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Smarsh To Acquire Telemessage, Deliver Unmatched Capability For Mobile Communications Compliance For The Hybrid Workforce

May 16, 2022•over 3 years ago

Acquiring Company

Smarsh

Acquired Company

TeleMessage

PortlandProfessional ServicesSoftwareAppsMobile

Description

Smarsh, the industry leader in enabling organizations to easily manage risk and uncover the value within their communications data, today announced that they have entered into an agreement to acquire TeleMessage, a global leader in mobile messaging and voice capture and archiving.

Company Information

Company

Smarsh

Location

Portland, Oregon, United States

About

Smarsh enables companies to transform oversight into foresight by surfacing business-critical signals in more than 80 electronic communications channels. Regulated organizations of all sizes rely upon the Smarsh portfolio of cloud-native electronic communications capture, retention and oversight solutions to help them identify regulatory and reputational risks within their communications data before those risks become fines or headlines. Smarsh serves a global client base spanning the top banks in North America, Europe and Asia, along with leading brokerage firms, insurers, and registered investment advisors and U.S. state and local government agencies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed