Private equity group K1 Investment Management today acquired communications archiving and retention organization Actiance, and announced it would combine the organization with fellow archiving service Smarsh following regulatory approval. K1 bought equity in Smarsh two years ago.
For the time being, both Actiance and Smarsh will continue to operate independently, but both companies plan to consider how they’ll merge their C-suite executives, teams and operations in coming months.
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