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Waters to Purchase NuGenesis Technologies for $43M

NEW YORK, Jan. 28 (GenomeWeb News) – Milford, Mass.-based Waters Corp. today announced that it is buying the privately-held software company, NuGenesis Technologies of Westborough, Mass, for approximately $43 million, in a transaction that is expected to close in the first quarter, subject to certain conditions, the company said in a statement.

NuGenesis, which was founded in 1996 and was formerly known as Mantra Software, develops and markets the NuGenesis Scientific Data Management Systems product line.

Waters said that it will blend NuGenesis’s platform, in combination with products and technologies from Creon Lab Control, acquired in July, to seek a leadership position in the scientific information management arena.

Major investors in the NuGenesis include: TA Associates (Boston), Highland Capital Partners (Lexington, Mass.), BancBoston Ventures, Brentwood Venture Capital (Menlo Park, Calif.), and St. Paul Venture Capital (Eden Prairie, Minn.). NuGenesis took in a $26 million round of venture-capital finance in May 2000.

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