Quorum Software to Acquire Entero Corporation
Quorum Software is excited to announce we have entered into a definitive agreement to acquire Entero Corporation. With over 100 customers throughout North America, Calgary-based Entero is a software leader in Economics and Reserves for Upstream and Midstream Marketing, Operations, and Terminal Logistics. The acquisition continues Quorum’s push to cover more of the energy value chain than any other software provider, enabling our customers to manage volume to value better.
By combining the functionality of MOSAIC™ and Entero® ONE™ (E1) with the Quorum modern energy software suite, no other software vendor delivers the scope of capabilities across both Upstream and Midstream Planning, Accounting, Finance, Operations, Transportation, and Logistics.
our vision to drive strategic software innovation and enable our customers to exploit the latest digital technologies, like big data and cognitive, to accelerate business and the modern energy workplace.
profit potential and streamline volume-to-value workflows by integrating MOSAIC into the myQuorum™ Upstream suite.
opportunities for our Upstream customers to take advantage of industry-leading, next-generation Economics and Reserves.
our Canadian presence by adding people, geo-specific product functionality, and 100+ customers.
functional capabilities across the myQuorum Midstream suite, such as NGLs, biodiesel, and refined products.
Entero MOSAIC customers manage over $88 billion worth of BOE production and reserves
MOSAIC offers the industry’s most complete, next-generation Economics and Reserves application for Upstream producers.
- Economics & Planning
- Reserves Management
- Financial Planning & Analysis
Drilling & Completions
- Well Lifecycle & Analytics
- Production Management (FDC + Allocations)
Accounting & Finance
- APE + Accounting
- Revenue Accounting
- Financial Accounting
Economics and Reserves are the foundation of Upstream success.
Economics & Planning and Reserves Management are viewed as a single solution by 58% of O&G firms
~50% of O&G firms indicate they plan to integrate Economics & Planning with Reserves Management in the coming years
E1 customers manage operations through 95% of the major North American fractionation sites.
Entero ONE (E1) offers Midstream Marketing, Operations, and Terminal Logistics for NGL operators.
Operations & Transactions
Industry participants need agility to seize opportunities presented by changing market dynamics. Quorum has the broadest set of capabilities for trading & risk management, marketing, and logistics.
Quorum has the most comprehensive product offering for Midstream companies, from Gathering to the City Gate.