Quorum Software Embraces New Partnership with Francisco Partners
Deal News | Mar 04, 2025 | Thoma Bravo
Francisco Partners, a global investment firm known for its focus on technology and technology-enabled businesses, has announced its agreement to acquire Quorum Software from Thoma Bravo. Quorum Software has established itself over the past two decades as a preeminent provider of energy software facilitating digital transformations across the global energy sector. With its extensive portfolio of solutions ranging from upstream to downstream operations, Quorum supports over 1,500 customers in 50 energy-producing nations. This acquisition comes at a time when the energy sector is experiencing increased demand for transformative software solutions, partly due to the industry's ongoing transitions. Francisco Partners aims to leverage its technology expertise to further bolster Quorum's standing, intending to augment its services through organic expansion and strategic acquisitions. Under Thoma Bravo's guidance, Quorum achieved significant growth, including a major merger with Aucerna and the strategic carve-out of Energy Components, asserting its dominance in the energy software marketplace. Key financial advisors in this transaction include Lincoln International and Jefferies LLC for Francisco Partners, and Citi for Quorum and Thoma Bravo.
Sectors
- Software
- Private Equity
- Energy
Geography
- United States – All involved companies, Francisco Partners, Thoma Bravo, and Quorum Software, operate from the United States, with activities across multiple states including California, New York, and Texas.
- Global – Quorum Software serves over 1,500 customers in 50 countries worldwide, reflecting the global nature of its business operations and clientele.
Industry
- Software – The article focuses on Quorum Software, a company providing specialized software solutions for the energy sector.
- Private Equity – Francisco Partners and Thoma Bravo are both private equity firms involved in the acquisition and sale of Quorum Software.
- Energy – Quorum Software's primary market is the energy sector, serving various segments within the industry.
Financials
- US$166 billion – Assets under management by Thoma Bravo as of September 30, 2024
- US$265 billion – Enterprise value of companies acquired or invested in by Thoma Bravo over their history.
- Over $50 billion – Capital raised by Francisco Partners over its history.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quorum Software | Target Company | Company | A leading global provider of energy software solutions operating across the entire energy value chain. |
| Francisco Partners | Bidding Company | Company | A global investment firm specializing in technology and technology-enabled business investments. |
| Thoma Bravo | Selling Company | Company | A major private equity firm focused on software and technology investments, selling Quorum Software to Francisco Partners. |
| Lincoln International | Financial Advisor | Company | Serving as financial advisor to Francisco Partners. |
| Jefferies LLC | Financial Advisor | Company | Serving as financial advisor to Francisco Partners. |
| Citi | Financial Advisor | Company | Serving as exclusive financial advisor to Quorum and Thoma Bravo. |