LDC-backed bubble completed the acquisition of Arden Group

Lloyds Development Capital-backed babble cloud holdings, a UK provider of cloud-based communications technology, completed the acquisition of Arden Group, a Birmingham-based IT company. Financial terms were not disclosed. “It’s unusual to get a chance to double the size of a business with a single acquisition but with our purchase of Arden Group we have done exactly that. More importantly we’ve significantly strengthened our product portfolio, added real talent to the leadership and management teams and given ourselves a great footprint outside London with a team that has built a loyal and highly referenceable customer base. This feels more like a merger than an acquisition in that we are bringing two highly complementary businesses together and I am very excited about the future as one team,” Matt Parker, babble Chief Executive.