The technology investor Silver Lake Partners and Silver Lake Kraftwerk, its energy and resource sector, said in a press release July 14 that they will acquire Quorum Business Solutions Inc. from funds managed by The Carlyle Group’s middle-market buyout team and Riverstone Holdings LLC.

The transaction’s financial terms were not disclosed, the press release said.

Members of Quorum’s management will be equity partners in the acquisition, the press release said. Quorum provides software and services to the oil and natural gas industry, the release noted.

This is the first joint investment between Silver Lake Partners and Silver Lake Kraftwerk, the press release said, noting that this was also Silver Lake Partners’ first investment in the oil and natural gas industry’s technology-enabled sectors.

Quorum has completed more than 975 energy information technology projects, and supports more than 185 energy industry clients, the press release said, noting that increased production of oil and natural gas has contributed to its “rapid growth.”

“Quorum has become a critical player in the energy market, where technology is playing an increasingly vital role,” said Bryce Lee, a managing director at Silver Lake Kraftwerk.

“Quorum has built a leadership position through its differentiated, mission-critical software and relentless focus on treating clients as partners, whether building the new functionality they desire or providing outstanding support. We look forward to working with management to maintain its customer-centric culture and continuing an aggressive, growth-oriented business plan, including potential investments in new product capabilities and M&A,” he added.

“We are very excited to announce our new business alliance with Silver Lake, a distinguished leader in technology and energy investing,” said Perry Turbes, president and CEO of Quorum.

Crédit Suisse (NYSE: CS), Hogan Lovells US LLP and Latham & Watkins LLP were Quorum’s advisers on the transaction, the press release said, noting that Kirkland & Ellis LLP was Silver Lake’s adviser. RBC Capital Markets provided debt financing, the press release added.

Quorum Business Solutions Inc. is based in Houston.

Silver Lake Partners is based in Menlo Park, Calif.