Quorum Software Acquires Coastal Flow Measurement and Flow-Cal
Published: March 15, 2019 |
Quorum Software, a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, has entered into a definitive agreement to acquire Houston-based Coastal Flow Measurement, a family of energy measurement services and software companies, including its information services and technologies subsidiary, Flow-Cal. The acquisition expands and strengthens Quorum’s industry-leading oil and gas software and services portfolio with the long-time leader in measurement data management for natural gas and petroleum liquids.
“Flow-Cal technology is the industry standard and their employees, as well as the talented employees of Coastal Flow, are valued additions to our team,” said Quorum Chief Executive Officer, Gene Austin.
“In addition to deep industry knowledge, our organizations share longstanding relationships with customers and partners, and we are eager to explore all of the ways that we can together provide best-in-class products and services to energy industry participants,” added Austin.
Coastal Flow’s family of companies provides gas and liquids measurement, analytical services, and software resources to the energy industry on a global scale. Collectively, Coastal Flow serves oil and gas companies in all segments of the industry including producers, midstream operators, pipeline companies, petrochemical plants, gatherers, refineries, processing plants, and utilities.
“With more than five decades of service to the oil and gas industry, our relationships with both small independent producers and fully integrated majors within the energy industry are well established,” said Chairman of the Board for Coastal Flow, Steve Whitman.
“As the energy industry continues to develop the digital oilfield, our employees and customers will recognize the benefits of a Quorum and Coastal Flow combination to effectively deliver an integrated and comprehensive business process automation solution,” said Coastal Flow President and Board Member, Mark Fillman.
A subsidiary of Coastal Flow, Flow-Cal is a gas and liquid measurement software company with products purpose-built for the hydrocarbon measurement industry. Flow-Cal software provides operational efficiencies by gathering, validating, storing and distributing a company’s volume and energy data.
“For more than 20 years, Flow-Cal has built a global brand synonymous with hydrocarbon measurement. By combining our industry-leading measurement products with Quorum’s robust suite of business applications we can offer our customers an integrated solution that enhances operational efficiencies and improves transparency across the industry,” said Flow-Cal President, Mike Squyres.
Quorum provides integrated solutions for its customers’ core processing demands across the upstream, midstream and downstream segments of the oil and gas value chain. The company’s portfolio of innovative software addresses a broad spectrum of energy companies’ needs, from operations to accounting, plant management, and financial forecasting. Quorum is the preferred software provider to over 75 percent of the largest oil and gas producers in the United States, and its technology powers 80,000 miles of pipeline and accounts for 80 percent of all natural gas processed in the U.S.
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 its DNA and 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. Quorum helps visionary leaders transform their business, and the energy industry, for a digital world.
To stop by Quorum Software’s website, CLICK HERE
About Coastal Flow
The Houston, Texas-based Coastal Flow Measurement family of companies continues to grow dramatically and now ranks among the largest energy measurement services and software providers in the world. Its operating companies include: Coastal Flow Liquid Measurement, the industry leader in custody transfer meter proving and small volume prover services; Flow-Cal®, the international leader in advanced software and services for hydrocarbon flow measurement; Coastal Flow Gas Measurement, including its Energy Labs, Field Services, and Production iMeasurement® (PiMTM) Services, the recognized experts in seamlessly providing value-added hydrocarbon measurement services from field operations to final accounting; and BirdDog Information Systems, offering advanced remote data collection, processing, and web-based delivery.
To stop by Coastal Flow’s website, CLICK HERE
Flow-Cal, Inc., a Houston-based software developer, is the industry leader in measurement data management for natural gas and petroleum liquids. Flow-Cal’s software is used throughout the industry to validate, recalculate, store and report measurement data from field devices, and link that information to users and stakeholders throughout an organization. Flow-Cal’s full line of measurement software applications ranges from simple, inexpensive data management, and reporting programs (designed for smaller companies) to enterprise-wide applications that are utilized by Fortune 500 companies.
To stop by Flow-Cal’s website, CLICK HERE
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