Our new strategic plan, Hyperspace 2029, started in 2024, aiming to achieve a quantitative and qualitative leap as a company, reaching 1.000 million euros in revenue with an associated EBITDA of 12.5% by the end of 2029.
A key part of this plan involves maintaining an annual organic growth rate of 15% to 20%, complemented by larger inorganic operations than those conducted so far.
Therefore, at the end of 2023, we set out to find a financial partner with the strength needed to support these ambitious plans. Another reason was to replace our current investment fund, Aurica, whose divestment cycle in Babel was nearing its end.
We have reached an agreement with a new investor partner, Mubadala Capital, a management company belonging to the Abu Dhabi-based Mubadala Investment Company group. They are present in Abu Dhabi, London, New York, San Francisco, and Rio de Janeiro. The fund will hold a majority stake in Babel, although the current management team will retain a significant share.
As in 2020 with the entry of Aurica into Babel, Mubadala Capital’s arrival in our company serves as a motivation and encouragement for those of us who work at Babel. Not only will our culture and values remain unchanged, ensuring the company’s essence stays intact, but we will also have a first-class international investor with strong financial capabilities to support us in operations of almost any size and scale. Similarly, we are becoming the perfect partner for our clients, as this alliance enables us to drive investment in cutting-edge technological capabilities, consolidating our position as one of the most relevant players in our sector today.
According to Tony Olivo, CEO of Babel, “We are incredibly excited about Mubadala Capital’s arrival at Babel and the challenging goals we’ve set for ourselves. At the same time, we bid farewell to Aurica, our partners since 2020, with deep gratitude for being the ideal partners in these recent years, driving our international expansion and M&A operations, helping us transform our company to confidently face the new challenges in this new cycle“.