Quorum Software Strengths, Domain Expertise, and Key Differentiators
Quorum Software specializes in digital technology tailored specifically to streamline business workflows in the energy sector. Catering to a broad spectrum of clients, from emerging enterprises to industry giants, across various global regions, Quorum is trusted for its innovative solutions and extensive industry knowledge. Clients rely on Quorum to optimize profitability and foster growth by making data-driven decisions throughout the energy value chain, from exploration to distribution and encompassing all facets of accounting. Built upon a foundation of deep industry expertise, Quorum's integrated software platform is designed to drive profitability at every stage of the energy business.
Quorum Software Recent Developments
In June 2023, SLB and Quorum Software unveiled a digital solution aiming to optimize and expedite field development planning processes. This integrated solution automates project economic evaluations and fosters collaboration, resulting in a potential 50% reduction in the time needed for field development planning. By enabling customers to analyze a wider array of development scenarios, it empowers them to make more informed global investment decisions acceleratedly.
In March 2023, Quorum Software unveiled the latest iteration of its Planning Space application suite within the Quorum Energy Suite. This updated suite stands as the sole integrated corporate planning platform tailored to address the intricacies and obstacles encountered in planning within the contemporary energy sector. Harnessing the capabilities of cloud technology, the platform aids energy enterprises in making more informed decisions swiftly, backed by reliable and precise data.
In August 2022, Quorum Software unveiled the re-launch of its Upstream On Demand suite, introducing new application names that accurately depict their functionalities in the upstream oil and gas sector. This initiative also includes a unified branding approach across the entire portfolio. Following the acquisition of prominent SaaS solutions—OGsys, Landdox, and WellEz—between 2017 and 2020, Quorum has made substantial investments in the suite's technology roadmap and integration strategy. The goal is to provide a cohesive, multi-tenant cloud solution that seamlessly links workflows, enabling comprehensive management of all upstream operations with a turnkey approach.
Quorum Software Mergers and Acquisitions (M&A) Activities
In May 2023, Quorum Software unveiled a significant update to its eONE application, a prominent solution for gas and liquids marketing across North America. This latest release of eONE introduces various new and enhanced features aimed at providing additional value for customers, including: Lease Contract display; Petrotranz interfaces; and Gas Accrual process.
In June 2021, Quorum Software acquired TietoEVRY’s Oil and Gas software business. This strategic move includes the integration of Energy Components solutions, specializing in hydrocarbon accounting and management, as well as DaWinci solutions, focused on personnel and materials logistics in Quorum's comprehensive suite of offerings.
In February 2021, Aucerna and Quorum Software announced a merger, establishing a leading innovator and provider of software applications and solutions for the energy industry. Operating under the name Quorum Software, the merged entity will empower energy companies worldwide to enhance business outcomes by seamlessly connecting decision-ready data from operations to the boardroom.
Quorum Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Quorum Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Quorum Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MyQuorum, Energy IQ, WellEZ, customers.
Quorum Software Overview
811 Main Street, Suite 2000
Houston, TX, 77002, United States
1 713-430-8600
https://www.quorumsoftware.com/
Ownership: - Thoma Bravo
Number of Employees: 1450
Functional Markets: EPM, ERP Financial, ERP Services and Operations, PLM, PPM, Procurement, SCM,
Key Verticals: Oil and Gas, Chemicals, Utilities,
Quorum Software Key Enterprise and Cloud Applications
MyQuorum, Energy IQ, WellEZ,
Quorum Software Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Quorum Software Revenue Breakdown By Type, $M:
Quorum Software Enterprise Applications Revenues By Functional Markets, $M:
Quorum Software Enterprise Applications Revenues By Verticals, $M:
Quorum Software Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Quorum Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Quorum Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Quorum Software Customers
No. of Quorum Software Customers: 1800
No. of Quorum Software Enterprise Applications Customers: 1800
No. of Quorum Software Cloud Customers: x
No. of Quorum Software Cloud Subscribers: x
In June 2023, Quorum Software revealed that Great Basin Gas Transmission Company (Great Basin), a wholly owned subsidiary of Southwest Gas Corporation, opted for My Quorum Pipeline Transaction Management to replace its outdated in-house system. Great Basin sought modernization, particularly for its customer portal, nomination processing, and FERC mandate management. My Quorum will furnish Great Basin with a modernized, cloud-hosted system, facilitating streamlined business processes for its pipeline operations and mitigating overall operational risk.
In October 2022, Quorum Software announced that Civitas Resources, Colorado's premier pure-play energy producer, has chosen Quorum's measurement software applications, FLOWCAL and TESTit. This decision aims to enhance their data management review and validation processes, optimize data collection systems, ensure regulatory compliance, and cater to the demands of their burgeoning business expansion.
In June 2022, Quorum Software revealed that Grayson Mill Energy, a Houston-headquartered exploration and production firm specializing in acquiring and developing oil and gas assets across diverse U.S. unconventional resource plays, opted for Enersight. This decision aims to enhance operational efficiency by leveraging its comprehensive production and economic forecasting capabilities to navigate the growing intricacies of field development planning.
Quorum caters to over 1,800 clients spanning the entire energy spectrum in 55 nations, catering to entities ranging from emerging ventures to industry giants. Noteworthy clients of Quorum Software include Huntsman Corporation, SLNG, Castleton Commodities International, Cheniere, Matador Resources Company, AltaGas, American Midstream, BP, Pembina, Chevron, Energy Transfer, Anadarko, Freeport-McMoRan, Sterling Energy Company, among others.
Quorum Software Market Opportunities, M&A and Geo Expansions
In January 2023, Jan Manning was appointed as Chief Information Officer, spearheading Quorum's information technology and security division. Manning's leadership will ensure alignment with the requirements of both internal stakeholders and external clients, fostering enhanced service delivery and security standards.
In June 2022, Quorum Software announced the appointment of Emilio G. Marisei as Senior Vice President and Managing Director for the EMEA & APAC regions. In this capacity, Marisei will spearhead go-to-market strategies and uphold Quorum's commitment to delivering exemplary value to its growing roster of international clientele.
Quorum Software Risks and Challenges
With a strategic focus on risk diversification, the company is initiating new branding endeavors to establish itself as a multi-product vendor. The pivotal inquiry revolves around its strategy to leverage its achievements in the oil and gas sector to penetrate adjacent verticals less susceptible to fluctuations in oil prices.
Quorum Software Ecosystem, Partners, Resellers and SI
Quorum maintains esteemed partnerships with leading information technology companies, providing essential technologies and operating systems. These include Microsoft for operating systems, databases, and development technologies, Oracle for similar functionalities, Esri for geospatial information system (GIS) technology and operating systems, and Cisco Systems for networking technologies. Additionally, Quorum holds various SAP BusinessObjects qualifications, such as Authorized Education Partner and OEM Partner. Other notable partners include SLB, PwC, Opportune, KPMG, Capgemini, Burgher Haggard, Embark, Lighthouse Midstream, Petro Ledger, Western Land, AWS, Enverus, and many more.
In June 2022, Quorum Software unveiled a strategic partnership with Schlumberger to collaboratively integrate Quorum’s flagship Planning Space—an advanced business planning and petroleum economics solution—with Schlumberger’s FDPlan* field development planning platform, powered by the DELFI* cognitive E&P environment. This integrated offering will be directly provided by Schlumberger, featuring Planning Space as its core petroleum economics engine. Additionally, as part of the agreement, Quorum will acquire Merak* planning, risk, and reserves software from Schlumberger.
Quorum Software Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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