K1 Investment Management, an investment firm, recently announced the acquisition of Actiance, a communications compliance, archiving, and analytics provider.
Pending regulatory approval from government authorities, Actiance will combine with Smarsh, which provides comprehensive archiving solutions for compliance, e-discovery and risk management, creating a combined compliance and enterprise information archiving solutions provider.
The combination allows leading financial institutions to stay ahead of compliance within an increasingly complex and evolving legal and regulatory environment. Together, the combined company offers deployment options (cloud, dedicated, on-premise, and hybrid) to meet the needs of its customers. It also provides capture, compliance, archiving, and supervision support across the broadest range of electronic communications, including e-mail, social media, mobile messaging, instant messaging/collaboration, encrypted chat, and voice communications.
The combination firm will continue to support both companies’ product lines while providing customers greater value and flexibility. Near-term priorities include more investment in product capabilities, increased flexibility in deployment options, accelerated expansion in Europe and development of a joint channel partner program.
“Our customers will be able to provide greater flexibility to their employees by not having to compromise on their choice of communications channels, deployment models, or compliance needs,” said Stephen Marsh, Founder, Chairman and CEO of Smarsh. “Perhaps most importantly, organizations with legacy, on-premise capture and archiving solutions can make the overdue transition to upgraded and more modern solutions. All of this is now possible through a single provider.”
The combined organization will build upon the strong growth of both Smarsh and Actiance, and will maintain operations in Oregon, California, New York, Massachusetts, Georgia, North Carolina, Canada, India, and the United Kingdom. Terms of the deal were not disclosed.