Houston, TX (PRWEB) February 11, 2009
Quorum Business Solutions, Inc. (Quorum), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, posted another successful year in 2008 by achieving record sales and revenue, celebrating ten years in business, and completing a record recruiting season.
"We are pleased that despite the slowing economy, our long-term growth strategies have proven effective," said R. Scott Leeds, President of Quorum. "We will continue to devote ourselves to the success of our clients and growing our employees, while remaining the best place for first class people to work."
In the upstream sector of the industry, Quorum continues to demonstrate that it is the new standard in Land Management, GIS and Upstream accounting solutions. Most notably two new super major clients selected Quorum Land and Quorum GIS to manage their land and lease operations. Additionally, the implementation of the Quorum Upstream Suite at a business processing center for hosted solutions has enabled Quorum to serve a segment of the market not previously within reach.
Quorum remains the dominant player in the midstream sector with its de facto standard solution for gas plant accounting and related suite of offerings. In 2008, Quorum TIPS was licensed to another large integrated client, bringing the market share served to well over 80%. TIPS further expanded into the Canadian market with the addition of more than 75 gas plants. Quorum PGAS, gas and liquids measurement software, also had its first implementation in Canada.
In the pipeline sector, Quorum Pipeline Transaction Management was implemented at two new clients to manage another nine assets. Additionally, Quorum's first LNG Transaction Management client went live in March and is managing ongoing operations with the newly developed solution. Quorum's continued growth in the pipeline segment demonstrates how the Quorum Pipeline Suite is quickly becoming the preferred solution for transportation and distribution management.
Furthermore, Quorum executed two successful recruiting campaigns and hired more than 65 college graduates from highly respectable universities throughout the 2008 fiscal year. In addition, over 30 experienced hires joined the Quorum team in 2008.
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 350 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.