Acquisition

Babble

Babble announces the double acquisition of Tewkesbury-based, Midland Comms and a carve out of the IT Managed Service Provider (MSP) business of Fife-headquartered Cloudstream Technology Limited.

Babble has made five acquisitions in the first quarter of 20231, as the company continues to establish itself as a UK leading Cloud Service Provider (CSP) with scale in both Comms and IT. The two new acquisitions collectively add £4.5m of revenues, 90%+ of which is recurring, taking Babble’s overall revenue run rate past £100m per year.

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Sector: Telecoms
Date: April 2023