LabVantage Named Global LIMS Company of the Year by Frost & Sullivan
—Company Also Recognized as Growth and Innovation Leader for the Second Year in a Row in 2024 Frost Radar™ for Global Laboratory Information Management Systems (LIMS) for the Life Sciences Market—
LabVantage Solutions, Inc., the leading provider of laboratory informatics solutions and services, including purpose-built LIMS platforms enabling rapid deployment at reduced costs, today announced it has been awarded the prestigious Company of the Year Award in the Global Laboratory Information Management Systems (LIMS) Industry by Frost & Sullivan. This recognition highlights LabVantage’s leadership in visionary innovation, performance, and customer impact, affirming the company’s commitment to delivering cutting-edge, customer-centric solutions across industries.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912829381/en/
(Graphic: Business Wire)
The award, part of Frost & Sullivan’s Best Practices Awards series, acknowledges companies that demonstrate excellence in growth and innovation. LabVantage has been recognized for excelling in both dimensions, leveraging its visionary approach to address unmet needs in laboratory informatics while maintaining a strong focus on customer satisfaction and service experience. Over nearly four decades, the company has evolved from a specialized LIMS provider into a vertical Software-as-a-Service (SaaS) platform provider for all laboratory-related digital needs of various industries, including pharmaceuticals, biotechnology, food and beverage, oil and gas, contract testing, public health labs, forensics, and government.
“LabVantage distinguishes itself with an extensive product lineup, smooth integration capabilities, and dedication to facilitating digital transformation in laboratories,” said Lucila Martin, Healthcare & Life Sciences Research Analyst at Frost & Sullivan. “Given the early and strategic growth of SaaS as part of its business, the company enhances its ability to capitalize on LIMS market trends and opportunities.”
Additionally, LabVantage has been named a leader, for the second consecutive year, in the 2024 Frost Radar™ for Global LIMS for the life sciences industry – providing yet another testament to its continued leadership and adaptability in a rapidly evolving sector. In the Radar, Frost & Sullivan evaluated 50 LIMS vendors, plotting the top 14 for their advanced capabilities in interoperability, scalability, and configurability. Companies on the Radar adopt a robust vision focused on growth and rigorous innovation that promotes seamless integration of new technologies, identifies the critical needs of each area, and offers distinctive features for each use of their solutions. A leading player in this Radar analysis, LabVantage scored a high 4.6 on the Innovation index, and similarly, a 4.5 on the Growth index.
“It is a great honor to be awarded Company of the Year in the Global LIMS industry by an esteemed industry advisory firm such as Frost & Sullivan,” said Mikael Hagstroem, CEO of LabVantage Solutions. “This recognition is a result of the dedication and passion that my 1223 colleagues put into changing from a product-centric to a truly client-focused company with a focus on delivering client impact. Earning the Frost Radar recognition two years in a row is a humbling and rare feat for any company – for us, it underscores how closely we partner with our customers to drive innovation. We are proud that our efforts to listen to and innovate based on customer feedback are being recognized, validating our commitment to delivering impact and partnering with our clients for the betterment of the human condition.”
Customers benefit from LabVantage’s robust SaaS offerings, which enable continuous innovation, operational efficiency, and reduced capital expenditures. The company’s internal professional services team, which manages significant implementation work in-house, also plays a critical role in delivering impact that is consistently growing over time. For example, they help clients by shortening time for validation and providing services, such as instrument integration, master data management, and generative artificial intelligence (AI)-based augmentation. In April 2024, LabVantage achieved over 100 software deployments for fiscal year 2024 across the various industries it serves.
LabVantage continues to expand its global footprint, with strategic growth initiatives in Colombia, Brazil, South Korea, and Hong Kong, and has enhanced its capabilities through acquisitions, such as SEIN Infotech. The company’s investment in emerging technologies, including generative AI, is further solidifying its leadership in laboratory informatics, offering customers more intelligent and efficient systems.
For more information on LabVantage and its comprehensive LIMS solutions, visit www.labvantage.com or email info@labvantage.com.
About LabVantage Solutions
A recognized leader in enterprise laboratory software solutions, LabVantage Solutions dedicates itself to improving customer outcomes by transforming data into knowledge. The LabVantage informatics platform is highly configurable, integrated across a common architecture, and 100% browser-based to support hundreds of concurrent users. Deployed on-premise or via SaaS, it seamlessly interfaces with instruments and other enterprise systems – enabling true digital transformation. The platform consists of the most modern laboratory information management system (LIMS) available, integrated electronic laboratory notebook (ELN), laboratory execution system (LES), scientific data management system (SDMS), and advanced analytics; and, for healthcare settings, a laboratory information system (LIS). We support more than 1500 global customer sites in the life sciences, pharmaceutical, medical device, biobank, food & beverage, consumer packaged goods, oil & gas, genetics/diagnostics, forensic, and healthcare industries. Headquartered in Somerset, NJ, with global offices, LabVantage has offered its comprehensive portfolio of products and services to enable customers to innovate faster in the R&D cycle, improve manufactured product quality, achieve accurate record-keeping, and comply with regulatory requirements for four decades. For more information, visit labvantage.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240912829381/en/
Contacts
Media:
Media:
Charya Wickremasinghe, Ph.D.
