Quorum Enhances Capabilities with Acquisition of Fielding SystemsMarch 25, 2015
HOUSTON – March 25, 2015 – Quorum Business Solutions, Inc. (Quorum), the leading provider of business information technology solutions for the energy industry, announced today it has completed the acquisition of Fielding Systems, LLC (Fielding). Fielding provides cloud-based applications for the oil and gas sector, including field data capture, production reporting and remote Supervisory Control and Data Acquisition (SCADA) monitoring. The acquisition expands Quorum’s product suite and advances the company’s strategy to deliver industry-leading software and services which enable clients to better manage data across their organizations.
“Quorum is the only company offering integrated solutions which combine real-time production and field data with back office transactional and financial business processes spanning the energy value chain,” said Perry Turbes, CEO and President of Quorum. “This provides clients with unprecedented visibility into their business activities in order to optimize hydrocarbon production and financial performance.”
“Our integrated cloud-based platform acquires critical data, from man or machine, and allows clients to access it from anywhere in the world, at any time, on any device,” said Fielding President Shawn Cutter. “It eliminates the barriers and data silos between the field and back office, providing actionable information in a highly intuitive and efficient manner.”
In July 2014, Quorum was acquired by Silver Lake Partners, the global leader in technology investing, and Silver Lake Kraftwerk, the firm’s energy and resource innovation strategy.
“The acquisition of Fielding creates a combined platform that we believe will provide significant growth opportunities for Quorum,” said Bryce Lee, Managing Director at Silver Lake Kraftwerk. “Technology should play an increasingly critical role in the energy sector as producers and operators focus on improving efficiency. We believe Quorum’s expanded suite of technology solutions meets a vital need in the industry and positions the company for continued market expansion.”
Quorum and Fielding will combine organizations to facilitate the integration of expertise and capabilities. Fielding President Shawn Cutter and Fielding Chief Technology Officer Jeff Taynton will join the Quorum senior management team.
Quorum was advised by Hogan Lovells US LLP. Fielding was advised by the Denver office of Fairfield and Woods, PC.
For more information about Quorum, Fielding and their product offerings visit www.qbsol.com/quorum-acquisition/.
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 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.
About Fielding Systems, Inc.
Based in Tampa, Florida, Fielding Systems utilizes technology to automate and improve business processes. Fielding Systems provides innovative, cloud-based solutions for the oil and gas industry that help production operators streamline operating activities and increase production through proper management and optimization. Fielding Systems is trusted by leaders in the upstream oil and gas space. For more information, please visit www.fieldingsystems.com.
About Silver Lake Kraftwerk
Silver Lake Kraftwerk is part of Silver Lake, the global leader in technology investing with over $23 billion in combined assets under management and committed capital and a team of approximately 110 investment and value creation professionals located around the world. Silver Lake Kraftwerk focuses on providing growth capital to technology innovators with established business models in the energy and resource sectors. Silver Lake Kraftwerk targets companies globally that leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently produce, transport, and use natural resources, among other applications. For more information about Silver Lake Kraftwerk and its entire portfolio, please visitwww.silverlake.com.