Kerv acquires financial services and banking advisory from TDS

Cloud service and digital transformation provider Kerv acquired the Communications Compliance Practice business of TDS Global Holdings. Financial terms of the deal were not disclosed.

This is technology M&A deal number 629 that ChannelE2E has covered so far in 2022. Discover over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

Kerv, founded in 2020, is based in London, England. The company has 116 employees listed on LinkedIn. Kerv’s areas of expertise include Unified Communications, Voice, Data, Mobility, Compliance, Cloud Services, Digital Workspaces, Managed IT Services, Digital Transformation, Microsoft Dynamics, Power Platform Plus, SD-WAN, managed networks and network security, among others.

TDS, founded in 2011, is based in London, England. The company has 40 employees based in Europe, Asia and North America. TDS’ areas of expertise include IT lifecycle management, application services, human resources and accounting, as well as recruitment and consulting.

The acquisition will bring Kerv’s total turnover to over £60 million ($71.4 million) and more than 500 employees. The acquired entity will be rebranded as Kerv Communications Compliance Practice in the hope of serving the UK Tier 1 banking and financial services industry, the company said.

Current leadership of the communications compliance practice, including CEO Brad Gorton and chief strategy officer Paul Wilson, will join Kerv in leadership positions, according to the company. Kerv said he plans to retain all staff at the firm and will continue to invest in the business to capitalize on its growth trajectory and global presence.

Kerv Acquires Communications Compliance Practice: Leadership Insight

Alastair Mills, Executive Chairman, Kerv

Alastair Mills, Executive Chairman of Kerv, commented:

“Across all of Kerv’s practices, we strive to help our customers transform their business by migrating and then transforming into the cloud. As we approach our second anniversary, this acquisition is another important step in the development of the group. With the world of compliance being relatively slow to migrate to the cloud compared to other industries, this is a transformation that is currently happening at a rapid pace and Kerv is well positioned to capitalize on this important market trend. .

Brad Gorton, Managing Director of Kerv Communications’ New Compliance Practice, added:

“We are excited to join the Kerv team for the next leg of our journey. The opportunity to leverage our global cloud capabilities, expand our digital services and accelerate investments in our automation technology, monitoring and proprietary by leveraging Kerv’s capabilities is fantastic for us and our customers. Bringing the rest of the Kerv Group portfolio to our customers and providing our Kerv customer compliance expertise will help us accelerate our own growth.

About Kerv

Kerv was founded in 2020 when three UK-based managed service providers merged in a $38.6 million deal funded by a private equity firm LDCs.

The founding companies were DoubleEdge Professional Services, Foehnand Computer metaphor.

The group was brought together by the founder and former CEO of the UK managed cloud service provider Six Degrees Group Alastair Mills, as well as former Six Degrees COO Mike Ing. Six Degrees was responsible for a similar deal in 2018, acquiring cloud-centric MSP CNS Group.