LabWare Wins Frost & Sullivan Accolade, Named European Laboratory Information Systems Company of the Year
LONDON–(BUSINESS WIRE)–The 2008 Frost & Sullivan European Laboratory Information Systems Company of the Year Award is presented to LabWare. The company is a global leader in providing versatile, easily configurable laboratory information management systems (LIMS) solutions that can be successfully deployed at low cost and implementation times across several industries. LabWare has been increasing its market share consistently over the years, registering an impressive annual growth rate of 28.73 percent for the fiscal year 2007.
“LabWare’s ability to cater to the data management requirements of newer markets such as biobanking and clinical trials, coupled with investments in novel technologies, will enable it to sustain its dominance in the European market,” notes Frost & Sullivan Research Analyst Prabakar Sampath. “Moreover, such capabilities will help the company enhance its overall share in the global LIMS market.”
LabWare LIMS is the flagship product of LabWare. LabWare LIMS v5 is the fifth version released since the inception of LabWare LIMS in 1994. Labstation is a powerful instrument integration module fully embedded within LabWare LIMS that efficiently integrates disparate instruments in the laboratory.
LabWare WebLIMS is the web based version of LabWare LIMS. The ability of WebLIMS to run on any J2EE based Web Application Server without the requirement of supporting applets has enabled organisations to easily deploy and manage LIMS across the enterprise. LabWare also provides electronic lab notebook functionality that can be easily integrated with other applications.
“Version 3 of LabWare WebLIMS allows LIMS to be accessed from a wide range of handheld devices such as PDAs and the new iPhone from Apple, Inc.,” adds Sampath. “It also supports increased functionality, speed and usability of web pages.
LabWare’s priority has been to provide fully configurable solutions with rich core product functionality to overcome the disadvantages of customised solutions. An extensive library of the most common LIMS functions, such as sample tracking and audit trails, are incorporated into the product and sold off-the-shelf. LabWare is the pioneer in providing the most comprehensive configurable LIMS solutions with a very high level of core product functionality.
The non dependence of LabWare LIMS on specific hardware or software is its unique selling point. LabWare LIMS is independent of the type of database employed and operating system used. LabWare’s strict use of open standards allows WebLIMS to conveniently operate with a wide range of web browsers such as IE, FireFox, Safari and the new Chrome browser from Google.
“The LabWare LIMS can be seamlessly integrated with third party business intelligence software due to the adoption of open standards in its architecture,” remarks Sampath. “Thus, the incorporation of a technologically superior product into its portfolio has enabled LabWare to boost market penetration and capture greater market share than its competitors.”
Partnership agreements with major companies involved in providing data analysis solutions have allowed LabWare to integrate its LIMS with leading enterprise resource planning (ERP) and data mining software. Partnerships and alliances with companies such as IBM Life Sciences unit, Waters Corp and Data Innovations, Inc. have helped LabWare successfully create its own market space in biobanking data management and clinical data management segments.
The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrated unparalleled excellence within its industry. The Award is based on numerous factors including the company’s business development, competitive strategy, customer satisfaction, and leadership within a particular Frost & Sullivan Industry Research Group (IRG). This company is perceived to exhibit outstanding management and consistent growth. The company must offer high quality products and/or services and have positive social and economic impact on local and national communities. The company’s customer service offerings and performance are expected to be of very high caliber. The company should have proven expertise in taking advantage of market changes by capturing and solidifying market presence, or through execution of innovative strategies within the existing competitive landscape.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About LabWare
LabWare is a global supplier of Laboratory Information Management Systems (LIMS) and instrument integration software products. Founded in 1988, the company is headquartered in Wilmington, Delaware and has LabWare owned offices located throughout the world. The company’s flagship product, LabWare LIMS, is used to automate the laboratory operations of many of the world’s leading companies. LabWare LIMS includes an extensive library of application modules, template solutions and powerful configuration tools that allow the product to be used in a wide range of industries. LabWare excels at providing a global team of experienced LIMS professionals to effectively support customers during implementations and after, when the LIMS is in production.
For more information, visit the LabWare website at: http://www.labware.com.
About Frost & Sullivan
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