Leading technology business, Babble, is committed to helping companies change the way they work on a massive scale. Since 2001, the company has helped over 2000 clients to transform through immersive cloud-based solutions that enhance flexibility, efficiency, and customer loyalty.
Babble recently announced that it had acquired Lake Technologies Ltd. This purchase represents the second acquisition that Babble has made so far in 2020. Overall, it’s the fourth deal build by the firm to help spur further growth and transformation since it received private equity backing in 2017 from LDC.
Reimagining How Teams Do Business
Lake Technologies provides network services and business telephony services. For over 26 years, the company has been driving successful communication strategies for its clients. Now, these customers will be able to leverage Babble’s technology for some of the most agile and efficient cloud-based solutions. These tools will allow companies to adapt rapidly to the transformational workplace today.
Since receiving private equity backing three years ago, Babble has thrived, consistently delivering strong levels of organic growth. The company remains on track to hit a target revenue of £100 million through a combination of buy and build strategizing, and organic growth.
CEO of Babble, Matt Parker, said that the new purchase is just another step on Babble’s ride towards their target revenue. The organisation is still seeking out further acquisitions alongside LDC to build on this continued momentum. Parker noted that Babble is delighted to have purchased another high-quality company in Lake Technologies.
