The new combined business, to operate as Quorum Software going forward, looks to focus on driving digital transformation and complementary customer offerings in the energy sector.
Alongside with the merger, the acquisition of TietoEVRY‘s Oil and Gas software division aims to combine complementary workflows, mission-critical technologies and global expertise, as well as bolstering the organisation’s bid to lead the energy software industry.
@QuorumEnergy and @AucernaSocial are excited to announce our merger and acquisition of @TietoEVRY’s #OilandGasSoftware business including #EnergyComponents and #DaWinci. Together, we’re the world’s largest software provider of #Energy business workflows: https://t.co/DPRH1rgfCP pic.twitter.com/cURwhPgjTG
— Quorum Software (@quorumenergy) February 15, 2021
Following confirmation of the deal, Gene Austin will continue to serve as CEO of Quorum Software, while Wayne Sim, CEO and co-founder of Aucerna, will be appointed to its board of directors.
The combined company will serve more than 1,800 energy customers across 55 countries. Headquartered in Houston, Texas, Quorum Software will have offices located throughout North America, LATAM, Europe, the Middle East and APAC.
Additionally, presence is set to continue in Calgary, Alberta, the headquarters of Aucerna, and in Norway, the Energy Components and DaWinci software headquarters.
IoT, blockchain and the future of the energy sector
“Over the last 20 years, Quorum has become the leading innovator of software deployed by North American energy companies,” said Gene Austin, CEO of Quorum Software.
“Today Quorum is expanding the scope of our technology and expertise to all energy-producing regions of the globe. Customers everywhere will have access to a cloud technology ecosystem that connects decision-ready data from operations to the boardroom.”
Wayne Sim, CEO and co-founder of Aucerna, and board member at Quantum Software, added: “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.”
Scott Crabill, a managing partner at Thoma Bravo, commented: “Quorum and Aucerna are industry leaders that have each spurred significant innovation and digital transformation in the energy industry.
“By combining these two fast-growing and highly complementary businesses with TietoEVRY’s Oil and Gas software business, the new Quorum will have significant global scale and an unparalleled product portfolio that meets nearly every need within the energy value chain.
“We look forward to continuing to work closely with Gene, Wayne and the Quorum team in this exciting next chapter of the company’s growth story.”
