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Cybersecurity firm Entreda is being bought by information archivist Smarsh. Both fintech firms focus on the compliance needs of financial firms, which have closed many offices and now remotely operate most services due to the pandemic.

Entreda works with about 300 clients, such as Advisor Group, other broker-dealers, RIAs and wealth managers. Smarsh has a client base of roughly 6,500 firms, including KPMG, BBVA, ING and Penn Mutual.

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