Quorum Software to acquire Archeio Technologies.

Quorum Software the leader in digital transformation for the oil and gas industry, has acquired Archeio Technologies, the leading provider of oil and gas document classification and smart search technology. Financial terms were not disclosed. The acquisition expands and strengthens Quorum’s industry-leading software and services with a cloud-based document management tool built to make oil and gas operations more secure, agile and compliant. “This is a natural fit into our portfolio and gives us a variety of opportunities to expand how we help our customers. The combination of Archeio and Quorum will increase the efficiency of workflows across our Upstream solutions. We want to make it easier to find the information locked in land, accounting or well files, whether that person is searching from the field or the office, is a partner or interest owner, or is performing diligence.” Gene Austin, Quorum chief executive officer.