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Dell owns 60 percent of Smarsh, with an option to buy more. Companies that produce the kind of growth that Smarsh has inevitably attract suitors. But don't look for a buyout at Smarsh: It's already happened. More on the electronic archivist.
The new owner is a California investment firm, Toba Capital, which manages a $250 million fund and says itâs ready to invest in expanding the Portland business. Smarsh is already moving to grow its work force and expand its downtown office to make room for the new employees. âItâs been a dramatic difference for us, even in a short amount of time,â said Stephen Marsh, Smarshâs founder and chief executive, reflecting on the new ownership.