Quorum Business Solutions, Inc.
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Quorum Business Solutions, Inc. - overview
Established
1998
Location
Houston, TX, US
Primary Industry
Software
About
Based in Texas, US, and founded in 1988, Quorum Business Solutions, Inc. , trading as Quorum Software, operates as a provider of digital technology focused on business workflows. The company operates in Dallas, Denver, Tampa, College Station, and Calgary, Canada. The company also has more than 1,500 software projects.
In July 2010, the company was acquired by Carlyle Group and Riverstone Holdings. Silver Lake acquired the company in December 2014 and in September 2018, the company was acquired by Thoma Bravo. The company provides software solutions that allow oil and gas companies to consolidate and validate gas and liquids meter data, track business events and streamline marketing activities. The company also offers finance, operations, and accounting software to the upstream, midstream, and downstream segments of the oil and gas supply chain.
The company also offers business process outsourcing and training courses. The company's revenue is generated by providing a platform that enables enterprise integration and access to consumable data which enables clients to meet their short and long-term goals. In February 2021, the company announced its agreement to merge with Aucerna and acquire TietoEVRY’s oil and gas software business which will enable the company to expand its portfolio of solutions across the upstream, midstream, and downstream sectors of the energy value chain.
Current Investors
Thoma Bravo
Primary Industry
Software
Sub Industries
BPO Services, Education & Training Services, Systems Management Software, Storage Management Software, Sales & Marketing Software, Logistics Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.quorumsoftware.com
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Quorum Business Solutions, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | zdSCADA, LP | - | ||||||||
| Secondary Buyout | Completed | Quorum Business Solutions, Inc. | - | ||||||||
| Private Debt | Completed | Quorum Business Solutions, Inc. | - | ||||||||
| Merger | Completed | Aucerna | - | ||||||||
| Add-on | Completed | TietoEVRY's Oil and Gas software business | - |
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