LDC-backed Babble acquires CMT

Since LDC's holding period, the company has acquired Arden Group, Direct Response Plus, Diva Telecom and Lake Technologies through funding provided by LDC. The company, which will continue to pursue a buy-and-build strategy, has a £100m revenue target.

This deal was funded by LDC.

The acquisition is expected to bolster Babble's offering across the UK.

LDC invested in cloud service Babble in 2017.

Company
Founded in 1998, Corporate Management Telecom, based in Braintree, provides business telephony and cloud-based services.

People
LDC – Chris Morris (investment director).
Corporate Management Telecom – Pascoal De Oliveira (sales director).

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• Topics
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