Quorum Systems

About Quorum Systems

Quorum Systems, operating as Quorum Software, was established in 1998 and is headquartered in Houston, Texas. The company has positioned itself as a significant software provider for the energy industry, serving a global clientele that includes supermajors, emerging operators, and national oil companies across 55 countries. Quorum's business model is centered on delivering cloud-first software solutions that streamline business workflows and optimize profitability for energy companies. Revenue is generated through its comprehensive portfolio of software and services that cater to the upstream, midstream, and downstream sectors of the oil and gas value chain.

The company's product suite, the Quorum Energy Suite, offers a range of integrated solutions for finance, operations, and accounting. A key offering is the myQuorum platform, a cloud-based system that integrates land management, financial accounting, well operations, and production operations into a single interface. This platform aims to provide decision-ready data and automate critical workflows. For instance, myQuorum Land On Demand provides land management functionalities, including lease and contract management, accessible from any device. Other specialized products include FLOWCAL for hydrocarbon measurement, Energy Components for hydrocarbon management, and DaWinci for personnel and materials logistics. These tools address specific industry needs such as managing a significant share of global LNG cargoes and U.S. natural gas.

Significant milestones in Quorum's history include its acquisition by private equity firm Thoma Bravo in 2018, which aimed to accelerate the company's growth and innovation. This was followed by a merger with Aucerna and the acquisition of TietoEVRY's oil and gas software business in 2021, a move that significantly expanded Quorum's portfolio and established it as a major global player in energy software. More recently, Francisco Partners acquired Quorum from Thoma Bravo, signaling continued investment in its strategic growth. The leadership has also seen changes, with Paul Langenbahn taking over as President and CEO in 2022, bringing extensive experience from senior roles at technology companies like NCR Corporation and Radiant Systems.