Deal is the second completed with new private equity partner, Graphite Capital, as Babble continues to deliver on its ambitions.
Unified Comms, Contact Centre and Cyber Solutions provider, Babble, announces the acquisition of Activ. The deal continues Babble’s rapid buy and build strategy, which has been complemented by robust organic growth over the last 12 months.
It is the second acquisition following investment by Graphite Capital at the end of 2020, and the sixth and largest that Babble has undertaken in the last 12 months, expanding the leading technology business’s national presence.
Matt Parker, Chief Executive of Babble, said: “We are delighted to have completed the purchase of Activ, which marks a fantastic opportunity for us. The people and talent within Activ will allow us to better achieve our ambitions.
“This year we expect to complete more acquisitions as we continue to seek innovative businesses that think the same way as us, in order to both grow the capabilities we can provide to our customers and fill our business with the best people in the industry.”
Ian Gillespie, MD of Activ, said: “Joining Babble is an exciting step for Activ. They’re incredibly ambitious, and will continue to provide the best technology and expertise to our customers across the UK.”
Babble already works with over 2,000 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 2,000 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.
In 2020 the company was valued at £90 million after rapidly growing annual revenue to £30m – 95% of which is recurring. It has over 10,000 cloud-based users, 10,000 mobile connections and 2,000 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/