Babble has announced the acquisition of TechQuarters, a Microsoft Cloud Solution Provider (CSP) servicing SMB and Enterprise customers across the UK.
The deal increases Babble’s Microsoft expertise across Office 365, Sentinel, and Azure. Babble’s focus on being the only MSP with SaaS like financials is reinforced by TechQuarters’ recurring revenue at 85 per cent with organic growth at 40 cent+.
Matt Parker, CEO of 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 businesses rely upon and cements Babble as the only UK Cloud Services Provider of Comms and IT MSP solutions at scale.
“This moves us closer to our aim of being the UK’s largest and preferred Cloud Service Provider, with local ‘hubs’ located across the country. The long-term goal of creating these hubs is so we can run the business as a national one, while still providing customers with the individual and local support that they need.”
Babble is also announcing today the acquisition of Stonegate, a Microsoft-focused MSP based in Bury. The combination of TechQuarters and Stonegate further strengthens Babble’s customer support capabilities, with both companies bringing reliable and proactive customer service records, collectively a team of more than 45 experts. They have both deployed effective remote and offshore support models, and Babble will integrate this into its existing offering to bring its customers 24/7 support and training.
Brian Parker, Founding Director at ICON Corporate Finance, which advised on the deal added, “this was a hugely competitive process. The combination of a first-class team, strong organic customer growth, and recurring revenue attracted upwards of 20 bidders. We believe Techquarters has found the best possible home as part Babble.”
“The acquisitions of both TechQuarters and Stonegate will allow us to further diversify and broaden our offering for more companies to successfully adopt the cloud. We are 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.”