Quorum to acquire Canadian software company Entero.

Quorum, the leader in digital transformation for the oil and gas industry, acquires Calgary-based Entero, a trusted leader in energy software solutions for the upstream and midstream sectors. Financial terms were not disclosed. With over 125 customers throughout North America, Entero furthers Quorum’s mission to invest in customer-oriented innovation and expand its comprehensive product portfolio to cover the energy value chain, from engineering to accounting and finance in upstream and across the full range of midstream processes through to distribution. This acquisition expands Quorum’s 15-plus year presence and leadership in the Canadian Midstream segment by adding geo-specific and Upstream expertise and products. “Quorum’s modern energy software suite, combined with the functionality of MOSAIC and Entero ONE, now form the industry’s most comprehensive upstream and midstream management software portfolio. Through innovation, integration, and breadth of coverage, we constantly strive to eliminate the barriers that prevent customer growth and profitability. Today, no other software vendor delivers our scope of capabilities across both upstream and midstream planning, accounting, finance, operations, transportation, and logistics. These solutions are delivering the modern energy workplace through timely insight, accuracy, and efficiency.” Perry Turbes, President, and CEO of Quorum