Deal is the third completed in three months and the seventh since the start of 2020
Unified Comms, Contact Centre and Cyber Solutions provider, Babble, has announced the acquisition of 81G Blue.
The deal continues Babble’s rapid buy and build strategy, which has been complemented by robust organic growth over the last 12 months. The acquisitive business has now completed seven deals since the start of 2020, three of which have been undertaken since the well-publicised backing from lead investor Graphite Capital.
With customers situated nationwide, 81G Blue is a fully managed service IT solutions provider which will enhance and expand Babble’s cyber capabilities.
Matt Parker, Chief Executive of Babble, said: “We’re delighted to have completed this deal. The talented team at 81G Blue shares our ambition to enhance customers’ agility, efficiency and profitability and we’ve no doubt they’ll add significant value as we continue to strengthen our cyber business unit.
“Our buy and build strategy has continued at pace in 2021. We have more acquisitions in the pipeline, as we seek high quality, innovative businesses that have the potential for further growth.”
Samantha Gibbs, CEO of 81G Blue, said: “We’re incredibly excited to be joining Babble’s exceptional team as we continue to deliver world class support and services to our customers. We look forward to playing our part in their incredible story.”
Babble now has bases in London, Burton and Newcastle, supporting over 3,000 organisations in a wide range of sectors – including financial, health and education, travel and accommodation, and public services – by sourcing and deploying the very best cloud solutions to deliver increased efficiency, customer engagement and profitability, whilst protecting customers’ businesses.
The Lucre Group
Babble is a leading technology business that is reimagining how we do work. Founded in 2001, the company works with over 3,000 organisations in a wide range of sectors – including financial, health and education, travel and accommodation, and public services – by sourcing and deploying the very best cloud solutions to deliver increased efficiency, customer engagement and profitability, whilst protecting customer’s businesses.
Babble’s growth over the last few years is one of the big success stories in its industry. This is demonstrated by the private equity investment of Graphite Capital in November 2020 – which was supported by reinvestment from LDC and management – to accelerate the buy and build strategy for the business. Annual revenue has rapidly grown to £35m – over 90% of which is recurring. It has over 15,000 cloud-based users, 24,000 mobile connections and 3,000 CCaaS supported agents.
Delivered through long-term client relationships, Babble offers three core solutions to businesses: Babble Comms drives efficiencies through cost saving and productivity improvements; Babble Contact – which has been named as Five9’s EMEA Partner of Year for two consecutive years – increases customer engagement by enabling high quality, positive, productive and ultimately more profitable conversations with customers; and Babble Cyber embeds business resilience by delivering the best cloud-based tools and security available, allowing teams to work the way they want to work.
For more information, please visit https://babble.cloud/.