Quorum Software, a technology company, has completed two transactions that will result in the creation of a provider of flow software business work focused exclusively on energy. Quorum will merge with Aucerna, a global provider of integrated planning, execution and reservation software for the energy sector. The deal will combine the two companies, both owned by Thoma Bravo, who share a focus on digital transformation.
The new company, Quorum Software, has signed an agreement with TietoEVRY to acquire its entire oil and gas software business unit, which includes the hydrocarbon management solution Energy Components and the DaWinci solution for logistics personnel and materials.
Gene Austin will be the CEO of the merged company and Wayne Sim, CEO and co-founder of Aucerna, will be appointed to the board of directors.
“In the past 20 years, Quorum has become the leader in software innovation employed by North American energy companies,” said Gene Austin, CEO of Quorum Software. “Today Quorum is expanding its scope of our technology and experience to all energy producing regions in the world. Customers anywhere will have access to a cloud technology ecosystem that connects data ready for decision-making in operations to the room of meetings. ”
“Our three organizations complement each other – from the software that our excellent people design to the energy markets in which we operate,” said Wayne Sim, CEO and co-founder of Aucerna. “Our new company will be able to add value to our shareholders, while accelerating the growth of our combined businesses and the transformation of the energy industry’s software.”