Quorum Business Solutions Strengths, Domain Expertise, and Key Differentiators
From exploration to distribution and all the accounting in between, Quorum's integrated software platform is developed from the ground up with deep industry DNA that drives profitability.
Quorum Business Solutions Recent Developments
In April 2020, Quorum Software (Quorum) started its expansion of Rapid Deployments, along with a new customer support model to support the adoption of faster, cloud-based software deployments by enterprise oil and gas companies. After completing 115 enterprise projects in 2019 across upstream, midstream, and transportation market segments, Quorum is focused on speed and quality of support as its customers look for ways to increase business agility in 2020.
In November 2019, Quorum released OGsys On Demand, a cloud-based oil and gas accounting software built to solve the challenges faced by small to medium-sized businesses. OGsys On Demand will be instrumental in driving operational efficiency for small to medium upstream companies that need industry-specific functionality for complex, regulated, and time-intensive accounting processes.
In August 2018, Quorum Software was acquired by Thoma Bravo, a private equity investment firm to advance their strategic goal of shaping the modern energy workplace through delivering innovative mobile and cloud-based software platforms and services.
Quorum Business Solutions Mergers and Acquisitions (M&A) Activities
In February 2020, Quorum, backed by Thoma Bravo acquired data manager EnergyIQ. Based in the Denver area, EnergyIQ specializes in well data management software related to upstream exploration and production.With the acquisition, Quorum Software will be able to expand and strengthen its oil and gas software and services portfolio with EnergyIQ, which provides well lifecycle data management for upstream exploration and production (E&P) companies.
In June 2019 Quorum Software, a Thoma Bravo portfolio company has acquired Dallas-based Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. The acquisition expands and strengthens Quorum's industry-leading software and services with a cloud-based document management tool built to make oil and gas operations more secure, agile and compliant. Quorum provides integrated solutions for its customers' core processing demands across the upstream, midstream and downstream segments of the oil and gas value chain. The company's portfolio of innovative software addresses a broad spectrum of energy companies' needs, from operations to accounting, plant management, and financial forecasting. Quorum is the preferred software provider to over 75% of the largest oil and gas producers in the United States, and its technology powers 80,000 miles of pipeline and accounts for 80% of all-natural gas processed in the U.S.
In March 2016, Quorum acquired ePrime from Retama Resources, LLC. A Texas-based business process outsourcing (BPO) services provider, ePrime offered complete upstream oil and gas accounting and administrative services powered by Quorum software. The acquisition of ePrime augments Quorum's BPO services for the midstream oil and gas industry to include comprehensive BPO services for upstream.
Quorum Business Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Quorum Business Solutions 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 Business Solutions 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 Business Solutions Overview
Ownership: - Thoma Bravo
Number of Employees: 520
Functional Markets: Analytics and BI, Enterprise Performance Management, ERP Financial Management, ERP Services and Operations Management, Supply Chain Management,
Key Verticals: Manufacturing, Oil and Gas, Utilities,
Quorum Business Solutions Key Enterprise and Cloud Applications
MyQuorum, Energy IQ, WellEZ,
Quorum Business Solutions Revenues, $M:
| Type/Year | 2018 | 2019 | 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 Business Solutions Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Quorum Business Solutions Enterprise Applications Revenues By Functional Markets, $M:
Quorum Business Solutions Enterprise Applications Revenues By Verticals, $M:
Quorum Business Solutions Revenues By Region, $M
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 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 Business Solutions Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Quorum Business Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Quorum Business Solutions Customers
No. of Quorum Business Solutions Customers: 600
No. of Quorum Business Solutions Enterprise Applications Customers: 600
No. of Quorum Business Solutions Cloud Customers: x
No. of Quorum Business Solutions Cloud Subscribers: 10000
Quorum Software has more than 600 customers worldwide. Among Quorum Software customers are: Castleton Commodities International LLC, Cheniere, Matador Resources Company, AltaGas, American Midstream, BP, Pembina, Chevron, Energy Transfer, Anadarko, Cheniere, Freeport-McMoRan, Sterling Energy Company and other.
Quorum Business Solutions Market Opportunities, M&A and Geo Expansions
Quorum continues rapid growth and expansion in North America, they appointed three new executives to the leadership team, including Roy Queener, President, Mike Lake, President of the Entero MOSAIC Division at Quorum and Steve Robb, Vice President of Sales. Additionally Quorum Software continues to growth with opening a new regional office in Denver, Colorado, with more than 30 customers there.
Quorum Business Solutions Risks and Challenges
Aiming to diversify its risks through new branding efforts as it positions itself as a multi-product vendor. The question is whether it plans to parlay its oil and gas successes into adjacent verticals that are less sensitive to falling oil prices.
Quorum Business Solutions Ecosystem, Partners, Resellers and SI
Quorum has earned and maintains top tier partnership status with key information technology companies providing supporting technologies and operating systems, including Microsoft (operating systems, database, development technologies), Oracle (operating systems, database, development technologies), Esri (geospatial information system (GIS) technology, operating systems) and Cisco Systems (networking technologies). Quorum has multiple SAP BusinessObjects qualifications, including Authorized Education Partner and OEM Partner.
Quorum Business Solutions Cloud Infrastructure Insights
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- Quorum Business Solutions Public Cloud and Infrastructure (IaaS)
- Quorum Business Solutions Platform (PaaS)
- Quorum Business Solutions Application Delivery
- Quorum Business Solutions Private Cloud and Data Centers
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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