Quorum Software Continues Growth, Strengthens Presence in Denver

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Aug 28, 2018, 11:00 ET

Leading Houston-Based Software Provider for Oil and Gas Industry Opens Regional Office in Denver

HOUSTON, Aug. 28, 2018 /PRNewswire/ -- Quorum Software, the leader in digital transformation for the oil and gas industry, today announced it will open a new regional office in Denver, Colo. With more than 30 customers in the Denver area, Quorum's new office will bring local leadership to the region and further solidify the company's longtime presence in the Denver market.

The office will open next month at 1125 Seventeenth Street in Denver's Midtown West portion of the central business district. Quorum is occupying temporary space in the building until construction is complete on the company's new 5,000 square foot office space. Quorum has hired three senior team members to focus on growing sales, services and account management in the region.

"Quorum has had a presence in the Denver market for two decades, and it makes sense that we would fortify our efforts here by opening an office tailored specifically to serving Colorado-based oil and gas companies," said Perry Turbes, president and CEO of Quorum. "Quorum's longstanding history in Denver combined with the expertise of our new local leadership and new office location allows us to better serve our customers and provides Quorum with a platform for growth in the Denver market. Our customers are excited about our move to open the office, and we're looking forward to the new opportunities this expansion will bring."

"The investment that Quorum is making in Colorado speaks to the impact that our state continues to have on the industry," said Dan Haley, president and CEO of the Colorado Oil and Gas Association. "Colorado is one of the leading producers of oil and natural gas, and we are at the forefront of advancements that promote the safe and responsible development of fossil energy," continued Haley. "Having an innovative company like Quorum increase its involvement in Colorado's energy market means another positive, proactive voice for the industry and adds to the momentum."

Quorum's business in Denver dates back to the company's founding in 1998. Initial success in the Denver market originated from the midstream segment through the rapid early adoption of the company's flagship TIPS software for gathering and processing. Today, Quorum supports Denver-area customers with software and services that span the entire energy value chain – upstream, midstream and downstream.

Software that Spans the Energy Value Chain

Upstream: Quorum offers an integrated suite for upstream oil and gas companies that includes accounting and finance, reserves and economics, land management, drilling and completion, and production. More than 100 companies rely on Quorum for land management, including 18 of the top 20 North American E&P producers. myQuorum Land On Demand, the company's recent innovation for upstream, is a cloud-based version of its enterprise land management software packaged and priced for small energy businesses.
Midstream: Quorum midstream solutions manage the operations behind more than 800 midstream assets throughout North America and account for 80% of all natural gas processed in the United States. Over two decades serving the industry, Quorum has grown with its energy customers to power 50,000 miles of pipeline, and almost all LNG exports from the U.S. Quorum recently expanded its midstream portfolio to include logistics and scheduling for NGL, crude, and biofuels.
Downstream: Quorum delivers on downstream energy management with software that supports acquisition, supply, transportation, and distribution. The company's all-in-one software is used by more than 10,000 users, proven to support 8.5 million end-use customers and trusted across 17 distribution centers.

Quorum recently sponsored the Colorado Oil and Gas Association's 30^th Annual Energy Summit, which took place August 20-22, 2018 at the Colorado Convention Center in Denver. To learn more about Quorum's participation in the summit and other area events, visit the Quorum Denver Office site page at www.quorumsoftware.com.

About Quorum Software
Quorum Software 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.

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SOURCE Quorum