Quorum Business Solutions Inc. acquired Oil & Gas Systems Inc., or OGsys, a provider of cloud-based oil and gas accounting software for small and medium-sized businesses.
Financial terms of the deal were not disclosed.
The combination of the two companies is expected to provide their clients with a full suite of solutions including accounting, production, well lifecycle and land management, OGsys co-founder and President Chuck Blanton said in a release.
Quorum, a portfolio company of private equity firm Thoma Bravo LLC, provides finance, operations and accounting solutions across the upstream, midstream and downstream segments of the oil and gas value chain.
Kirkland & Ellis LLP served as Quorum's legal adviser, while Holland Johns & Penny LLP served in the same capacity for OGsys.
