A Life Technologies spokesperson said today that "most" of the 75 employees in its SQL*LIMS business are expected to transfer to LabVantage as part of the firm's sale of that business to the LIMS vendor.
The sale is expected to close in the third quarter of 2009. Financial terms of the agreement were not provided.
Life Technologies said it "does not expect this transaction to have a material affect on its financials in fiscal year 2009." The company does not break out revenues for its product lines.