This is another step on Babble’s rapidly accelerating ride towards £100m as we seek further acquisitions in partnership with LDC. I am delighted to have acquired another high-quality business in Lake Technologies. Both businesses have a focus on improving productivity and increasing customer engagement and organisational resilience whilst reducing costs, to deliver a rapid return on investment for clients.”Matt Parker, CEO
Chris Morris, Investment Director at LDC, said: “Matt and the team at Babble are committed to delivering an ambitious acquisitive growth strategy which we are fully supportive of. We have provided additional funding to help the team secure this deal and further broaden its services as it continues to grow.”
Since the MBO in 2017, Babble has also acquired Arden Group, Direct Response Plus, and Diva Telecom through funding provided by LDC.