Smarsh Adds Voice Archiving Offering with Acquisition of London-Based Cognia

Smarsh Acquires the Only Archiving Provider Capturing Content
Directly from Mobile Carriers, Enhancing Superior Solution for MiFID II
Recordkeeping and Supervisory Requirements

LONDON–(BUSINESS WIRE)–Smarsh®, providing information archiving solutions for
compliance, e-discovery and risk management, has completed the
acquisition of Cognia,
a worldwide leader in cloud-based voice archiving, audio search and
analytics. Smarsh will leverage Cognia’s intellectual property and
development resources to offer its global customer base enhanced
capabilities around mobile and fixed-line voice communication –
alongside a market-leading range of electronic communications – within The
Archiving Platform
. The acquisition will expand the existing
presence of Smarsh in Europe and is central to its MiFID
II compliance solution
for financial firms.

In addition to capturing incoming and outgoing communication from
fixed-line recording solutions, Cognia uniquely captures voice content
directly from leading mobile carriers. Carrier-direct capture is the
most reliable and automated method for capturing content for archival,
and is quickly and easily deployed with no device-resident software to
deploy and configure.

With the acquisition, Smarsh customers can quickly and securely search,
analyse, monitor, and produce voice and other audio content. Voice
content can be searched using both phonetic search capabilities and
leading-edge transcription technology. In addition, conversations
spanning archived voice, email, text messaging, social media, instant
messaging and other types of electronic communications can be
reconstructed with proper context, enabling firms to meet MiFID II
requirements without the hassle of searching through separate archives.

“Smarsh is focused on providing worldwide financial institutions with
the retention and oversight solutions to meet the latest regulatory
requirements,” said Stephen Marsh, Smarsh founder and CEO. “Adding the
innovative technology and team from Cognia is core to this strategy. It
positions Smarsh as the only archiving provider directly capturing
mobile voice content from the carriers, along with the most reliable and
efficient technology solution to conduct oversight of all of their
electronic communications in one place.”

Smarsh is actively helping financial organisations prepare to meet the
recordkeeping and supervisory requirements under updates to the European
Union’s Markets in Financial Instruments Directive (MiFID II) and its
accompanying regulation (MiFIR), which go into effect on January 3,
2018. The regulations affect organisations that operate and/or do
business with European firms providing investment services in the
European Economic Area, and there’s an urgent need to have systems and
processes in place to capture, retain and reproduce complete records of
all services, activities and transactions on firm and client
accounts. This includes all telephone calls on
fixed and mobile, and all forms of electronic communications related to
a trade, created or received by an organisation’s employees and

“We are excited to join Smarsh, and together, we can offer the
industry’s most complete, comprehensive solution to manage risk
throughout the entire spectrum of communications,” said Cognia CEO
Stewart Holness. “With MiFID II on the horizon, organizations will be
able to efficiently confront their recordkeeping requirements with a
partner that is committed to keeping them in compliance with the
regulatory environment.”

Terms of the acquisition were not disclosed.

Smarsh enables financial institutions to meet the records retention and
oversight requirements of organisations such as the Securities and
Exchange Commission (SEC), the Financial Industry Regulatory Authority
(FINRA) and the U.K.’s Financial Conduct Authority (FCA). For more
information on how Smarsh and The Archiving Platform help firms meet
MiFID II and MiFIR recordkeeping and supervision requirements, read the Smarsh
MiFID II solution brief
and visit

About Smarsh

delivers a comprehensive and integrated suite of information archiving
applications and services that help companies protect themselves and
manage risk. Its centralized
 provides a unified compliance and e-discovery workflow
across the entire range of digital
, including emailsocial
, mobile
text messaging
and voice. Founded in 2001, Smarsh helps more than
20,000 organizations meet regulatory compliance, e-discovery and record
retention requirements. The company is headquartered in Portland,
Oregon, with offices in New York City, Boston, Raleigh, N.C. and London.


Lumina Communications for Smarsh, Inc.
John Kreuzer, 408-896-3307