Quorum Software Announces Agreement for EAG to Acquire its Business Process Outsourcing (BPO) ServicesMay 02, 2022
HOUSTON, May 2, 2022 – Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced it has entered into a binding agreement for E.A.G Business Holdings, Incorporated (EAG) to acquire its Business Process Outsourcing (BPO) arm, based in College Station, TX.
Quorum’s comprehensive BPO services are designed to help companies increase operational efficiency, improve business agility and meet the demands of a changing workforce. The agreement made with EAG is part of Quorum’s strategy to focus on its primary mission of developing cloud-first software that connects people and information with business workflows across the global energy ecosystem.
EAG, headquartered in Houston, serves oil and gas clients nationwide with full-scale consulting services ranging from acquisition strategy to software selections and implementations. Through this transaction, customers that utilize the BPO services will gain access to a wider range of industry solutions to address the end-to-end process of upstream and midstream oil and gas operations beyond outsourcing. These services include owner relations, IT and desktop support, full-scale accounting, acquisitions and divestitures (A&D) support, drilling and completion, land management, and more. BPO under EAG will continue to utilize Quorum’s industry-leading land and accounting software platform.
Quorum anticipates the transaction to be concluded by May 2, 2022.
For further information about the BPO transaction, contact Cameron Hsu, Vice President Alliances, Quorum Software.
About Quorum Software
Quorum Software is the largest fully-dedicated energy industry software provider in the world, serving more than 1,800 customers across the entire energy value chain in 55 countries. Quorum’s solutions power growth and profitability for energy businesses by connecting people, workflows, and systems with decision-ready data. Twenty years ago we delivered the industry’s first software for gas plant accountants, and today our solutions streamline business operations with industry forward data standards and integrations. The global energy industry trusts Quorum’s experts and applications to successfully navigate the energy transition while delivering value today and into the future. For more information, visit quorumsoftware.com.