Thoma Bravo has agreed to sell the MOSAIC product of portfolio company Quorum Software in response to a challenge from Ottawa's Competition Bureau. As part of the agreement, MOSAIC's purchaser must be acceptable to the Commissioner of Competition. In June, the Bureau said Thoma Bravo's ownership of the two largest energy reserves software businesses in Canada, Quorum and Aucerna, was likely to reduce competition. It sought an order requiring the sale of either MOSAIC or Aucerna's Val Nav. Thoma Bravo announced the acquisition of Aucerna, a Calgary-based provider of planning, execution and reserves solutions to the oil and gas industry, in February.
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