Quorum Software, a provider of energy software solutions, has acquired zdSCADA, a cloud-based supervisory control and data acquisition (SCADA) technology.
This strategic move aims to bolster Quorum’s Upstream On Demand suite by integrating advanced SCADA capabilities to provide real-time well data for production management.
Go deeper with GlobalData
The acquisition of zdSCADA also complements Quorum’s FLOWCAL measurement software and Coastal Flow measurement services.
It is poised to enhance the company’s end-to-end digital oilfield capabilities, offering operators a more comprehensive solution for optimising production and measurement operations.
Quorum Software CEO Paul Langenbahn said: “The future of energy operations is here, bringing connected workflows, intelligent automations and real-time data-driven insights.
“With Quorum and zdSCADA together, we are delivering a seamlessly connected workflow that enhances visibility, efficiency and value from field to back office to boardroom. This acquisition strengthens our capabilities and accelerates innovation across the industry.”
By integrating zdSCADA’s technology, Quorum Software is set to improve efficiency and digital connectivity between the field and the office.
Operators will now have access to a unified, cloud-based platform that facilitates real-time decision-making and greater operational agility across the energy value chain.
PPHB served as the sole financial advisor for the acquisition, while Troutman Pepper Locke provided legal counsel to zdSCADA.
zdSCADA co-founder Matthew Smiley added: “We are excited to join the Quorum team and continue driving innovation in the industry.”
