bloomberg Business |accessdate=April 8, 2017}}
History
The company was founded in Brooklyn, New York in 2001.{{cite web| url=http://www.oregonlive.com/silicon-forest/index.ssf/2013/06/smarsh_an_archivist_for_the_in_1.html|title= Smarsh, An Archivist for the Information Age |first=Mike |last=Rogoway |date=June 13, 2013 |website=Oregon Live |accessdate=April 8, 2017}} The founder, Stephen Marsh, believed that the financial industry needed a better way to archive, store, and regulate its data as regulations required.{{cite web| url=http://www.bizjournals.com/portland/stories/2008/04/21/story6.html?b=1208750400%252525255E1622377 |title=Smarsh expects to double revenue to $10M |website=Portland Business Journal |first=Aliza |last=Earnshaw |date=April 20, 2008 |access-date=April 8, 2017}} In 2004, the company relocated its headquarters to Portland, Oregon.{{cite web| url=http://www.oregonlive.com/silicon-forest/index.ssf/2013/11/dell_sells_its_majority_stake.html| title=Dell Sells its Majority Stake in Smarsh to Investment Fund Toba Capital |first=Mike |last = Rogoway |website=Oregon Live |date = November 5, 2013 |accessdate=April 8, 2017}}
In 2012, Quest Software, which owned 60% of Smarsh, was sold to Dell Computer. In 2013, Dell sold its stake to California investment firm Toba Capital.
=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. In early 2012, the company acquired Perpetually, known for its web archiving technology.{{cite web|url=https://techcrunch.com/2012/05/16/smarsh-acquires-former-tc50-finalist-perpetually-founder-thanks-ny-tech-scene/|title=Smarsh Acquires Former TC50 Finalist Perpetually, Founder Thanks NY Tech Scene |website=TechCrunch |first=Jordan |last=Cook |date=May 16, 2012 |accessdate=April 8, 2017}} Smarsh acquired Presensoft, a cloud-based instant message archiving company, in 2015,{{cite web|url=http://www.bizjournals.com/portland/blog/techflash/2015/02/smarsh-buys-houston-based-archiving-firm.html| title=Smarsh Buys Houston-Based Archiving Firm | first= Malia |last= Spencer |website=Portland Business Journal| date = February 4, 2015 |accessdate=April 8, 2017}} and in December 2016, it acquired MobileGuard, a mobile communication monitoring and retention provider. In 2017, Smarsh acquired London-based company, Cognia, to improve Smarsh’s voice communication capabilities for mobile and landline devices.{{Cite web |last=Spencer |first=Malia |date=17 August 2017 |title=Smarsh buys London voice archiving firm |url=https://www.bizjournals.com/portland/news/2017/08/17/smarsh-buys-london-voice-archiving-firm.html |access-date=5 December 2024 |website=Portland Business Journal}} In 2018, K1 Investment Management acquired Actiance Inc. and merged with Smarsh shortly after.{{Cite web |date=2017-11-15 |title=Smarsh to merge with Actiance in bid to become a $100M compliance powerhouse |url=https://siliconangle.com/2017/11/15/smarsh-merge-actiance-bid-become-100m-compliance-powerhouse/ |access-date=2024-12-05 |website=SiliconANGLE |language=en-US}} 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.{{Cite web |date=2020-05-21 |title=Smarsh acquires cybersecurity compliance and risk analytics firm Entreda |url=https://siliconangle.com/2020/05/21/smarsh-acquires-cybersecurity-compliance-risk-analytics-firm-entreda/ |access-date=2024-12-05 |website=SiliconANGLE |language=en-US}}
Smarsh acquired TeleMessage, which archives Signal conversations, in February 2024.{{Cite web|url=https://www.smarsh.com/press-release/smarsh-completes-acquisition-of-telemessage-extends-communications-compliance-leadership|title=Smarsh Completes Acquisition of TeleMessage, Extends Communications Compliance Leadership|work=Smarsh|access-date=2024-02-29|language=en}} 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 inline|date=May 2025}}{{cite web|first1=Joseph|last1=Cox|date=1 May 2025|title=Mike Waltz Accidentally Reveals Obscure App the Government Is Using to Archive Signal Messages|url=https://www.404media.co/mike-waltz-accidentally-reveals-obscure-app-the-government-is-using-to-archive-signal-messages/|website=404 Media|access-date=1 May 2025}} It was later reported that TeleMessage had been hacked.{{Cite web |last=Cox |first=Joseph |last2=Lee · |first2=Micah |date=2025-05-04 |title=The Signal Clone the Trump Admin Uses Was Hacked |url=https://www.404media.co/the-signal-clone-the-trump-admin-uses-was-hacked/ |access-date=2025-05-05 |website=404 Media |language=en}}
Awards and recognition
Smarsh has been named to the Inc. 5000 list of fastest growing private companies in America consecutively from 2008 through 2022. The company also made the Deloitte Fast 500 list from 2009 through 2015.{{cite web| url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2009-fast500-winners-020515.pdf|title=Deloitte's 2009 Technology Fast 500 |website=Deloitte |date=2009 |accessdate=April 8, 2017}}{{cite web| url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2010-fast500-winners-brochure_020515.pdf|title=Deloitte's 2010 Technology Fast 500 |website= Deloitte |date=2010 |accessdate=April 8, 2017}}{{cite web| url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2011-technology-fast-500-winners-brochure-020515.pdf|title=Deloitte's 2011 Technology Fast 500|website=Deloitte |date=2011 |accessdate=April 8, 2017}}{{cite web| url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2012-fast500-winners-brochure-020515.pdf|title=Deloitte's 2012 Technology Fast 500 |website= Deloitte |date=2012 |accessdate=April 8, 2017}}{{cite web| url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2013-fast500-winners-brochure-020515.pdf|title=Technology Fast 500|website= Deloitte |date=2013 |accessdate=April 8, 2017}}{{cite web|url=http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2014-winners-brochure-121114.pdf| title=Deloitte's 2014 Technology Fast 500|website= Deloitte|date=2014|accessdate=April 8, 2017}} In 2014, Smarsh Founder, Stephen Marsh won the Financial Technologies Forum's Person of the Year award.{{cite web| url=https://www.ftfnews.com/the-winners-circle-for-the-ftf-awards/|title=The Winners' circle for the FTF Awards |website=Financial Technologies Forum |first=Eugene |last=Grygo |date= May 27, 2014 |accessdate=April 8, 2017}} Smarsh was named a leader in the 2015, 2016, 2017, 2018, and 2019 Gartner Magic Quadrant for Enterprise Information Archiving.{{cite web|url=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|title=Smarsh (Actiance) Named a Leader in 2018 Gartner Magic Quadrant For Enterprise Information Archiving for Fourth Consecutive|website=Bloomberg|date= December 6, 2018|access-date=September 13, 2019}}