Quorum Software, a Thoma Bravo portfolio company and the leader in digital transformation for the oil and gas industry, said Oct. 5 it has acquired Landdox, the leading innovator in cloud-first land technology. The acquisition brings together deep industry DNA and leading-edge architecture to empower energy companies to reimagine land management for the future.
“Over the last two decades, Quorum has become the de facto standard in enterprise land management,” Gene Austin, CEO at Quorum, said. “Where we excel in the breadth and depth of functionality for land management, Landdox shines at delivering accelerated innovation through cloud-native technologies and processes. Landdox aligns perfectly with, and in some areas already integrates with, our cloud-based SaaS applications for upstream, which means that we can deliver on the speed, power, and cost-savings potential of modern SaaS technologies quickly and comprehensively.”
A growing SaaS company, Landdox enhances Quorum’s capabilities through speed of innovation, adaptable business processes, and open software integration. Landdox’s cloud-native architecture enables customers to innovate faster in today’s rapidly changing world. Landdox includes self-service tools—customizable templates, user-defined provision and obligation tracking, and the ability to model any agreement or asset at scale— that make it easy to configure processes to adapt to the changing needs of the business. And finally, Landdox supports integration with a secure API that can be activated in minutes, without IT overhead or ongoing support.
Landdox will become a key component of Quorum Upstream On Demand, a true multitenant SaaS suite designed for upstream companies that need cost-effective solutions that are simple to deploy, easy to use, and do not require extensive IT resources to support.
Upstream On Demand solutions includes land management—buy, sell, and manage leases and agreements with integrated land management and GIS delivered in the cloud; accounting—accelerate answers for critical business decisions with purpose-built, cloud-based accounting for oil and gas; well lifecycle reporting—report drilling and completion operations, track field costs, and analyze performance with cloud-based well lifecycle reporting; production operations—increase field productivity and decrease LOE with a single cloud-based solution for SCADA, field data, and production allocations; SCADA—predict, prevent, and resolve issues faster with cloud-based software for real-time SCADA data, alarms, and well performance; and document management—accelerate productivity with cloud-based document management to store, organize, and access all oil and gas documents online.
Landdox will serve as the land management foundation for the next phase of Quorum Upstream On Demand, which more than 600 companies rely on to power their oil and gas business operations.
“Quorum’s Upstream On Demand multitenant SaaS journey started five years ago with the introduction of our Microsoft Azure-based production application,” Tyson Greer, chief product officer at Quorum, said. “Over the last five years, we delivered other key upstream SaaS applications. And now finally, with the Landdox acquisition, we have the industry’s most complete suite of SaaS products that allows us to not only innovate and reimagine land management but upstream operations as a whole.”
Kirkland & Ellis LLP was legal advisor to Thoma Bravo. Reiter, Brunel & Dunn PLLC was legal advisor to Landdox. Financial details of the acquisition were not disclosed.
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