NEW YORK (GenomeWeb News) – Life Technologies said today that it will sell its lab information management software business to LabVantage Solutions for an undisclosed sum.
The SQL*LIMS business offers a management system for lab processes, such as tracking raw materials and samples, analyzing samples, collecting data, and communicating this information to corporate systems.
"While the LIMS business is an important asset for a segment of our customers, it was not a perfect fit with our strategic direction," Life Technologies President and COO Mark Stevenson said in a statement. "This agreement will allow us to better focus on our strengths, while ensuring continued access to a key solution in the laboratory workflow."
LabVantage, which is based in Bridgewater, NJ, and specializes in lab information management systems, will continue to support the SQL*LIMS customers.
"We are confident that our customers will benefit from the increased focus of a software solutions company," said Pat Pijanowski, GM of Life Technologies' SQL*LIMS unit. Pijanowski also said that the combination of the businesses "will allow for expanded and strengthened product offerings to meet the needs of this market."