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Smarsh Acquires Entreda, Plans to Expand Cybersecurity Portfolio

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.

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