Babble has continued its relentless M&A drive with the acquisition of 81G Blue.
The purchase of London-headquartered 81G Blue marks the third since receiving backing from private equity firm Graphite Capital in November 2020 and the seventh since the beginning of last year.
The addition of 81G Blue to Babble’s portfolio is expected to enhance its cyber capabilities.
Babble CEO, Matt Parker, said: “We’re delighted to have completed this deal. The talented team at 81G Blue shares our ambition to enhance customers’ agility, efficiency and profitability and we’ve no doubt they’ll add significant value as we continue to strengthen our cyber business unit.
“Our buy and build strategy has continued at pace in 2021. We have more acquisitions in the pipeline, as we seek high quality, innovative businesses that have the potential for further growth”
81G Blue CEO, Samantha Gibbs, added: “We’re incredibly excited to be joining Babble’s exceptional team as we continue to deliver world class support and services to our customers. We look forward to playing our part in their incredible story.”
Babble now has bases in London, Burton and Newcastle, supporting over 3,000 organisations in a wide range of sectors – including financial, health and education, travel and accommodation, and public services – by sourcing and deploying the very best cloud solutions to deliver increased efficiency, customer engagement and profitability, whilst protecting customers’ businesses.
Babble acquired Activ Technology and Ultracomms earlier this year and CEO Parker recently told UC Today that he was eyeing up a £1bn valuation for the company.
