Kerv, a London, UK-based customer-first cloud & digital transformation services provider, acquired the Communications Compliance Practice business of TDS Global Holdings.
The amount of the deal was not disclosed.
The deal will enhance Kerv’s capabilities in FCA regulated compliance services.
The acquisition will strengthen Kerv’s existing proposition and capabilities around all aspects of compliance. The existing leadership of the Communications Compliance Practice, including CEO Brad Gorton, and Head of Strategy Paul Wilson, will join Kerv in senior roles, working closely alongside the management team at Kerv Collaborate, which already has a strong presence in the banking and financial services market. In addition, Kerv plans to retain all staff in the Practice and will continue to invest in the business to build on its growth trajectory and global presence.
The deal will take the total business to over £60m turnover and more than 500 staff and create the compliance technology practice serving the UK’s Tier 1 banking and financial services sector.
The rebranded Kerv Communications Compliance Practice provides mission-critical communications compliance services to major global financial services organisations including 50% of the Tier 1 UK banks with 140,000 channels of compliance recording and more than 3 billion captured calls under management globally.
The business employs 40 staff based in Europe, Asia and North America with headquarters in London and a 24-hour global service operations centre in Cardiff. It has an annual turnover exceeding £10 million.
FinSMEs
11/07/2022