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Babble makes third M&A move in three months with 81G Blue buyout

Deal is seventh acquisition since the start of 2020

Unified comms VAR Babble has made its third acquisition in three months with its buyout of coud and managed services outfit 81G Blue.

Southampton-based 81G Blue offers cloud and managed services including software as-a-service and infrastructure as-a-service. The acquisition will bolster Babble's Cyber division.

The 81G Blue buyout marks the third acquisition in just three months for Babble and its seventh since the start of 2020.

The unified comms, contact centre and IT provider previously acquired Newcastle-based MSP Activ in February which was its largest acquisition of the last 12 months.

Backed by lead investor Graphite Capital, Babble is carving out a buy-and-build strategy complimented with organic growth. Its CEO Matt Parker previously telling CRN that he intends to make as many as 10 acquisitions this year alone.

Babble claims that its revenues have rapidly grown to £35m, 90 per cent of which is recurring.

"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," said Parker.

"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."

Samantha Gibbs, CEO of 81G Blue, said: "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."