Having built a strong business platform, we’re now keen to accelerate our scale through the acquisition of other high performing businesses with complementary technologies, geography and customers. Bringing a new investment partner like LDC on board, with its track record for supporting major acquisition programmes, will enable us to make this happen.”Matthew Parker, CEO
Doubling its footprint
Since LDC’s original investment in 2017, Babble has acquired Birmingham-based Arden Group which doubled its industry footprint, Direct Response Plus, Diva Telecom and most recently Lake Technologies all through funding provided by LDC.
Through this aggressive buy and build strategy and continually delivering strong organic growth Babble remains on track to hit a revenue target of £100m.
It’s unusual to get a chance to double the size of a business with a single acquisition but with our purchase of Arden Group we have done exactly that. More importantly we’ve significantly strengthened our product portfolio, added real talent to the leadership and management team and given ourselves a great footprint outside London.”Matthew Parker, CEO
Business Transformation Management Team of the Year
BVCA London and South East Awards 2020