PE-backed Quorum Software buys OGsys

▤ Summary

Together, we bring to the marketplace a true integration of accounting, production, well lifecycle and land management solutions that scale, drive efficiency and promote profitability.” OGsys helps oil and gas operators, interest owners, mineral companies and private equity companies properly manage the complex accounting needs of the industry. Now, small enterprises can improve accounting processes at an affordable price using a solution that can grow and scale with the full suite of capabilities needed to run a modern energy workplace. With accounting solutions that have deep functionality and ease of use, OGsys extends our reach into the small and medium-sized market and furthers the Quorum mission to streamline operations that drive growth and profitability across the energy value chain.” Quorum provides integrated solutions for its customers’ core processing demands across the upstream, midstream and downstream segments of the oil and gas value chain. The company’s portfolio of innovative software addresses a broad spectrum of energy companies’ needs, from operations to accounting, plant management and financial forecasting. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.

▦ Linked Companies

Quorum Business Solutions, Inc.

$500M to $1B