Babble, the cloud comms, contact centre and cyber solutions firm backed by mid-market private equity investor LDC, has acquired its third company this year – Corporate Management Telecom Ltd (CMT).
Established in 1998 and based in Braintree, Essex, CMT provides business telephony and cloud-based services including voice, system hardware, IT and mobile to 500 customers. Since partnering with LDC in 2017, Babble has acquired Arden Group, Direct Response Plus, Diva Telecom, Lake Technologies and, now, CMT as part of an ambitious buy and build strategy.
CEO Matt Parker said: “This is a thrilling and defining time for Babble. As we continue to expand through acquiring high quality businesses, we are getting closer step by step towards our £100m revenue target. We focus on innovative and resilient businesses that are making interesting moves, and CMT fits perfectly within that category.”