Quorum Software Acquires Coastal Flow Measurement, Inc. and Flow-Cal, Inc.

Leader in Digital Transformation for Oil and Gas Enhances Software
and Services Portfolio with Acquisition of the Industry Standard in
Hydrocarbon Measurement Data Management

HOUSTON–(BUSINESS WIRE)–Quorum Software (Quorum), a Thoma Bravo portfolio company and the leader
in digital transformation for the oil and gas industry, today announced
that it has entered into a definitive agreement to acquire Houston-based
Coastal Flow Measurement, Inc. (Coastal Flow), a family of energy
measurement services and software companies, including its information
services and technologies subsidiary, Flow-Cal, Inc. (Flow-Cal). The
acquisition expands and strengthens Quorum’s industry-leading oil and
gas software and services portfolio with the long-time leader in
measurement data management for natural gas and petroleum liquids.

“Flow-Cal technology is the industry standard and their employees, as
well as the talented employees of Coastal Flow, are valued additions to
our team,” said Gene Austin, chief executive officer of Quorum. “In
addition to deep industry knowledge, our organizations share
longstanding relationships with customers and partners, and we are eager
to explore all of the ways that we can together provide best-in-class
products and services to energy industry participants.”

Coastal Flow’s family of companies provides gas and liquids measurement,
analytical services and software resources to the energy industry on a
global scale. Collectively, Coastal Flow serves oil and gas companies in
all segments of the industry including producers, midstream operators,
pipeline companies, petrochemical plants, gatherers, refineries,
processing plants and utilities.

“With over five decades of service to the oil and gas industry, our
relationships with both small independent producers and fully integrated
majors within the energy industry are well established,” said the
chairman of the board for Coastal Flow, Steve Whitman. Coastal Flow
president and board member, Mark Fillman, adds: “As the energy industry
continues to develop the digital oilfield, our employees and customers
will recognize the benefits of a Quorum and Coastal Flow combination to
effectively deliver an integrated and comprehensive business process
automation solution.”

A subsidiary of Coastal Flow, Flow-Cal is a gas and liquid measurement
software company with products purpose-built for the hydrocarbon
measurement industry. Flow-Cal software provides operational
efficiencies by gathering, validating, storing and distributing a
company’s volume and energy data.

“For over 20 years, Flow-Cal has built a global brand synonymous with
hydrocarbon measurement,” said Mike Squyres, president of Flow-Cal. “By
combining our industry-leading measurement products with Quorum’s robust
suite of business applications we can offer our customers an integrated
solution that enhances operational efficiencies and improves
transparency across the industry.”

Quorum provides integrated solutions for its customers’ core processing
demands across the upstream, midstream and downstream segments of the
oil and gas value chain. The company’s portfolio of innovative software
addresses a broad spectrum of energy companies’ needs, from operations
to accounting, plant management, and financial forecasting. Quorum is
the preferred software provider to over 75 percent of the largest oil
and gas producers in the United States, and its technology powers 80,000
miles of pipeline and accounts for 80% of all natural gas processed in
the U.S.

Credit Suisse Securities (USA) LLC and Macquarie Capital are serving as
financial advisors to Quorum, and Kirkland & Ellis LLP is serving as its
legal advisor. PPHB Securities, LP is serving as financial advisor to
Coastal Flow, and Locke Lord LLP is serving as its legal advisor.
Financing for the transaction is being provided by Credit Suisse,
Macquarie Capital, PSP Investments Credit USA LLC and Angel Island
Capital. Financial details of the acquisition were not disclosed.

About Quorum Software

Quorum offers an industry-leading portfolio of finance, operations and
accounting software that empowers energy companies of all sizes to
conquer their most complex business challenges. From the field to the
back office, defying complexity is coded in our DNA and our software.
This unmatched experience is why Quorum is the choice of eight of the
largest public energy companies worldwide, 75 percent of LNG exporters
throughout North America and 80 percent of all natural gas processed in
the United States. Designed for digital transformation, the myQuorum
software platform delivers open standards, mobile-first design and cloud
technologies to empower innovation at the speed of thought. At Quorum,
we’re helping visionary leaders transform their business, and the energy
industry, for a digital world. For more information, visit
quorumsoftware.com.

About Coastal Flow

The Houston, Texas-based Coastal Flow Measurement family of companies
continues to grow dramatically and now ranks among the largest energy
measurement services and software providers in the world. Its operating
companies include: Coastal Flow Liquid Measurement, the industry leader
in custody transfer meter proving and small volume prover services;
Flow-Cal®, the international leader in advanced software and services
for hydrocarbon flow measurement; Coastal Flow Gas Measurement,
including its Energy Labs, Field Services, and Production iMeasurement®
(PiMTM) Services, the recognized experts in seamlessly providing
value-added hydrocarbon measurement services from field operations to
final accounting; and BirdDogTM Information Systems, offering advanced
remote data collection, processing, and web-based delivery. Learn more
at coastalflow.com.

About Flow-Cal

Flow-Cal, Inc., a Houston-based software developer, is the industry
leader in measurement data management for natural gas and petroleum
liquids. Flow-Cal’s software is used throughout the industry to
validate, recalculate, store and report measurement data from field
devices, and link that information to users and stakeholders throughout
an organization. Flow-Cal’s full line of measurement software
applications ranges from simple, inexpensive data management and
reporting programs (designed for smaller companies) to enterprise-wide
applications that are utilized by Fortune 500 companies. Learn more at
flowcal.com.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity firm focused on the software and
technology-enabled services sectors. With a series of funds representing
more than $30 billion in capital commitments, Thoma Bravo partners with
a company’s management team to implement operating best practices,
invest in growth initiatives and make accretive acquisitions intended to
accelerate revenue and earnings, with the goal of increasing the value
of the business. Representative past and present portfolio companies
include industry leaders such as ABC Financial, Blue Coat Systems,
Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software,
Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds,
SonicWall, Sparta Systems and TravelClick. The firm has offices in San
Francisco and Chicago. For more information, visit thomabravo.com.

Contacts

Lauren Kaufman
lkaufman@pancomm.com
212-385-9776

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