Quorum Appoints Charles Goodman As Executive Chairman Of The Board

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Nov 02, 2018, 10:00 ET

Perry Turbes retires from Quorum Software

HOUSTON, Nov. 2, 2018 /PRNewswire/ -- Quorum Software, the leader in digital transformation for the oil and gas industry, today announced executive leadership changes with the retirement of Perry Turbes, CEO and appointment of J. Charles Goodman as Executive Chairman of the Board of Directors.

Goodman will support the executive team during the transition as well as lead the search for Turbes' replacement. Goodman is a 30-year veteran of the energy and utility industries. A graduate of Texas Tech University with a degree in Petroleum Engineering , he was most recently the CEO of PowerPlan Inc., a former Thoma Bravo portfolio company. Prior to that, Goodman was the CEO of P2 Energy Solutions.

"We are excited to have Charles join the Quorum Board of Directors as Executive Chairman," said Scott Crabill, a Managing Partner at Thoma Bravo. "He brings a wealth of executive leadership experience from his decades in the energy sector and has an accomplished and long-standing relationship with Thoma Bravo. We look forward to working with Charles and the Quorum management team on Quorum's next stage of growth."

Perry Turbes will stay on as a member of the Board of Directors. A member of the Quorum team for nineteen years, Turbes led the transition of Quorum into Quorum Software, the preferred software provider to the energy industry.

"After nearly two decades at Quorum, I felt it was time to retire," said outgoing CEO Perry Turbes. "I am very thankful to all the colleagues, employees, customers, partners and friends along the way that were part of building Quorum's success. I'm extremely proud of Quorum and its leadership, and excited about its future success."

"The Board of Directors and Quorum's executive team wish Perry the best in his retirement and are grateful for his years of service, tutelage and leadership," said Charles Goodman, Executive Chairman. "He retires knowing that Quorum Software today is an exceptional company, led by a world-class executive team with decades of Quorum experience, and it is well positioned to continue developing innovative, best in class products and services for our customers."

About Quorum Software

Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all natural gas processed in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we're helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit www.quorumsoftware.com.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit thomabravo.com.

Media Contacts

Quorum Software:

Genevieve Carter Shoemaker
Edelman
713.377.6438
[email protected]

Thoma Bravo:

Matt Gorton
Hiltzik Strategies
212.776.1161
[email protected]

SOURCE Quorum