M&A Deal Summary

Quorum Software Acquires WellEz Information Management

On September 28, 2017, Quorum Software acquired internet software and services company WellEz Information Management

Acquisition Highlights
  • This is Quorum Software’s 2nd transaction in the Internet Software and Services sector.
  • This is Quorum Software’s 3rd transaction in the United States.
  • This is Quorum Software’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-09-28
Target WellEz Information Management
Sector Internet Software and Services
Buyer(s) Quorum Software
Deal Type Add-on Acquisition

Target

WellEz Information Management

Houston, Texas, United States
website
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.

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Buyer(S) 1

Buyer

Quorum Software

Houston, Texas, United States

website

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 STATS #
Overall 3 of 12
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 2 of 10
State (Texas) 1 of 6
Country (United States) 3 of 10
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 ePrime

United States

ePrime is a provider of complete upstream oil and gas accounting and administrative services powered by Quorum software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 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.

Buy -
Mergr

Product

Company

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