Babble's acquisition of Ultracomms doubles its contact centre business (Babble Contact) and precedes a string of additional acquisitions by mid-summer, according to CEO Matt Parker (pictured).
“We will continue to acquire businesses that are making an impact in the market," he said. "We have another five acquisitions in the pipeline in the next six months, and we’re on track to double our EBITDA run rate to £20m by November 2021.”
The deal is the first since Graphite Capital invested in Babble at the end of 2020, valuing the business at £90m.
Ultracomms CEO Derwyn Jones added: “A progressive and ambitious business such as Babble has the capabilities to provide our customers with the technology and expertise they require.”