2015 Marks Significant Market Growth and National Recognition for Quorum Energy Marketing SuiteJune 02, 2015
June 2015 – Houston, TX. Quorum Business Solutions, Inc. (Quorum), the leading provider of business information technology solutions for the energy industry, today announced that Quorum Energy Marketing Suite (QEMS) is achieving broad market acceptance. QEMS was recently deemed a “major player” in the latest IDC Marketspace: Worldwide Energy Trading and Risk Management 2015 Software Vendor Assessment. In addition, QEMS has experienced exceptional market growth in 2015 (YTD) with sales to energy market participants in a variety of sectors, including:
- A large, Texas-based midstream crude, natural gas, and liquids operator
- A mid-sized producer based in Oklahoma
- A small Pennsylvania-based natural gas retailer
- A Tennessee-based natural gas and electricity procurement firm
Quorum’s significant sales growth and related analyst recognition are the result of a key corporate strategy involving a multi-year, multi-million dollar investment in Quorum’s energy marketing practice. “The IDC results, showing Quorum at the forefront of existing vendors on current capabilities, and our sales successes come little more than a year after Quorum initiated its investment in the ETRM space with the acquisition of an ETRM solution named ‘Best Newcomer’ by Energy Risk Magazine,” said Michael Muse, Vice President of Quorum’s Energy Marketing Solutions. “Our next-generation trading and risk platform, including truly integrated big data analytics, newly enhanced with robust physical logistics capabilities is a compelling solution that resonates with a market searching for a better solution.”
Quorum credits its energy focus and customer-centric solution development methodology with enabling them to build market leading solutions that have come to dominate their respective sectors, such as its industry leading solutions in gas processing, pipeline management, land management and ERP, among others. “As technology continues to evolve at a rapid pace, Quorum is committed to providing technology-forward, integrated solutions built for energy companies that ultimately improve the efficiency and visibility of their operations, “ said Perry Turbes, President and CEO of Quorum. “We were confident when we undertook this initiative that Quorum was well positioned to deliver the industry’s only integrated ETRM platform to specifically meet the complex and specific physical, financial and logistics needs for energy and we are clearly pleased to see such quick progress toward that goal with a great start to 2015.”
About Quorum Energy Marketing Suite (QEMS)
QEMS is a next generation, full-featured, front-to-back office energy marketing, trading and risk management solution used by companies with exposure to energy commodities to cost-effectively manage their energy commodity operations including production forecasting, deal/position capture, market data management, position reporting, risk analyses, credit management, multi-mode physical logistics, settlements, and more. QEMS was developed using the latest industry-standard Microsoft technologies and methodologies and is available via the QCloud, Quorum’s SSAE16 certified hosting environment.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is the leading provider of best practice energy software solutions for lasting business success. Quorum offers an integrated suite of business applications for companies that produce, gather, process, transport, store, distribute, and market crude oil, natural gas, NGLs, LNG, and power. Quorum’s unique user-centric product model ensures a long lifespan for their solutions by focusing on providing value to customers. Quorum’s expansive portfolio includes software solutions that manage operational, administrative, financial, and transactional business processes for energy. Products within the suite offer inherent integration to support data flow across the entire energy value chain, and are also capable of operating stand-alone.
For more information, please visit www.qbsol.com.