Compliance technology provider Smarsh has snapped up Entreda, which offers cybersecurity risk and compliance software provider for wealth managers.

The deal value was not revealed.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Entreda will however, retain its brand, and operate as an independent subsidiary of Smarsh.

The firm’s existing co-founder and CEO Sid Yenamandra will continue to spearhead the business.

Yenamandra noted: “Our transaction with Smarsh provides us with growth resources and investment capital to accelerate our product innovation, while reinforcing the capabilities that have enabled us to deliver an exceptional service experience to clients across the wealth management space.

“Our customers should be confident that it remains business as usual in how they interact and engage with Entreda and look forward to the many exciting product enhancements and new solutions that we can roll out, more expeditiously than ever, in partnership with Smarsh.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Entreda offers the Unify cyber risk platform to enable regulated industries to monitor client information and assets while addressing security concerns.

The firm has a client base of around 300 clients.

Through the takeover, Smarsh looks to address the growing need for cyber risk mitigation by offering enterprise cybersecurity risk and compliance capabilities to broker-dealers, RIAs and banks.

Smarsh CEO Brian Cramer said: “With the acquisition, Smarsh can now offer our customers cutting-edge device, network and user level cybersecurity risk and compliance management capabilities.”