The company said the acquisition aims to significantly enhance Kerv’s capabilities in FCA regulated compliance services.
Combining the two business will take the total Kerv business to over £60m turnover and more than 500 staff and create the leading compliance technology practice serving the banking and financial services sector.
The acquisition will strengthen Kerv's existing proposition and capabilities around all aspects of compliance. The existing leadership of the Communications Compliance Practice, including Brad Gorton, CEO, and Paul Wilson, head of strategy, will join Kerv in senior roles, working closely alongside the management team at Kerv Collaborate.
Alastair Mills, executive chair, Kerv (pictured above, right, with Mike Ing, Kerv’s MD), explained, “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.”
Brad Gorton, managing director, Kerv Communications Compliance Practice, 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.”
Kerv plans to retain all staff and will continue to invest in the business to build on its growth trajectory and global presence.