Quorum, a provider of software for hydrocarbon and energy business management, has acquired ePrime from Retama Resources LLC. A Texas-based business process outsourcing (BPO) services provider, ePrime offers upstream oil and gas accounting and administrative services powered by Quorum software. The acquisition of ePrime augments Quorum's current BPO services for the midstream oil and gas industry to include BPO services for upstream.
Quorum's acquisition of ePrime furthers its commitment to helping energy companies increase operational efficiency, improve business agility, and meet the demands of a changing workforce. ePrime has 20 years of experience providing services supported by Quorum software, and the combination of ePrime and Quorum is designed to make it possible for upstream oil and gas companies to realize efficiencies by outsourcing accounting and administrative processes to Quorum.
ePrime offers complete upstream oil and gas accounting and administrative services, powered by software from Quorum and delivered by a team of accounting professionals. The acquisition of ePrime will expand Quorum's BPO services for upstream in the following areas: production, revenue distribution, accounts payable, JIB, financial reporting, treasury, regulatory, and land/division order.
ePrime and Quorum will combine organizations. Quorum did not disclose deal terms or any financial details.