Cloud and digital services provider Kerv has Tier-s in its eyes with the acquisition of the Communications Compliance Practice business of TDS Global Holdings.
Financial details about the deal were not disclosed. However, the acquisition of TDS (aka Trusted Data Solutions) will take the total Kerv business to over £60 million turnover and more than 500 staff.
The business that has been snapped up employs 40 staff based in Europe, Asia and North America with headquarters in London and a 24-hour global service operations centre in Cardiff. With annual turnover exceeding £10 million, the Practice recorded a growth rate of 20% in the last financial year.
The rebranded Kerv Communications Compliance Practice provides services to financial services organisations including 50% of the Tier 1 UK banks with 140,000 channels of compliance recording and more than three billion captured calls under management globally.
Prior to the deal, London-based Kerv had Atom Bank listed as a customer on its website.
- Kerv likes history – you might do too – read about last year’s acquisition of Gyrocom here
Alastair Mills, Kerv Executive Chair, comments: “As we approach our second anniversary, this acquisition is another significant milestone in the development of the group.”
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 alongside the management team at Kerv Collaborate. In addition, Kerv plans to retain all staff in the Practice and will continue to invest in the business.
The Practice brings technology capabilities to Kerv and means it is a partner for compliance vendors including Verint and NICE. The Practice enables its clients to do compliance across various channels, including mobile, Microsoft Teams, Zoom and Symphony together with social media and messaging platforms, all delivered as a cloud managed service.
While Kerv is using this deal to hunt for profits in the financial services sector, it does work in other industries. These include central & local government, law firms, non-profits, BPOs, and galleries, libraries, archives & museums. Kerv clients mentioned on its site include English Heritage, Heineken, Harrods and Capita.
Last year, Kerv completed its acquisition of networking and SD-WAN integrator Gyrocom.
Kerv said in addition to SD-WAN, the deal brought in skills in managed networks and network security, including secure access service edge. Gyrocom operates as Kerv’s specialist networking and security division.