About Quorum Software
Quorum Software is a company based in Houston (United States) founded in 1998 was acquired by Thoma Bravo in August 2018. It operates as a SaaS (Software-as-a-Service), and Managed Services. Quorum Software has raised $1.67 million across 5 funding rounds from investors including SVB, Capital One and The Carlyle Group. The company has 305 employees as of April 07, 2024. Quorum Software has completed 10 acquisitions, including Archeio Technologies, Coastalflow and Energy IQ. Quorum Software offers products and services including Quorum Energy Suite, Planning Space, FLOWCAL, Energy Components, and Upstream On Demand. Quorum Software operates in a competitive market with competitors including Workday, Visma, Deltek, Infor and SAP, among others.
- Headquarter Houston, United States
- Employees 305 as on 07 Apr, 2024
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Quorum Business Solutions, Inc.
- Date of Incorporation 05 Mar, 2021
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.67 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
SVB
& 5 more
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Employee Count
305
as on Apr 07, 2024
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Investments & Acquisitions
Archeio Technologies
& 9 more
- Acquired by
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Products & Services of Quorum Software
Quorum Software offers a comprehensive portfolio of products and services, including Quorum Energy Suite, Planning Space, FLOWCAL, Energy Components, and Upstream On Demand. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software suite for upstream and midstream energy workflows.
Platform for upstream planning and petroleum economics integration.
Solution for hydrocarbon measurement management and data integrity.
Management solution for hydrocarbon operations and compliance needs.
Cloud-based solution for integrated upstream operations workflows.
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Software Development Team
187 people
Senior Team
43 people
Leadership Team
28 people
Sales and Marketing
19 people
Finance and Accounting
19 people
Product Management Team
16 people
Lead Team
14 people
Operations Team
14 people
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Funding Insights of Quorum Software
Quorum Software has successfully raised a total of $1.67M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Oct 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2019 | Amount | Debt – Conventional - Quorum Software | Valuation |
investors |
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| Aug, 2012 | Amount | Debt – Conventional - Quorum Software | Valuation |
investors |
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| Jul, 2010 | Amount | Series A - Quorum Software | Valuation | The Carlyle Group , Riverstone Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quorum Software
Quorum Software has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Capital One and The Carlyle Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Technology investing and private equity firm focused on partnerships.
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Founded Year | Domain | Location | |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Quorum Software
Quorum Software has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Archeio Technologies, Coastalflow and Energy IQ. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based document management is provided for E&P companies.
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2015 | ||||
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SaaS solution for upstream oil & gas industry
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2014 | ||||
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Field operations management solutions for oil and gas
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Quorum Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quorum Software Comparisons
Competitors of Quorum Software
Quorum Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Visma, Deltek, Infor and SAP, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for project-driven organizations.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for multiple industries.
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| domain | founded_year | HQ Location |
Cloud and AI-based ERP software is offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is delivered for multiple industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Quorum Software
Frequently Asked Questions about Quorum Software
When was Quorum Software founded?
Quorum Software was founded in 1998 and raised its 1st funding round 10 years after it was founded.
Where is Quorum Software located?
Quorum Software is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Quorum Software?
Gene Austin is the current CEO of Quorum Software.
Is Quorum Software a funded company?
Quorum Software is a funded company, having raised a total of $1.67M across 5 funding rounds to date.
How many employees does Quorum Software have?
As of Apr 07, 2024, the latest employee count at Quorum Software is 305.
What does Quorum Software do?
Quorum Software is established as a prominent provider of specialized software solutions for the energy sector, focusing on upstream and midstream operations. The companys Quorum Energy Suite is designed to streamline critical workflows, enhance performance, and deliver decision-ready data across the energy value chain. Solutions such as Planning Space, FLOWCAL, and Energy Components are tailored to address planning, measurement, and operational compliance needs for oil and gas companies. With a global presence, Quorum Software supports energy firms in maximizing gains and mitigating risks through integrated platforms and automation. Services and technical support are also provided to ensure optimal software investment outcomes for clients in diverse energy markets.
Who are the top competitors of Quorum Software?
What products or services does Quorum Software offer?
Quorum Software offers Quorum Energy Suite, Planning Space, FLOWCAL, Energy Components, and Upstream On Demand.
How many acquisitions has Quorum Software made?
Quorum Software has made 10 acquisitions, including Archeio Technologies, Coastalflow, and Energy IQ.
Who are Quorum Software's investors?
Quorum Software has 6 investors. Key investors include SVB, Capital One, The Carlyle Group, Thoma Bravo, and Riverstone Holdings.