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Quorum acquires Phoenix ETRM software from Woodlands Solutions

Quorum Business Solutions Inc.

Quorum Business Solutions Inc., which provides business information technology solutions for the energy industry, has completed its acquisition of the energy trading and risk management (ETRM) software solution Phoenix ETRM from Woodlands Solutions LLC. Phoenix ETRM software and its innovative Phoenix Core help organizations with exposure to energy commodities to improve their operational efficiency, to better manage their exposures, and to improve their control over operations.

This acquisition expands Quorum’s software solution portfolio into multi-commodity energy trading and risk management (C/ETRM). Phoenix ETRM software will augment Quorum’s portfolio of software solutions that manage operational, administrative, financial, and transactional business processes for energy companies. The addition of Phoenix ETRM will provide Quorum clients with the opportunity to source an even wider range of interrelated business applications from a single, reliable software provider. The merged offering positions Quorum in the ETRM arena, complementing its existing portfolio of energy marketing products.

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