As multinational compliance technology provider Actiance completes its merger with its former competitor, Smarsh, the new combined entity recently announced a new executive lineup.
K1 Investment Management, a private equity firm in El Segundo, Calif., last year acquired Actiance, headquartered in Redwood City, Calif., and then merged it with Portland, Ore.-based Smarsh to expand its compliance offerings. Together, they provide capture, archiving, and supervision support across electronic communications to financial services firms such as banks and broker-dealers.
Smarsh’s former president and chief operating officer, Brian Cramer, was named chief executive officer and will oversee sales, marketing, professional services, and research and development. The founder of Smarsh, Stephen Marsh, becomes chairman and is responsible for decisions that underline the company's direction.
Other executive changes include Parker Baldwin, chief financial officer at Smarsh, becomes CFO of the combined entity; Leo Haasbroek, the senior vice president at Actiance, is now the COO; Bonnie Page was the general counsel at Smarsh and is now the general counsel and senior vice president of business development; Greg Vesper is now chief product officer; and Anthony West will transition from the chief technology officer of Actiance to the same position at the combined entity.
Smarsh and Actiance employ more than 600 people at its offices in the U.S., Canada, India and the United Kingdom. It provides services to more than 6,500 financial services firms, government agencies and other regulated organizations.