Quorum Software, a provider of digital transformation solutions for the oil and gas industry, completed the acquisition of Houston-based Coastal Flow Measurement, Inc., a family of energy measurement services and software companies.
Financial details of the acquisition were not disclosed.
The transaction includes Flow-Cal, Inc., a subsidiary of Coastal Flow that provides gas and liquid measurement software purpose-built for the hydrocarbon measurement industry.
Led by Gene Austin, chief executive officer, Quorum provides integrated solutions for its customers’ core processing demands across the upstream, midstream and downstream segments of the oil and gas value chain. The company’s portfolio of innovative software addresses a broad spectrum of energy companies’ needs, from operations to accounting, plant management, and financial forecasting.
The acquisition of Coastal Flow and Flow-Cal expands and strengthens Quorum’s software and services portfolio with the long-time leader in measurement data management for natural gas and petroleum liquids.