UK-based cloud communications provider, Babble, has secured the acquisition of Microsoft Cloud Solution Provider (CSP) TechQuarters, outbidding 20 others for the opportunity.
This double acquisition follows Babble’s ongoing buy-and-build strategy, making it the company’s second double swoop this year, further strengthening its expertise across Office 365, Sentinel, and Azure and its growing cloud service provider business.
TechQuarters was named ‘Microsoft Cloud Champions’ for two consecutive years, beating out 600,000 other companies, and was also named Microsoft World Cloud Partner of the Year for SMBs.
Padding the portfolio
The acquisition accelerates Babble’s transition from a cloud communications player to a cloud services provider, comms, and IT MSP. TechQuarters’ impressive 85% recurring revenue and over 40% organic growth reinforce Babble’s aim to become the only MSP with software as a service (SaaS) like financials.
Matt Parker, CEO at Babble, said: “We’re already a Microsoft Gold Partner holding Microsoft Cloud Solution Provider status, growing faster than any other Microsoft CSP. This deal accelerates our capabilities for the full range of Microsoft solutions that businesses rely upon and cements Babble as the only UK cloud services provider of both comms and IT MSP solutions at scale.”
Babble has been expanding its presence through a series of acquisitions over the last few years, with the company buying 29 different companies since 2019.
Babble’s new vantage point
This latest acquisition spree positions Babble as the UK’s second most acquisitive company, according to ICON Corporate Finance, which advised on the TechQuarters deal.
Parker said the acquisitions of TechQuarters and Stonegate, a Microsoft-focused MSP based in Bury, Greater Manchester, will allow Babble to further diversify and broaden its offering to help more companies successfully adopt the cloud.
He added that his company is “laser focused on delivering exceptional quality of service for our customers, ensuring we are always by their side, whenever they need us, helping them transform their businesses.”
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