Quorum enhances capabilities with acquisition of fielding systems.
Quorum Business Solutions, Inc., a leading provider of business information technology solutions for the energy industry, announced March 25 completion of its acquisition of Fielding Systems, LLC (Fielding). Fielding provides cloud-based applications for the oil and gas sector, including field data capture, production reporting and remote Supervisory Control and Data Acquisition (SCADA) monitoring. The acquisition expands Quorum's product suite and advances the company's strategy to deliver industry-leading software and services which enable clients to better manage data across their organizations.
"Quorum is the only company offering integrated solutions which combine real-time production and field data with back office transactional and financial business processes spanning the energy value chain," said Perry Turbes, CEO and president of Quorum. "This provides clients with unprecedented visibility into their business activities in order to optimize hydrocarbon production and financial performance."
"Our integrated cloud-based platform acquires critical data, from man or machine, and allows clients to access it from anywhere in the world, at any time, on any device," said Fielding President Shawn Cutter. "It eliminates the barriers and data silos between the field and back office, providing actionable information in a highly intuitive and efficient manner."
In July 2014, Quorum was acquired by Silver Lake Partners, a global leader in technology investing, and Silver Lake Kraftwerk, the firm's energy and resource innovation strategy. "The acquisition of Fielding creates a combined platform that we believe will provide significant growth opportunities for Quorum," said Bryce Lee, Managing Director at Silver Lake Kraftwerk. "Technology should play an increasingly critical role in the energy sector as producers and operators focus on improving efficiency. We believe Quorum's expanded suite of technology solutions meets a vital need in the industry and positions the company for continued market expansion."
Quorum and Fielding will combine organizations to facilitate the integration of expertise and capabilities. Fielding President Shawn Cutter and Fielding Chief Technology Officer Jeff Taynton will join the Quorum senior management team. For more information about Quorum, Fielding and their product offerings visit http://www.qbsol.com.
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|Title Annotation:||TECH NOTES: Product Development; Quorum Business Solutions, Inc.|
|Comment:||Quorum enhances capabilities with acquisition of fielding systems.(TECH NOTES: Product Development)(Quorum Business Solutions, Inc.)|
|Publication:||Pipeline & Gas Journal|
|Date:||Jun 1, 2015|
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