October 05, 2017

Quorum Introduces the Modern Energy Workplace With The Launch Of myQuorum Design Studio

Open Software Ecosystem Empowers Energy Companies to Extend, Integrate and Build Innovative myQuorum Application Solutions

Dallas – October 5, 2017 -- Quorum, the first and only software provider to develop a persona-based user experience platform for the energy industry, announced today the next phase of its digital transformation blueprint with the introduction of myQuorum Design Studio at an event at the Microsoft Technology Center in Irving, Texas. Design Studio further extends Quorum's unique persona-based platform, called myQuorum, with a workbench and software development kit (SDK) that empowers users with the freedom to design and deliver tailored, Modern Energy Workplace solutions for the myQuorum platform.

“We’ve incorporated two decades of software leadership and innovation to create and deliver on our myQuorum vision for the Modern Energy Workplace,” said Perry Turbes, president and CEO at Quorum. “Our myQuorum platform combined with the new Design Studio will forever change the landscape for how energy software is created, deployed and enhanced by fostering an ecosystem of collaborative innovation and delivery between Quorum, our partners, including Microsoft, and our customers.”

“Our cloud-enabled, mobile-first myQuorum applications have been a huge hit with our customers since we introduced them a year ago,” said Tyson Greer, head of software at Quorum. “We are so far out in front of our competition and with our latest breakthrough, myQuorum Design Studio, we are further extending our lead by giving the energy industry unprecedented freedom to forge new business models and meet the demands of the Modern Energy Workplace.”

“IDC believes that energy hydrocarbon accounting and ERP applications are ripe for modernization with open, standards-based software application platforms and ecosystems,” said Kevin Prouty VP of Energy Insights at IDC “The myQuorum platform and myQuorum Design Studio is the type of system energy customers are looking for – a platform that breaks the traditional oil and gas legacy software delivery and collaboration pattern.”

Modern Energy Workplace

The convergence of macro-economic and technological forces has produced both new challenges and opportunities for the energy industry. Research shows that the energy industry is ready for digital transformation and modernization. myQuorum has been conceived to deliver a Modern Energy Workplace; a workplace where integration, automation and optimization erase business application silos to provide personalized decision-ready insights in seamless, simple and agile ways. It’s more efficient, cost-effective and deeply transformative. It’s business at the speed of innovation.

According to the World Economic Forum, “[over the next decade,] digitalization has the potential to create around $1 trillion of value for Oil and Gas firms.” This week, Quorum released a video on the evolution of myQuorum, as well as a whitepaper entitled, “Building the Modern Energy Workplace: How new digital tools and a changing workforce are transforming the industry.”

myQuorum Design Studio

Design Studio is a powerful suite of web-based tools and SDKs built on the myQuorum platform and designed to help administrators and developers extend and personalize myQuorum applications. Design Studio enables IT and business users to partner and deliver solutions that uniquely align myQuorum and user roles to drive competitive advantages and efficiency. It increases the agility of energy companies by allowing existing personas to be quickly and easily modified or personalized to suit specific business purposes. It drives maximum value from investment by extending myQuorum, interoperating with third parties, and creating tailored business processes and workflows. myQuorum Design Studio empowers the next energy evolution by empowering users to reimagine personas and deliver innovative, seamless user experiences across all devices. For more information visit our myQuorum Design Studio page.

About Quorum

Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all midstream companies in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we’re helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit www.quorumsoftware.com.