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Thoma Bravo to Acquire Quorum Software

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Partnership to Accelerate Quorum's Strategic Growth Initiatives

Thoma Bravo, LLC, a leading private equity investment firm, today
announced that it has agreed to acquire Quorum Software ("Quorum" or
"the Company"), the leader in digital transformation for the oil and gas
industry, from Silver Lake. The transaction is expected to close in the
third quarter of this year, subject to standard and customary closing
conditions and regulatory approvals. Terms of the transaction were not
disclosed.

Since its inception in 1998, Quorum has delivered purpose-built
software, fueling the digital transformation of the oil and gas industry
and operates in markets across the United States and Canada. Quorum
serves its customer base by providing integrated solutions for their
core processing needs across the upstream, midstream, and downstream
segments of the oil and gas value chain.

"We are excited to partner with Thoma Bravo to advance our strategic
goal of ‘shaping the modern energy workplace' through delivering
innovative mobile and cloud-based software platforms and services,"
stated Perry Turbes, Chief Executive Officer, Quorum Software.

Turbes continued: "The North American oil & gas industry continues to
grow, with a heightened focus on operational efficiencies and maximized
capital productivity. Quorum's comprehensive capabilities across the
value chain with advanced technical innovation and deep domain
expertise, coupled with our strong brand, positions us well for
continued growth. We look forward to benefitting from Thoma Bravo's
expertise in helping companies grow through prudent investment
strategies. We are also thrilled to partner with their software industry
experts to harness exciting new growth opportunities."

"Quorum is a pioneer and leader in the energy software market, offering
a broad portfolio of mission critical technology solutions to its
world-class customer base," said Scott Crabill, a Managing Partner at
Thoma Bravo. "We look forward to working with Perry and the Quorum
management team to move the Company into its next phase of growth."

Credit Suisse is serving as financial advisor to Quorum, and Hogan
Lovells is serving as its legal advisor. Macquarie Capital is serving as
financial advisor to Thoma Bravo, and Kirkland & Ellis LLP is serving as
its legal advisor. Financing for the transaction is being provided by
Credit Suisse and Macquarie Capital.

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 $24 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.

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 www.quorumsoftware.com.

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