Babble acquires Cloudstream Technology! Venture Corporate Finance completes its FOURTH IT Transaction of 2023
Venture Corporate Finance advised the shareholders of Cloudstream Technology during the recent successful sale of its IT Managed Service Provider (MSP) business to Babble. The specialist IT corporate finance company provided advisory support to the shareholders, throughout the whole process to ensure a successful due diligence and transaction process.
Ian MacLellan, Managing Director of Cloudstream, commented on the transactional excellence – “The work Stephen Taylor did in particular was outstanding”
Cloudstream is an MSP business that has more than 350 customers across Scotland, the North of England and Northern Ireland.
The acquisition complements Babble’s overall Cloud Service Provider offering, which is underpinned by two business divisions. Talk, which brings people, businesses, and places together through mobile, UC and contact centre solutions; and Tech. Which powers and protects UK businesses with a robust suite of security solutions, IT support (MSP), and Microsoft offerings.
Matt Parker, Babble CEO, says:
“These strategic acquisitions significantly strengthen our position as the only UK Cloud Service Provider of both Comms and IT solutions at scale. They bring high-quality retained customers and fantastic, expert people into Babble.
“This also further extends our geographical reach across the UK. Bolstering our ability to offer nationwide coverage with local support to give customers the best possible levels of service.”
Venture Corporate Finance are one of the UK’s leading IT and Telecoms advisors with 9 IT transactions completed in the last 18 months.
With a remarkable track record of accomplishment, Venture Corporate Finance emerges as a frontrunner… Among the UK’s premier IT and Telecoms advisors. Having successfully concluded nine IT transactions within the last 18 months. Their demonstrated expertise, commitment to excellence, and remarkable achievements position them as a trusted partner for businesses. Helping navigate the complex landscape of IT transactions. Contact us today!