Quorum Software and Aucerna to Merge and Acquire TietoEVRY’s Oil and Gas Software Business

By Tim Shea

Category:
Acquisition or Partnership

Quorum Software, a provider of digital transformation solutions for the energy industry, announced two major Quorum Softwaretransactions that will result in the creation of the world’s largest software provider of business workflows focused solely on energy.

Quorum will merge with Aucerna, a globally trusted provider of integrated planning, execution and reserves software for the energy industry.  The deal will combine two Thoma Bravo-owned companies with a shared focus on driving digital transformation and complementary customer offerings.

Also announced, the newly combined company, operating as Quorum Software, has entered into an agreement with TietoEVRY to acquire TietoEVRY’s entire Oil and Gas software business, which includes the leading Energy Components hydrocarbon management solutions and DaWinci solution for personnel and materials logistics.  Terms of the transactions were not disclosed.

The combination of Aucerna, Quorum and the TietoEVRY Oil and Gas software business will bring together highly complementary workflows, mission-critical technologies and global expertise.  It will position Quorum as a global leader for energy software across the upstream, midstream and downstream sectors of the energy value chain.  Following the acquisition, Quorum will be the largest software provider with the broadest portfolio of solutions focused entirely on serving energy companies of any size across the globe.

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, Latin America, Europe, the Middle East and the Asia Pacific.  Quorum will continue to have a significant presence in Calgary, Alberta, the headquarters of Aucerna, and in Norway, the Energy Components/DaWinci software headquarters.

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