Read our latest eMag
Read Now

Tech business Babble acquires 5 Rings in South of England

By Karolina Skinner
19 August 2021
Share

Babble, a technology business which provides unified comms, contact centre and cyber solutions, has acquired West Sussex company 5 Rings (5 Rings Telecom and 5 Rings IT), which deploys flexible telecommunications solutions to SMEs.

This is Babble's sixth acquisition in 2021 and it will materially build Babble Cyber, extending the company's UK-wide footprint and adding scale to the business on the South Coast.

Founded in 2007 by Geoff Raynsford and Peter Raynsford, 5 Rings has offices in Lancing, St. Albans and Littlehampton.

Matt Parker, Chief Executive of Babble, said: "Throughout 2021, we have completed a number of strategic acquisitions aimed to expand, deepen and strengthen our offering, allowing us to serve even more customers across the whole of the UK and beyond.

"Seeking out the UK’s most exciting, innovative tech businesses, that utilise local talent to bring a local touch from local bases is highly valuable to us. We’re delighted that the exceptional teams from 5 Rings are joining us on our journey to becoming the UK’s leading cloud technology business."

Babble now has five hubs across the UK, including the South Coast, with 200 staff located nationwide.

About Babble

Founded in 2001, Babble's annual revenue has grown to £35m, as the company now works with over 3,500 organisations in a wide range of sectors – including financial, health and education, travel and accommodation, and public services.

Babble’s growth over the last few years is one of the success stories of the industry. The company received private equity investment from Graphite Capital in November 2020, which was supported by reinvestment from LDC and management, to accelerate the buy and build strategy for the business.

.