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HOUSTON–(BUSINESS WIRE)–Quorum Software (Quorum), a Thoma Bravo portfolio aggregation and the baton in agenda transformation for the oil and gas industry, appear today that it has acquired Landdox, the arch innovator in cloud-first acreage technology. The accretion brings calm abysmal industry DNA and leading-edge architectonics to empower activity companies to reimagine acreage administration for the future.
“Over the aftermost two decades, Quorum has become the de facto accepted in action acreage management,” said Gene Austin, arch controlling administrator at Quorum. “Where we excel in the beyond and abyss of functionality for acreage management, Landdox shines at carrying accelerated addition through cloud-native technologies and processes. Landdox aligns altogether with, and in some areas already integrates with, our cloud-based SaaS applications for upstream, which agency that we can bear on the speed, power, and cost-savings abeyant of avant-garde SaaS technologies bound and comprehensively.”
A growing SaaS company, Landdox enhances Quorum’s capabilities through acceleration of innovation, adjustable business processes, and accessible software integration. Landdox’s cloud-native architectonics enables barter to innovate faster in today’s rapidly alteration world. Landdox includes self-service tools—customizable templates, user-defined accouterment and obligation tracking, and the adeptness to archetypal any acceding or asset at scale— that accomplish it accessible to configure processes to acclimate to the alteration needs of the business. And finally, Landdox supports affiliation with a defended API that can be activated in minutes, after IT aerial or advancing support.
Landdox will become a key basic of Quorum Upstream On Demand, a accurate multi-tenant SaaS apartment advised for upstream companies that charge cost-effective solutions that are simple to deploy, accessible to use, and do not crave all-encompassing IT assets to support. Upstream On Demand solutions include:
Landdox will serve as the acreage administration foundation for the abutting appearance of Quorum Upstream On Demand, which added than 600 companies await on to adeptness their oil and gas business operations.
“Quorum’s Upstream On Demand multi-tenant SaaS adventure started bristles years ago with the addition of our Microsoft Azure-based assembly application,” said Tyson Greer, arch artefact administrator at Quorum. “Over the aftermost bristles years, we delivered added key upstream SaaS applications. And now finally, with the Landdox acquisition, we accept the industry’s best complete apartment of SaaS articles that allows us to not alone innovate and reimagine acreage administration but upstream operations as a whole.”
“When we founded Landdox bristles years ago, Bob Gates and I started with a eyes for reimagining the way activity and basement companies administer their amount assets,” said James Yockey, co-founder of Landdox. “In a abbreviate time, Landdox succeeded in creating a cloud-based appliance belvedere that’s calmly customizable, allegedly designed, and delights barter as abundant as it expands their operational range,” connected Yockey. “By abutting Quorum, we can advance and aggrandize on this vision, modernizing end-to-end solutions for upstream oil and gas and beyond.”
“Congratulations to Quorum and Landdox on alternation their strengths through this acquisition!” said Kurt P. Kemmerly, arch chump administrator at ThoughtTrace. Combining ThoughtTrace abstracts with acreage arrangement abstracts improves the affection of advice activity into analytical decisions, and we are aflame to abide deepening our belvedere integrations to serve our accumulated barter better.”
Quorum provides chip solutions for its customers’ amount processing demands beyond the upstream, midstream and after segments of the oil and gas amount chain. The company’s portfolio of avant-garde software addresses a ample spectrum of activity companies’ needs, from operations to accounting, bulb management, and banking forecasting. Quorum is the adopted software provider to over 75% of the better oil and gas producers in the United States, and its technology admiral 80,000 afar of activity and accounts for 80% of all accustomed gas candy in the U.S.
Kirkland & Ellis, LLP was acknowledged adviser to Thoma Bravo. Reiter, Brunel & Dunn, PLLC was acknowledged adviser to Landdox. Banking capacity of the accretion were not disclosed.
About Quorum Software
Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers activity companies of all sizes to beat their best circuitous business challenges. From the acreage to the aback office, defying complication is coded in our DNA and our software. This incomparable acquaintance is why Quorum is the best of eight of the better accessible activity companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all accustomed gas candy in the United States. Advised for agenda transformation, the myQuorum software belvedere delivers accessible standards, mobile-first architecture and billow technologies to empower addition at the acceleration of thought. At Quorum, we’re allowance abstracted leaders transform their business, and the activity industry, for a agenda world. For added information, appointment quorumsoftware.com.
Landdox is a growth-stage SaaS aggregation that reimagines the way activity and basement companies administer their amount assets. Our flagship artefact is a cloud-based appliance that is calmly customizable, allegedly designed, and delights barter as abundant as it expands their operational range. Landdox is belligerent and actively focused on carrying such acute software and casework that barter about-face to our belvedere and acquiescently abound with us. Learn added at landdox.com.
About Thoma Bravo
Thoma Bravo is a arch clandestine disinterestedness close focused on the software and technology-enabled casework sectors. With a alternation of funds apery added than $50 billion in basic commitments, Thoma Bravo ally with a Company’s administration aggregation to apparatus operating best practices, advance in advance initiatives and accomplish accretive acquisitions advised to advance acquirement and earnings, with the ambition of accretion the amount of the business. The close has offices in San Francisco and Chicago. For added information, appointment www.thomabravo.com.
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