Cloudy Babble wants to buy activereach as part of its cunning plans to improve its security and connectivity products.
Formed in 2008, activereach is a provider of cybersecurity and connectivity solutions and serves customers across the UK.
The deal is the cloudy comms provider’s seventh acquisition of this year.
Babble chief executive Matt Parker said: “This deal is one of the most exciting things we have done as a business and it enhances us with amazing people and new technological capability. Bringing activereach into Babble is a huge step forward in the growth of the Cyber portion of our business and with this new expertise we’re equipped to further help our customers.”
Activereach managing director Mike Revell claimed the two organisations were a “perfect fit.”
“This will certainly be a winning proposition that will exceed our customers’ expectations.”
Parker claims Babble will exit 2022 with a revenue run rate close to £100 million as it works around its strategic pillars for growth – one of which is growing organically.
The other is by continuing to acquire businesses that fit its criteria, with its strategy not revolved around “finding something today and buying it today”.
