Smarsh, a company that provides capture, archiving, supervision and e-discovery solutions to financial services organizations, has acquired cybersecurity risk and compliance management company Entreda for an undisclosed sum.
This is M&A deal number 221 that MSSP Alert and ChannelE2E have covered so far in 2020. See the complete M&A deal list here.
Entreda will continue to operate under the leadership of CEO Sid Yenamandra as a standalone, wholly owned subsidiary of Smarsh, according to a prepared statement.
The Entreda acquisition enables Smarsh to offer enterprise cybersecurity risk and compliance capabilities to broker-dealers, registered investment advisors (RIAs) and banks, the companies said.
A Closer Look at Entreda
Entreda automates cybersecurity compliance on end-user devices, networks and applications, the company stated. It offers a monitoring application that runs on PC, Mac and mobile devices and performs real-time auto-remediation to address compliance issues.
In addition, Entreda provides the following cybersecurity risk remediation applications:
- Antivirus/Anti-Malware: Identifies viruses, malware and other cyber threats
- Auto VPN: Allows users to securely browse the internet, regardless of location
- Data Leakage Monitoring: Tracks data leakage in a cloud environment or on a USB drive
- Device Encryption: Manages whole disk encryption on any device
- Password Policy: Enforces an organization's password policies on any device
- Remote Desktop: Offers secure remote access to any desktop
Entreda also provides a cybersecurity risk score and compliance analytics, regulatory reports, event logs and security alerts and notifications.
What Is Smarsh?
Smarsh helps financial services organizations manage risk, the company indicated. It offers a variety of financial services solutions, including:
- Smarsh Connected Archive: Provides a cloud archive solution
- Smarsh Discovery: Allows organizations to collect, preserve, review and export electronic communications
- Smarsh Supervision: Helps organizations identify compliance issues
Smarsh manages over 3 billion messages daily, the company noted. It also supports more than 6,500 customers.
