Quorum Software Strengths, Domain Expertise, and Key Differentiators
Quorum Software is the provider of digital technology focused solely on business workflows that empower the next evolution of energy. From emerging companies to supermajors, throughout every region of the globe, customers rely on Quorum's proven innovation and global expertise to streamline business operations and make data-driven decisions that optimize profitability and growth. 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 Software 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 Software Mergers and Acquisitions (M&A) Activities
In June 2021, Quorum Software, a Thoma Bravo portfolio company and the global software company dedicated to the energy industry, reported the acquisition of TietoEVRY’s Oil and Gas software business. This transaction includes Energy Components solutions for hydrocarbon accounting and management and DaWinci solutions for personnel and materials logistics.
In February 2021, Aucerna and Quorum Software have agreed to merge, forming the energy industry’s pinnacle innovator and provider of software applications and solutions. Operating under the name Quorum Software, the combined company will enable energy companies around the globe to improve business outcomes by connecting decision-ready data from operations to the boardroom.
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 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
Ownership: - Thoma Bravo
Number of Employees: 1350
Functional Markets: EPM, ERP Financial, ERP Services and Operations Management, PPM, SCM,
Key Verticals: Manufacturing, Oil and Gas, Chemicals, Utilities,
Quorum Software Key Enterprise and Cloud Applications
MyQuorum, Energy IQ, WellEZ,
Quorum Software Revenues, $M:
| Type/Year | 2020 | 2021 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
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 | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 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
Quorum serves more than 1,800 energy customers of all sizes, from startups to supermajors. 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 Software 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 Software 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 Software 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 Software Cloud Infrastructure Insights
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- Quorum Software Public Cloud and Infrastructure (IaaS)
- Quorum Software Platform (PaaS)
- Quorum Software Application Delivery
- Quorum Software 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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