November 11, 2008
Quorum Signs Two Additional Clients on Pipeline Transaction Management Software
Quorum Business Solutions, Inc. ("Quorum"), a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, announces that two natural gas pipeline operators have entered into agreements to implement Quorum Pipeline Transaction Management (QPTM) to manage their pipeline operations. With this, QPTM now manages the operations for dozens of assets.
"QPTM increases efficiencies by automating the creation and balancing of complex nominations, eliminating redundant entry of data, and enabling informed decision-making through a consolidated view of the company's position," says Scott Leeds, President and COO of Quorum. "Additionally, our solution supports compliance with the rigorous standards set forth by NAESB, which is something that many pipeline companies need."
Since its release in 2004, QPTM has been licensed at 11 major companies which include interstate pipelines, intrastate pipelines, storage facilities, and local distribution companies.
QPTM is a comprehensive software solution that allows interstate pipeline facility operators to efficiently manage transactions with shippers on their system, including contracts, scheduling, and accounting. The system automates the process of transporting natural gas by incorporating a web-based set of tools to conduct online communications between shippers and the operator. QPTM is FERC and NAESB regulatory compliant, and is configurable to reflect the latest industry requirements and evolving business environments.
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 www.qbsol.com or call us at 713-430-8601.