Quorum Business Solutions Inc., a provider of business information technology solutions for the energy industry, has completed the acquisition of Fielding Systems LLC. Fielding provides cloud-based applications for the oil and gas sector, including field data capture, production reporting and remote Supervisory Control and Data Acquisition (SCADA) monitoring.
In July 2014, Quorum was acquired by Silver Lake Partners, a private equity firm focused on technology, and Silver Lake Kraftwerk, the firm’s energy and resource innovation strategy.
“The acquisition of Fielding creates a combined platform that we believe will provide significant growth opportunities for Quorum,” said Bryce Lee, managing director at Silver Lake Kraftwerk. “Technology should play an increasingly critical role in the energy sector as producers and operators focus on improving efficiency. We believe Quorum’s expanded suite of technology solutions meets a vital need in the industry and positions the company for continued market expansion.”
Fielding President Shawn Cutter and Fielding Chief Technology Officer Jeff Taynton will join the Quorum senior management team.
Quorum was advised by Hogan Lovells US LLP. Fielding was advised by the Denver office of Fairfield and Woods PC.