Headquartered in London, babble cloud provides a wide range of cloud communications solutions for over 200 small and mid-sized businesses under a single unified service. Its solutions include hosted telephony (VOIP), unified communications, cloud contact centres, mobile and enterprise connectivity.
In October 2017, babble cloud (formerly IP Solutions) secured investment from LDC to accelerate its growth strategy.
The firm, which works with well-known names such as National Geographic, Oak Furniture Land and Secret Escapes, will also have access to significant additional capital from LDC to fund a series of acquisitions in the UK to help it build scale, consolidating its position in the c. £500m market for unified communications.
Alongside acquisitions, the business also plans to expand its services with several new product innovations to support continued customer growth as more companies shift to cloud-based solutions. Just under a year after LDC's investment the business re-branded from IP Solutions to babble cloud.
In October 2018 babble cloud strengthened its portfolio and doubled its industry footprint by acquiring Birmingham-based Arden Group. The deal will add strength in mobile and IT managed services to babble’s existing market-leadership in Unified Communication (UCaaS) and cloud-based Contact Centre solutions (CCaaS). It will also double babble’s revenue to nearly £20m and create a combined customer base of more than 1,200 customers.
This is the second acquisition babble has made in 2018. It follows the acquisition of Direct Response Plus, formerly part of the Yonder Digital Group of companies, which completed earlier in 2018.
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, Babble Cloud