Next Evolution of Global Energy Software

Quorum merges with Aucerna and acquires TietoEVRY's Oil & Gas Software Business

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Frequently Asked Questions (FAQ)

Quorum Software is excited to announce our merger with Aucerna and the acquisition of TietoEVRY’s Oil and Gas software business. The combination will bring together highly complementary workflows, mission-critical technologies, and unmatched global expertise. Gene Austin will serve as CEO of the combined company, operating as Quorum Software.

Who is Quorum Software?

Quorum offers platform-based solutions across all industry segments, including upstream, midstream, and downstream operations, delivering enterprise-wide capabilities for operators of any size, from emerging companies to global supermajors.

Quorum brings deep domain expertise to the industry via myQuorum, an open-standards-based software integration platform focused on ERP for the energy industry, featuring:

Accounting
Gathering & Processing
Land Management
Marketing & Logistics
Measurement
Production Operations
Supply & Distribution
Transportation & Storage
Well Lifecycle Reporting
Well Master Data Management

Quorum provides a suite of cloud-first, true-SaaS applications that leverages decades of domain expertise with the speed, power, and cost-savings potential of SaaS technologies:

Accounting
Land Management
Production Operations
Well Lifecycle Reporting

Learn more at www.quorumsoftware.com/

Who is Aucerna?

The Aucerna software portfolio provides upstream companies with the industry’s only complete solution for integrated planning, execution, and reserves. From corporate strategy and business planning to asset development, economics, and reserves, Aucerna solutions are trusted by thousands of executives and engineers worldwide to provide accurate, evergreen data and workflows for optimal decision making.

At the center of the Aucerna software portfolio are PlanningSpace and AssetSpace – intelligent ecosystems of integrated, fit-for-purpose technologies designed exclusively for the modern energy industry. Learn more at www.aucerna.com.

Who is TietoEVRY?

TietoEVRY creates digital advantage for businesses and society. They are a leading digital services and software company with local presence and global capabilities. Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs. Visit www.tietoevry.com/.

Who is TietoEVRY Oil and Gas?

TietoEVRY’s Oil and Gas business unit has more than 30 years of experience in the oil and gas industry. It is now the global market leader in enterprise-wide hydrocarbon accounting, hydrocarbon management, and logistics management software for the energy industry. Quorum Software has entered into an agreement with TietoEVRY to acquire TietoEVRY’s entire Oil and Gas software business, which includes the leading Energy Components hydrocarbon management solutions and DaWinci solution for personnel and materials logistics.

What does this mean for customers?

With over 1,400 employees, and more than 1,800 customers across the globe, our combined company will deliver tremendous advantages for energy companies of all sizes:

Breadth of industry solutions: Customers will have access to a wider portfolio of solutions to address end-to-end processes for acquiring and developing assets, drilling and completing wells, managing production, accounting for operations, and optimizing logistics.
Commitment to industry evolution: We are leading the digital transformation of the energy industry through modern, connected technology that helps operators overcome the hurdles of an evolving market.
Depth of industry expertise: Our software solutions benefit from our commitment to technology leadership and the deep real-world expertise of our team of industry subject matter experts.
Expanded global leadership: A broad and growing base of local support around the globe will continue to give our customers the on-the-ground service and expertise they need throughout every region of their business.

Our top priority is the ongoing success of our customers. We will continue to innovate, maintain, and support your software investment, and we will work to ensure that this transition is as seamless as possible for all.

What does this mean for partners?

The combination means that there are even more opportunities to partner. Together, we will offer the industry’s most complete suite of energy software capable of growing and adapting to meet the business needs of market participants of all sizes, from emerging operators to supermajors and national oil companies.

How does this impact day-to-day business relationships?

Day-to-day operations will continue uninterrupted – there will be no impact or changes to agreements, contracts, contact information, or payment terms.

Who should I contact if I have further questions on the acquisition?

We will continue to provide periodic updates to customers and partners as we progress through this integration. Day-to-day operations will continue uninterrupted. If you have additional questions, please feel free to contact your Account Manager.

For additional information regarding the news, please refer to our press release.