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Quorum Software Completes Acquisition of Coastal Flow Measurement, Inc. and Flow-Cal, Inc.

Source: www.gulfoilandgas.com 3/19/2019, Location: North America

Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, has completed the acquisition of Houston-based Coastal Flow Measurement, Inc. (Coastal Flow), a family of energy measurement services and software companies. This transaction includes Flow-Cal, Inc. (Flow-Cal), a subsidiary of Coastal Flow that provides gas and liquid measurement software purpose-built for the hydrocarbon measurement industry.

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. The acquisition of Coastal Flow and Flow-Cal expands and strengthens Quorum’s software and services portfolio with the long-time leader in measurement data management for natural gas and petroleum liquids.

“By integrating measurement data management with digitally enabled solutions that span the entire energy value chain, our combined company is uniquely positioned to help oil and gas companies adapt to changing operational and cost structures that are the new normal for the industry,” said Gene Austin, chief executive officer of Quorum.

“Our joint customers and partners report seeing clear value in the acquisition. They believe our combined entities will drive industry innovation.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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