Life Technologies Corporation (NASDAQ: LIFE), a provider of innovative
life science solutions, today announced that it has signed a definitive
agreement to sell its SQL*LIMS business to LabVantage Solutions, Inc.
for an undisclosed amount.
Under the terms of the agreement, LabVantage will continue to support
the SQL*LIMS product and customers will receive the same level of
support to which they have been accustomed.
The SQL*LIMS® business from Applied Biosystems, a part of
Life Technologies, is an enterprise laboratory information management
system (LIMS) provider that manages the laboratory process lifecycle.
The system is used for tracking raw materials and samples as they enter
and travel the laboratory workflow, sample analysis, data collection and
communication of this information to corporate systems. For more
information, visit www.sqllims.com.
“We are confident that our customers will benefit from the increased
focus of a software solutions company,” said Pat Pijanowski, General
Manager, SQL*LIMS business unit for Life Technologies. “The combination
of these two leading LIMS businesses will allow for expanded and
strengthened product offerings to meet the needs of this market.”
“While the LIMS business is an important asset for a segment of our
customers, it was not a perfect fit with our strategic direction,” said
Mark Stevenson, Life Technologies’ President and Chief Operating
Officer. “This agreement will allow us to better focus on our strengths,
while ensuring continued access to a key solution in the laboratory
workflow.”
The transaction is subject to customary closing conditions and is
expected to close in the third quarter of 2009. Life Technologies does
not expect this transaction to have a material affect on its financials
in fiscal year 2009.
About Life Technologies (www.lifetechnologies.com)
Life Technologies Corporation (NASDAQ: LIFE) is a global biotechnology
tools company dedicated to improving the human condition. Our systems,
consumables and services enable researchers to accelerate scientific
exploration, driving to discoveries and developments that make life even
better. Life Technologies customers do their work across the biological
spectrum, working to advance personalized medicine, regenerative
science, molecular diagnostics, agricultural and environmental research,
and 21st century forensics.
