NoBlue2 today announced its acquisition of BrightBridge Solutions Ltd to create one of Europe’s largest and most effective Oracle NetSuite partners. The combined business – which now has approximately 130 employees and revenues of over £16m – is committed to business as usual for its 400+ customers throughout and beyond the transition period. All members of the BrightBridge Oracle NetSuite and Microsoft Dynamics delivery teams will continue to support their 150 existing enterprise customers.
NoBlue2 was created through the recent merger of NoBlue and Elevate2 following a growth investment received from FPE Capital (FPE), the specialist software and services focused lower mid-market growth investor. The merger, completed in July 2023, brought together two leading UK Oracle NetSuite solution providers and this announcement integrates a third big hitter in the sector; 46 BrightBridge employees will unite their skills and expertise with the NoBlue2 team.
In addition to its role as a top three Oracle NetSuite Partner in EMEA, BrightBridge has significant capabilities in Microsoft Dynamics and Sage systems. While NoBlue2 previously focused on delivering only Oracle NetSuite projects, the addition of the BrightBridge Microsoft Dynamics team will facilitate an expanded offering.
FPE Capital has a successful track record in backing ERP software and services businesses with a focus on market leading vendors and strong, client focused cultures. With FPE’s support, the strengthened NoBlue2 is now planning to invest further into application development and related services, and to further scale the business internationally.
Ian Irwin, CEO of NoBlue2 said: “BrightBridge is a well-regarded organisation and the people joining us will be a credit to the entire NoBlue2 team. I’m delighted to welcome them and their customers – we’re looking forward to working together to help customers to achieve their goals.
We’re focused on strengthening our relationships further, delivering existing – and new – products and services to customers, and expanding our reach to deliver more innovative solutions to ambitious businesses.”
Co-founder and Sales and Marketing Director of BrightBridge, Ian Robertson, added: “The BrightBridge vision has always been to be a true partner to our customers to ensure the best return on their investment and to look after the people we employ; ultimately, they drive our success. Therefore, any acquisition had to be a perfect fit to guarantee customer satisfaction and staff retention for both our NetSuite and Microsoft teams – I’m delighted that we identified FPE’s investment and NoBlue2 as just that.
By uniting our experience, skills and passion for designing and delivering ERP systems, NoBlue2 will be a remarkable knowledgebase for customers. We aim to use our robust position to cast our net wider and deeper to help more businesses and non-profits across Europe to capitalise on using the very latest in business technologies. This is great news for everyone – we can continue to deliver projects to BrightBridge’s high standard and be part of an exciting growth story.”
Dan Walker, Partner at FPE, added: “FPE is delighted to have completed this significant acceleration of our investment in NoBlue2 through this acquisition of BrightBridge so soon after our initial investment. We have used our specialist focus on this sector to identify this rapid pathway to creating the leading European Oracle NetSuite partner. We are ambitious to continue an acquisitive and organic growth strategy in this sector and provide our customers with a range of business applications and services to aid their digital transformation.”
James Wild, partner at leading audit, tax and consulting firm RSM UK who advised the BrightBridge shareholders, commented: “From early on in discussions it was evident that the combination of NoBlue2 and BrightBridge was compelling and a great fit culturally. We are delighted to have advised BrightBridge on this exciting new chapter.”