Aucerna Merges with Quorum Software and Acquires TietoEVRY's Oil and Gas Software Business

Next Evolution of Global Energy Software

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Announcing the Next Evolution

Aucerna is excited to announce our merger with Quorum Software 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.

Quorum and Aucerna Merger

Aucerna and Quorum Software have agreed to merge, forming the energy industry’s pinnacle innovator and provider of software applications and solutions. Operating under the name Quorum Software, the combined company will enable energy companies around the globe to improve business outcomes by connecting decision-ready data from operations to the boardroom.

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Acquiring the TietoEVRY Oil and Gas Software Portfolio

We are also excited to announce our pending acquisition of TietoEVRY’s entire oil and gas software business, which includes the leading Energy Components hydrocarbon accounting and management solutions and DaWinci solution for personnel and materials logistics. We expect this exciting transaction to close before July of this year.

The Next Evolution

Quorum Software is the new global leader for energy software across the upstream, midstream, and downstream sectors of the energy value chain. With over 1,400 employees, and more than 1,800 customers across the globe, our combined company will deliver tremendous advantages for energy companies:

Breadth of Industry Solutions

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.

Breadth of Industry Solutions

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

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

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.

Frequently Asked Questions

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 quorumsoftware.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?

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 Your 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 Operations?

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?

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.