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Quorum Software and Aucerna to merge and acquire Tieto EVRY's software business

Thursday, February 25, 2021

Oil and gas ERP software company Quorum, headquartered in Texas, has announced that it will merge with Aucerna, a provider of integrated planning, execution and reserves software for the energy industry.

Both companies are owned by private equity company Thoma Bravo.



Quorum will also acquire TietoEVRY's oil and gas software business, which includes the "Energy Components" hydrocarbon management solutions and DaWinci solution for personnel and materials logistics.



Terms of the transactions were not disclosed.



The idea is that the combination of Aucerna, Quorum and the TietoEVRY Oil and Gas software business will bring together complementary workflows, technologies and 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.

Gene Austin will serve as CEO of the combined company, and Wayne Sim, CEO and co-founder of Aucerna, will be appointed to its board of directors.

"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."

"Our three organizations complement each other - from the software that our great people design to the energy markets where we operate," said Wayne Sim, CEO and co-founder of Aucerna. "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."

"Quorum and Aucerna are industry leaders that have each spurred significant innovation and digital transformation in the energy industry," said Scott Crabill, a Managing Partner at Thoma Bravo. "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."

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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