Quorum Software Signals Dominance As It Reveals Mergers And Acquisitions

Over the last 20 years, Quorum Software has become a leader in software innovation employed by North American energy companies. Quorum provides software solutions and services to manage oil and gas, renewable energy, and natural resource operation and commercial business processes.

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Quorum is the choice of eight of the largest public energy companies worldwide, 75% of LNG exporters throughout North America, and 80% of all midstream companies in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design, and cloud technologies to empower innovation at the speed of thought.

Now, Quorum has announced it will be merging with Aucerna, a Canadian tech firm to bolster its presence in the oil and gas services sector. The combined firm will see the two companies—both owned by Thoma Bravo—operate as Quorum Software. Quorum also announced that it has entered into an agreement with TietoEVRY, a Finnish IT firm, to purchase its entire oil and gas business. The agreement includes hydrocarbon management, personnel and material logistics software, and related services. The deal is valued at $188 million.

This new merger with Aucerna and acquisition of TietoEVRY is significant in that the newly merged entity dramatically increases Quorum’s portfolio of services in the region’s hydrocarbon sector. The new company will serve over 1,800 energy companies in 55 countries. Quorum will continue to have a significant presence in Calgary and in Norway, the headquarters for TietoEVRY's oil and gas software business. Quorum will also strengthen its presence throughout North America, Latin America, Europe, Asia, and the Middle East.

"Our three organizations complement each other—from the software that our great people design to the energy markets where we operate," said co-founder and CEO of Aucerna, Wayne Sim. "Our new company will be able to deliver value to our stakeholders, while accelerating the growth of our combined business and the energy industry's software transformation."

Gene Austin, CEO of Quorum Software, will continue in his capacity as Chief Executive of the combined firm. Sim will be appointed to the Quorum Software Board of Directors.