K1 Investment Management Purchases Actiance

K1 Investment Management announced the acquisition of Actiance, a communications compliance, archiving, and analytics company. Pending regulatory approval from government authorities, Actiance will combine with K1’s portfolio company Smarsh, which provides comprehensive archiving solutions for compliance, e-discovery, and risk management.

Actiance, founded in 1998, is an enterprise-grade platform that delivers security, management, and compliance, and ensures integration with such existing enterprise infrastructure as active directories, databases, and archiving systems. It previously raised more than $43 million in funding from investors including Golub Capital, Credit Suisse, and Scale Venture Partners.