The big news: Francisco Partners announced that it was buying Quorum Software, an oil-and-gas industry software company, from Thoma Bravo. The deal is expected to value the Quorum at $2.4 billion, per The Wall Street Journal. Quorum serves more than 1,500 customers from emerging operators to global supermajors and NOCs across 50 energy producing countries.
On the move: Nakayi Nayyar was named CEO of SaaS platform Siteimprove. Nayyer is a 25-year industry veteran who was most recently CEO of Securonix, and has also worked at companies including Ivanti, SAP, and BMC Software. She also serves on the boards of Fortune 500 companies TD Synnex and Corteva Agriscience.
The buzz: Reuters reported that Denver-based Granicus, which is owned by Vista Equity Partners and Harvest Partners, is exploring a sale that could reach $4 billion. Granicus provides cloud-based software for government services around the world.
On the rise: American Express announced that it would buy Center, a software company modernizing expense management, to remove friction from the expense management process. The acquisition is expected to close within the second quarter of 2025, subject to customary closing conditions.
What’s next: Ars Technica asked if Artificial Intelligence has changed coding forever. Once a precision endeavour, “vibe coding” embraces AI to translate larger ideas into actual code, even if the programmer does not understand the code itself. In “vibe coding,” the magazine reports, “if an error occurs, you feed it back into the AI model, accept the changes, hope it works, and repeat the process.”
