Digital transformation company Kerv acquires RegTech solution from TDS Global

Kerv, a cloud and digital transformation services provider, has acquired the Communications Compliance Practice from TDS Global to bolster its compliance capabilities.

This deal takes the total Kerv business to over £60m turnover and over 500 staff. The Communications Compliance Practice employs 40 staff across Europe, Asia and North America, with headquarters in London and a 24-hour global service operations centre in Cardiff.

It boasts an annual turnover exceeding £10m, achieving a growth rate of 20% in the last financial year.

Rebranded to Kerv Communications Compliance Practice, it will offer mission-critical communications compliance services to major global financial services organisations, including 50% of the Tier 1 UK banks.

Kerv hopes the acquisition will bolster its existing proposition and capabilities around all aspects of compliance.

The existing Communications Compliance Practice leadership, including CEO Brad Gorton and head of strategy Paul Wilson, will join Kern in senior roles. Kerv plans to retain all staff through the acquisition.

Communications Compliance Practice offers communication compliance tools for platforms including Microsoft Teams, Zoom and Symphony, as well as social media and messaging platforms.

Kerv executive chair Alastair Mills said, “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. 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.”

Last month, Australia-based tech solution provider Rubicon 8 signed a deal with Dubber AI to improve its customer help desk support. By leveraging Dubber’s AI, Rubicon can record and store all support phone calls and monitor how the discussion was.

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