Kerv acquires UK-based compliance technology practice to boost financal services business

The cloud and digital transformation services provider says the move will bring core technology capabilities to Kerv

Kerv has acquired the Communcations Compliance Practice (CCP) of TDS Global in a move which it claims will accelerate its cloud adoption in financial services and among tier 1 banking organisations.

The cloud and digital transformation services provider says the move will bring core technology capabilities to Kerv, with the CCP business enabling its clients to ensure and assure compliance across all channels.

It plans to retain all staff in the CCP business, while CEO Brad Gorton and head of strategy Paul Wilson will join Kerv in senior roles, working closely alongside the management team at Kerv Collaborate.

The CCP business, which has an annual turn over of more than £10m, employs 40 staff and has its head office in London.

The move is set to take the total Kerv business to a turnover of over £60m and more than 500 staff while strengthening its existing proposition and capabilities around all aspects of compliance.

"Across all Kerv's practices we have a strong focus on helping our customers transform their business by migrating to and then transforming in the cloud," Kerv Executive Chair Alastair Mills said.

"As we approach our second anniversary, this acquisition is another significant milestone in the development of the group.

"With the compliance world relatively slow to migrate to the cloud compared to other sectors, this is a transformation that is now happening at pace and Kerv is well placed to capitalise on this significant market trend."

The new Kerv Communications Compliance Practice "provides mission-critical communications compliance services to major global financial services organisations including 50 per cent of the Tier 1 UK banks with 140,000 channels of compliance recording and more than 3 billion captured calls under management globally," a company statement said.

Managing director of the new Kerv Communications Compliance Practice, Brad Gorton, added: "We're so excited to be joining the team at Kerv for the next stage of our journey. The opportunity to build on our global cloud capabilities, to extend our digital services and to accelerate investment in our automation, monitoring and proprietary technology by leveraging Kerv's capabilities is fantastic for us and our customers.

"Bringing the rest of the Kerv group's portfolio to our customers and providing our compliance expertise to the Kerv client base will help us accelerate our own growth even further."