Babble has significantly grown its mobile offering with the announcement of its largest acquisition to date of Chester-based mobile services reseller, Vivio.
Acquiring Vivio has also strengthened Babble’s footprint in the North West following the acquisitions of Active, Concert and Lake. Founded in 2001, Vivio currently has over 60,000 mobile connections on multiple platforms across the UK with the deal further strengthening Babbles relationship with O2 and its overall standing within the mobile market.
Vivio adds to Babble’s collective knowledge with its colleagues bringing proven experience to the business as well as excellent systems and processes. CEO James Wright will be involved for a short period of time to assist with the integration of the two businesses and Managing Director, Suzie Whibberley, will be joining the senior team at Babble with her focus remaining on mobile.
As Babble continues its buy-and-build journey, which led to ICON Corporate Finance officially recognising Babble as the UK’s most acquisitive tech company in 2021, this acquisition marks Babble’s ninth acquisition this year alone. Since 2019, Babble has now completed 24 acquisitions.
Matt Parker, Babble CEO says, “Acquiring Vivio is a tremendous win for Babble as we continue to grow our mobile arm. Vivio has an award-winning team proven at providing a people-first service and cutting-edge solutions which drive growth. Our experience across contact, cyber and comms means we can help Vivio’s customers grow even faster by introducing new technology to different areas of their businesses. We’ll keep Vivio’s local service, with the added benefit of our national presence providing extra expertise and resources.”
James Wright, CEO of Vivio says, “Joining Babble is such an exciting opportunity for our business, our colleagues and our clients. We’re delighted with how we have progressed to this point and can’t wait to see how Babble takes things to the next level.”
Babble is a leading technology business that is reimagining how we do work. Founded in 2001, the company works with over 19,000 organisations in a wide range of sectors – including financial, health and education, travel and accommodation, and public services – by sourcing deploying and supporting locally the very best cloud solutions.
Babble’s growth over the last few years is one of the big success stories in its industry. This is demonstrated by the private equity investment of Graphite Capital in November 2020 – which was supported by reinvestment from LDC and management – to accelerate the buy and build strategy for the business. Annual revenue is approaching £90m – over 90% of which is recurring. It has over 50,000 cloud-based users, 165,000 mobile connections and 5,000 CCaaS seats.
Visit Babble at https://babble.cloud/
Visit Vivio at https://www.vivio.co.uk/