Quorum Business Solutions Inks Significant Software Deal with Energy Transfer Partners
Houston, Texas – November 2, 2004. Quorum Business Solutions, Inc. (Quorum) has entered into a new licensing agreement with Energy Transfer Partners, L.P. (NYSE:ETP) for a number of integrated Quorum Energy Software Suite products, including the 27th license for Quorum’s industry leading gas plant accounting and allocations software - Quorum TIPS.
Energy Transfer Partners is a publicly traded partnership with a diversified portfolio of energy assets. The partnership’s natural gas operations include approximately 6,500 miles of pipelines, as well as gathering and processing assets in Texas, Oklahoma, and Louisiana.
Energy Transfer Partners licensed multiple Quorum Energy Software Suite products including Quorum TIPS, Quorum Measurement, Quorum Regulatory Reporting, Quorum Imbalance, Quorum Division Order & Disbursements, and Quorum Query & Reporting. The implementation project will commence in October 2004 and is set to complete in early 2005.
About Quorum Business Solutions, Inc.
Quorum Business Solutions, Inc. is a product-centered consulting company that designs, develops, implements, and supports business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum now has over 150 staff operating out of offices in Houston, Dallas, and Calgary. Represented among Quorum’s clients are over 20 Fortune 500 companies.
Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market natural gas and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing from wellhead to burner tip. The Quorum Upstream Suite includes products for land & lease management, integrated mapping/GIS, production & revenue accounting, core financials (GL, AP, AR), cost accounting (JIB, AFE, FA), division order, volume management, and gas marketing. The Quorum Midstream Suite includes TIPS, the de facto industry standard solution for gas plant accounting, and products for measurement, division order & disbursements, gathering management, liquids marketing, and enterprise contract management. The Quorum Pipeline Suite includes products for pipeline transaction management, pipeline integrity management, and right-of-way management.
For more information, visit Quorum’s web site at www.qbsol.com or call us at 713-430-8601.
Source: Quorum Business Solutions
