Identity management firm seals £3m deal
Chester-based identity management firm, GB Group have acquired TMG CRB, the UK’s second largest Criminal Records Bureau for £3m.
Nottingham-based TMC CRB process over 170,000 checks a year for organisations recruiting individuals working with children and vulnerable adults.
The move will enable GB Group to access the growing market for online CRB disclosure checks; broaden its client base; and provide an integrated online employment screening solution from across the Group’s data sets.
Richard Law (GB Group’s CEO) said: “The CRB checking sector is currently going through the same transformation that we saw in the ID Verification sector, with online processes replacing out-dated and paper-based systems. TMG CRB has built a strong foothold in this area and we consider that it will be an excellent fit with our other Group offerings.
“We will combine TMG CRB’s capability to check criminal records with our existing ID Verification service which will help organisations make safer recruitment decisions more quickly and more efficiently. Although currently small, the TMG CRB business adds a strategic capability to our overall Identity Management portfolio and the prospect for very positive growth.”
TMG CRB’s unaudited accounts for the year to June 2012, showed net revenue of £1.8m and profit before interest and tax of £0.5m.