LDC-backed Babble acquires Lake Technologies
LDC portfolio company Babble has acquired telecoms provider Lake Technologies.
The firm funded the transaction with fresh equity.
This is Babble's second acquisition of 2020 and fourth in total; the company previously acquired Arden Group, Direct Response Plus, and Diva Telecom through funding provided by LDC.
LDC invested in Babble in 2017.
Company
Founded in 1995, Lake Technologies provides business telephony and network services. The company is based in London.
People
LDC – Chris Morris (investment director).
Babble – Matt Parker (CEO).
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