Noledge Group acquires Waterford payroll software firm Pimbrook

(Left to right): Ray Ryan, CEO of the Noledge Group; Stephanie Davies, managing director of Pimbrook; and Tom Shields, operations director of Pimbrook.

Waterford payroll software firm Pimbrook has been acquired by the Dublin-headquartered Noledge Group.

Noledge is a cloud enterprise resource planning (ERP) and financial management software specialist. Financial details of the acquisition have not been disclosed, but following the acquisition, Noledge expects revenue at the enlarged group to almost double from €5.7m in 2025 to €10m by the end of 2026.

Pimbrook’s 14 employees, including managing director Stephanie Davies and operations director Tom Shields, will join the Noledge team and grow the group’s employee numbers to 67. The business will retain the Pimbrook name and continue to operate as a standalone company.

For the past 20 years, Tramore-based Pimbrook has provided Sage accounting and payroll software and services to 1,750 customers in small- and medium-sized enterprises (SMEs) in Ireland and the UK. These customers operate in sectors including healthcare, legal and manufacturing. 

With the acquisition, Pimbrook customers will access a broader range of financial management and ERP solutions, deeper expertise, and increased resources within Noledge.

Ms Davies said: “Our hands-on, customer-focused approach has enabled us to build long-standing relationships with Irish SMEs at various stages of growth. Both Pimbrook and Noledge prioritise deep customer relationships and, as we move forward together, that commitment to our combined customers will be key. 

"The expanded company will equip businesses with an enhanced suite of tools that will support their continued growth and innovation. Our shared purpose and core values will also enable the group to accelerate its own growth and cement its place as a leader in the market.”

Ray Ryan, CEO of the Noledge Group said: “The synergy between our two companies and the alignment in our expertise makes this acquisition a natural fit. It represents a significant growth opportunity for Noledge and our expected revenue increase reflects the strength of the combined businesses. 

"We also recognise the huge advantages of regional investment, and we plan to tap into Pimbrook’s impressive presence in the South East to continue to grow the business outside of Dublin. The move strengthens our market position as a leading provider of financial management software and ERP solutions that are tailored to customers’ needs and, in turn, drive faster growth for businesses.” 

Serving more than 2,000 customers across Ireland and the UK, the Noledge Group incorporates Envisage, a leading Sage partner, and OSSM, a NetSuite solution provider. The acquisition will establish Noledge’s fourth office, building its regional presence and adding to its Dublin, Belfast, and Newcastle locations.

It will broaden Noledge’s capabilities, particularly bolstering its ability to support smaller customers. They also expect the acquisition will allow the company to deliver enhanced financial management and ERP solutions to an expanded customer base across all market segments, including small, medium, and large enterprises.