Combined company to broaden and further diversify its software portfolio following merger and acquisition
Quorum Software, a leading player in digital transformation for the energy industry, recently announced two major transactions that will result in the creation of the world’s largest software provider of business workflows focused solely on energy.
As a result of the transaction, Quorum Software will strengthen its presence in the Middle East through existing offices in UAE and Kuwait and business in Qatar and Saudi Arabia, to play a leading role in accelerating the digital transformation of the oil and gas energy sector in the region.
Houston, Texas-headquartered Quorum will merge with Aucerna, a globally trusted provider of integrated planning, execution and reserves software for the energy industry. The deal will combine two Thoma Bravo ( a leading US private equity firm)-owned industry leaders with a shared focus on driving digital transformation and complementary customer offerings.
Also announced is that the newly combined company, operating as Quorum Software, has entered into an agreement with TietoEVRY to acquire the latter’s entire Oil and Gas software business.
Following the acquisition, Quorum will be the largest software provider with the broadest portfolio of solutions focused entirely on serving energy companies of any size across the globe.
“Over the last 20 years, Quorum has become the leading innovator of software deployed by North American energy companies,” commented Gene Austin, CEO, Quorum Software.
“Our three organizations complement each other — from the software that our great people design to the energy markets where we operate,” remarked Wayne Sim, CEO and Co-founder, Aucerna.
