Smarsh, provider of electronic communications archiving services for regulated organizations, has bought the Digital Safe archiving and risk management portfolio from Micro Focus.

The purchase of Digital Safe’s customer base, technology and staff will strengthen Smarsh’s archiving and global growth strategy. Smarsh currently serves over 6500 customers in investment and commercial banks.

The Digital Safe business includes the Digital Safe product and its complementary offerings.

“This is a strong, strategic move that enables greater global innovation and growth for both Digital Safe and the Smarsh customer base,” said Scott Richards, senior VP and GM of Information Management and Governance at Micro Focus. “Smarsh has built its growth and reputation through electronic communications archiving and compliance, with continued innovation in artificial intelligence and cloud deployability.”