Quorum Announces Formation of SAP Production Revenue Accounting Practice

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Schaeffer and Fitz Brought on to Lead Practice

Quorum Business Solutions, Inc. ("Quorum"), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces the formation of a new practice area focused on providing expert services related to the SAP Production Revenue Accounting (PRA) module. In conjunction with this Quorum has hired four industry experts, including Rich Schaeffer and Andy Fitz who have been appointed as directors of the newly developed practice. These hires bring a wealth of experience with PRA from both a business and technical standpoint.

"Quorum is excited to have Rich and Andy heading up the Production Revenue Accounting practice," says Paul Weidman, CEO of Quorum. "The addition of this knowledge and expertise will assist Quorum in meeting the market demand for such services and growing our relationship with SAP."

The formation of the Production Revenue Accounting practice is in direct response to the increased need of both existing clients and the market as a whole, and fits well into Quorum's overall strategy of providing industry standard solutions and services to the energy market. Quorum is committed to growing its SAP capabilities and service offerings through continued hiring of industry experts and through internal development of staff who are experienced in the oil and gas business and other related technologies.

Rich Schaeffer is a 32 year industry veteran who began his career at Exxon. Rich has worked both in the industry at Exxon and Oryx Energy and as an energy consultant for Price Waterhouse, PricewaterhouseCoopers and IBM. Rich left IBM in 2003 as an associate partner in the energy group. Since that time, he has served as an independent consultant with various PRA users. While at Price Waterhouse, Rich was the lead architect for PREMAS, which evolved into SAP PRA. Rich has helped to establish and grow PRA in the industry and has assisted a number of industry leading companies, such as ExxonMobil, Chevron and BP.    

Andy Fitz, a 27 year industry veteran, began his career with Tomlinson Interests in 1981. After leaving Tomlinson, Andy continued his career at PricewaterhouseCoopers, where he served in various management positions until his departure as Director in January 2001. Since that time, Andy has worked as an independent consultant for various clients and SAP. Andy has been heavily involved with SAP's PRA module for over a decade and was the lead application architect for the SAP PRA development project. Andy has worked with a host of industry leading companies, such as BP, Chevron, ExxonMobil, Hess, and Marathon.

In addition, Quorum has recently hired two additional SAP PRA veterans, Debby Aaron and Alan Bounds, who will work with Rich and Andy to grow Quorum's PRA practice.

About Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. is a software and consulting solutions company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span. Founded in 1998, Quorum employs over 300 staff operating out of offices in Houston, Dallas, and Calgary. Quorum has ongoing relationships with over 90 clients, among which 25 Fortune 500 Companies are represented. Throughout its ten year history, Quorum has successfully completed over 400 business and information technology projects.

The Quorum Energy Software Suite is a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.

For more information, visit Quorum's web site at http://www.qbsol.com or call us at 713-430-8601.


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Jessica Sumners
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