Thoma Bravo to Acquire Quorum Software

SAN FRANCISCO & HOUSTON–(BUSINESS WIRE)–Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has agreed to acquire Quorum Software (“Quorum” or “the Company”), the leader in digital transformation for the oil and gas industry, from Silver Lake. The transaction is expected to close in the third quarter of this year, subject to standard and customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed. Since its inception in 1998, Quorum has delivered purpose-built software, fueling the digital transformation of the oil and gas industry and operates in markets across the United States and Canada. Quorum serves its customer base by providing integrated solutions for their core processing needs across the upstream, midstream, and downstream segments of the oil and gas value chain. “We are excited to partner with Thoma Bravo to advance our strategic goal of ‘shaping the modern energy workplace’ through delivering innovative mobile and cloud-based software platforms and services,” stated Perry Turbes, Chief Executive Officer, Quorum Software. Turbes continued: “The North American oil & gas industry continues to grow, with a heightened focus on operational efficiencies and maximized capital productivity. Quorum’s comprehensive capabilities across the value chain with advanced technical innovation… continue reading

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Source: CTRM Center

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