Kerv, a cloud and digital transformation services provider, announced the acquisition of the Communications Compliance Practice business of TDS Global Holdings, to enhance its capabilities in FCA regulated compliance services.
The acquisition will now take the total Kerv business to more than 60-million pounds turnover and over 500 staff members, and will also create a leading compliance technology practice serving the Tier 1 banking and financial services industry in the United Kingdom.
The rebranded Kerv Communications Compliance Practice generally provides mission-critical communications compliance services to some of the major financial services organizations including 50 percent of the Tier 1 UK banks with 140,000 channels of compliance recording and over 3-billion captured calls under management across the globe.
This acquisition will strengthen the existing proposition and capabilities of Kerv around all aspects of compliance. In addition, Kerv is planning to retain all staff in the practice and will now continue to invest in the business to build its growth strategy and global presence.
Alastair Mills, executive chairman of Kerv, said across all the practices of Kerv they have a strong focus on helping their customers transform their businesses by migrating and transforming to cloud technology. Alastair Mills also said that, as they approach their second anniversary, this acquisition is another significant milestone in the development of the group.
He added, with the compliance world slow to migrate to the cloud compared to other industries, this is a transformation that is happening at a pace and the company is well placed to capitalise on the significant market trend.