Quorum Software announced record-high adoption and deployment rates for its cloud-based myQuorum Land On Demand software.
With 18 of the top 20 North American E&P producers as customers for land management, Quorum created a version of its industry-leading software specifically packaged for the small-cap market. Quorum anticipates adding 100 new customers to myQuorum Land On Demand in 2018, based on the accelerating rate of adoption since the product was first launched in June 2017.
"Based on the tremendous demand for myQuorum Land On Demand, it's evident that our customers are excited about the latest land management features, technology, deployment speed, and savings that Quorum delivers," said Soroosh Seyhoon, Vice President at Quorum. "Our customers come to us because they don't want to deal with lengthy software implementations, cumbersome spreadsheets, and accounting solutions that claim to be land software. That's why we made land management systems simpler, quicker and more efficient and we'll continue to evolve and bring value to oil and gas companies of all sizes through industry focus and innovation."
"myQuorum Land On Demand's recent success reflects the need for leading land management software vendors to address the small-cap opportunity with products and platforms tailored to the challenges that these smaller organisations encounter," said Kevin Prouty, Vice President of IDC Energy Insights. "We see significant demand from smaller companies due to the amount of M&A activity and driven by the need for these solutions to be fast to implement, simple to deploy, industry-proven, scalable, and affordable."
As a SaaS offering, myQuorum Land On Demand allows users to access the software anytime, anywhere, from any device, at a fraction of the cost of a traditional on-premises software implementation. The product's ease of use is designed to help everyone in an E&P company, from land administrators to geologists, make faster, smarter, more accurate decisions about land and lease management. From basic land and lease management to integrated GIS and analytics, myQuorum Land On Demand can handle complex leases, adapt to business growth, and be implemented in a matter of days instead of weeks or months.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/30032018/quorums-saas-land-on-demand-software-a-huge-hit-in-the-market/