Birmingham IT firm snapped up by PE-backed counterpart
Insider Media reports on Babble Cloud’s acquisition of Arden Group. Renovata client, Babble, is a London-based communications IT provider specialising in SaaS Unified Communications and Contact Centre solutions; and is backed by private equity firm, LDC.
The acquisition of Birmingham’s Arden Group for an undisclosed sum represents Babble’s first location outside London; and Insider notes that the deal doubles the business – with combined revenues approaching £20M and a customer base of over 1200.
This is not Babble’s first acquisition; LDC’s support has also driven the earlier acquisition of Direct Response Plus, a communications IT reseller.
Matt Parker, CEO of Babble, says: “It’s unusual to get a chance to double the size of a business with a single acquisition but with our purchase of Arden Group we have done exactly that. More importantly we’ve significantly strengthened our product portfolio, added real talent to the leadership and management teams and given ourselves a great footprint outside London with a team that has built a loyal and highly referenceable customer base.”
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