Add-on Acquisition • Software

Quorum Software Acquires Entero

On April 5, 2018, Quorum Software acquired software company Entero

Acquisition Context
  • This is Quorum Software’s 1st transaction in the Software sector.
  • This is Quorum Software’s 1st transaction in Canada.
  • This is Quorum Software’s 1st transaction in Alberta.

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M&A Deal Summary

Date April 5, 2018
Target Entero
Sector Software
Buyer(s) Quorum Software
Deal Type Add-on Acquisition

Target Company

Entero

Calgary, Alberta, Canada
Entero Corp. is a provider of an energy software solutions for the upstream and midstream sectors. Entero is based in Calgary, Alberta.
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Buyer Overview 1

Buyer

Quorum Software

Houston, Texas, United States

Category Company
Founded 1998
Sector Software
DESCRIPTION

Quorum Software is a portfolio of finance, operations, and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. Quorum Software was founded in 1998 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 4 of 13
Sector: Software 1 of 6
Type: Add-on Acquisition 3 of 11
State: Alberta 1 of 2
Country: Canada 1 of 2
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 WellEz Information Management

Houston, Texas, United States

WellEz Information Management LLC is a provider of cloud-based well lifecycle analytics for the upstream oil and gas industry. From land management to accounting, field operations, energy marketing, and now the addition of well lifecycle analytics. WellEz Information Management was founded in 2000 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 WellEz On Demand

United States

WellEz On Demand is a developer of a finance, operations and accounting software.

Buy -