Smarsh acquires maker of cybersecurity tools
The acquisition of Entreda will round out the firm’s compliance offering
Smarsh, a private equity-owned compliance and regulatory tech firm for wealth management firms and banks, has acquired Entreda, a provider of cybersecurity solutions firm for wealth managers.
Entreda, which is based in Santa Clara, Calif., will continue to operate under its own brand, and under the direction of CEO and co-founder Sid Yenamandra as a stand-alone, wholly owned subsidiary of Smarsh, which is based in Portland, Ore.
Terms of the acquisition were not disclosed.
The acquisition enables Smarsh to provide enterprise-level cybersecurity risk and compliance capabilities to its broker-dealer, registered investment adviser and bank clients, the company said in release.
[More: State-registered investment advisers need better cybersecurity: NASAA]
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