Babble has snapped up comms solutions provider Midland Comms and Cloudstream Technology Limited in a move to strengthen its position as a cloud service provider (CSP) in the UK.
The two new acquisitions collectively add £4.5 million in revenues, 90 per cent+ of which is recurring, according to Babble, taking its overall revenue run rate past £100 million annually.
The two acquisitions will see more than 30 new employees join Babble.
Midland Comms has been serving SMEs across the Midlands for nearly 50 years, providing communications solutions to over 500 customers.
Cloudstream’s MSP business, on the other hand, has more than 350 customers across Scotland, the North of England and Northern Ireland.
Babble CEO Matt Parker said that the two strategic acquisitions significantly strengthen this outfits’s position as the only UK Cloud Service Provider of Comms and IT solutions at scale.
“They bring high quality retained customers and fantastic, expert people into Babble. This also further extends our geographical reach across the UK, bolstering our ability to offer nationwide coverage with local support to give customers the best possible levels of service.”
