Quorum Software, a Houston-based leader in digital transformation for the oil and gas industry, announced acquired Archeio Technologies, a Dallas-based provider of oil and gas document classification and smart search technology.
Te amount of the deal was not disclosed.
The acquisition expands and strengthens Quorum’s software and services with a cloud-based document management tool built to make oil and gas operations more secure, agile and compliant.
Founded in 2014 and led by Rex Womble, CEO, Archeio Technologies enhances Quorum’s solutions in the areas of oil and gas document management, data classification and enterprise search. Purpose-built for oil and gas, the platform helps operators streamline transactions and back-office business processes.
The company’s software is currently used to manage information for thousands of well and land assets across North America.
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.
Quorum Software is a Thoma Bravo portfolio company.
FinSMEs
19/06/2019