Brandwidth Solutions
cwickremasinghe@brandwidthsolutions.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Textron Aviation Raises the Bar for Workforce Development With State-of-the-Art Career & Learning Center23.4.2025 22:00:00 CEST | Press release
Textron Aviation Inc. a Textron Inc. (NYSE: TXT) company, today announced its new Career & Learning Center is complete and fully operational serving prospective, current and future Textron Aviation employees. Strategically located on the company’s East Wichita Campus, this state-of-the-art facility expands the training footprint to more than 75,000 square feet and provides a world-class employee experience during the application, hiring, onboarding and training processes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423874476/en/ Textron Aviation Career and Learning Center | Textron Aviation “The Textron Aviation Career & Learning Center is an important investment in building the next generation of aviation manufacturing, support and professional talent,” said Ron Draper, president and CEO. “Recruiting, hiring and training a world-class workforce is vital to our ability to provide the best aviation experience for our cu
TSMC Unveils Next-Generation A14 Process at North America Technology Symposium23.4.2025 20:40:00 CEST | Press release
Showcasing TSMC’s latest offerings for high performance computing, smartphone, automotive, and IoT applications TSMC (TWSE: 2330, NYSE: TSM) today unveiled its next cutting-edge logic process technology, A14, at the Company’s North America Technology Symposium. Representing a significant advancement from TSMC’s industry-leading N2 process, A14 is designed to drive AI transformation forward by delivering faster computing and greater power efficiency. It is also expected to enhance smartphones by improving their on-board AI capabilities, making them even smarter. Planned to enter production in 2028, the current A14 development is progressing smoothly with yield performance ahead of schedule. Compared with the N2 process, which is about to enter volume production later this year, A14 will offer up to 15% speed improvement at the same power, or up to 30% power reduction at the same speed, along with more than 20% increase in logic density. Leveraging the Company’s experience in design-tech
Veracode Delivers End-to-End Risk Coverage with New Tools: AI-Powered Dynamic Analysis Security Testing with External Attack Surface Management23.4.2025 17:42:00 CEST | Press release
Seamless Integration and Speed: Latest Innovations Empower Faster, Smarter, and Safer Software Security Veracode, a global leader in application risk management, today announced new capabilities to help organizations address emerging threats, giving security professionals better visibility and control in one place. The launch includes new AI-powered functionality in the Dynamic Application Security Testing (DAST)product and an External Attack Surface Management (EASM) capability. Together, they enable security teams to discover their entire attack surface and prioritize the most critical risk to streamline and simplify security scanning. “Security teams need to see and secure everything; not only what is inside their perimeter,” said Derek Maki, Head of Product at Veracode. “With our latest DAST capabilities and Application Risk Management platform enhancements, we’re helping organizations shift from vulnerability scanning to holistic risk management, to better identify risk residing i
Incyte to Showcase New Data from its Oncology Portfolio at 2025 American Society of Clinical Oncology (ASCO) Annual Meeting23.4.2025 17:03:00 CEST | Press release
Incyte (Nasdaq: INCY) today announced that multiple abstracts featuring new data from its oncology portfolio will be presented at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting, held May 30 – June 3, 2025, in Chicago. “The data featured at the 2025 ASCO Annual Meeting, from both our approved medicines and early-stage pipeline, reflect our ongoing efforts to transform cancer care,” said Pablo J. Cagnoni, M.D., President and Head of Research and Development, Incyte. “We are advancing potential therapies across some of the most difficult-to-treat cancers and hematological diseases, including squamous cell anal cancer, ovarian cancer and myelofibrosis, with the hope of making a meaningful difference for these patients.” Key abstracts accepted for presentation: Oral Presentations INCB123667 Safety and Preliminary Efficacy from a Phase 1 Study of INCB123667, a Selective CDK2 Inhibitor, in Patients with Advanced Platinum-Resistant and Refractory Ovarian Cancer (OC) (Abst
LTIMindtree’s FY25 Revenue up 7% in INR23.4.2025 16:42:00 CEST | Press release
Order Inflow at USD 6 Billion, up 6% on full-year basis LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the fourth quarter and full year ended Mar 31, 2025, as approved by its Board of Directors. “We concluded FY25 with a revenue growth of 5% in constant currency terms and an EBIT margin of 14.5%. Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment. The robust order inflow, driven by a significant array of AI-led deal wins, illustrates the pervasive integration of AI across our service offerings. Venu Lambu’s transition to LTIMindtree has been seamless and supports our strategic goals. His growing understanding of the organisation, combined with our ability to secure large deals, strong presence in tech-intensive sectors, and robust balance sheet, positions us well to leverage the opportunities ahead of us.” - Debashis Chatterjee,
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom