Teranode Recognized by Frost & Sullivan, Receives two Life Sciences Industry Technology Awards
Teranode Corporation, the leading innovator of experiment design automation (XDA) software for the Life Sciences industry, announced today that it has been awarded both the 2005 Frost & Sullivan Technology Leadership Award in the field of bioinformatics and the 2005 Technology Innovation Award for its success in the U.S. laboratory information management systems (LIMS) market.
Teranode’s informatics platform, TERANODE XDA, combines computational chemistry and biology with lab data to automate tasks associated with the lifecycle of experimentation. The platform’s core application is TERANODE Design Suite, a visual tool for scientists that allows in-silico and lab experiments to be designed, automated, analyzed, and published for the benefit of accelerated R&D.
Frost & Sullivan set out to bestow its 2005 Technology Leadership Award in the field of Bioinformatics on the company that best pioneered the development and introduction of innovative technology into the market. The award acknowledges a company’s successful technology development that is expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture.
“The TERANODE XDA platform is empowering scientists to design high-value experiments, capture and analyze results, and collaborate across labs using one solution,” said Katherine Austin, Frost & Sullivan research analyst. “Teranode was recognized for the Bioinformatics Technology Leadership award because its technology is not only innovative, but has exceptional design elegance, capacity, and is easy-to-use – key ingredients for a successful technology solution.”
The Frost & Sullivan Award for Technology Innovation in the LIMS market was given to the company that best demonstrated LIMS technology superiority. The award recognizes a company’s leadership, technology acumen, and breadth in high-end LIMS used in the Life Science industry.
“Even in its short span of existence, we recognized Teranode for its significant technological advances within the Life Science experiment community,” said Jessica Shah, Frost & Sullivan research analyst. “Teranode’s innovative model-driven LIMS incorporates the ability to automate experiment design without continuous re-programming, thus reducing time and effort considerably. The company has contributed to the U.S. LIMS market through its inventive technology; therefore we felt that Teranode was the deserving recipient of the 2005 Frost & Sullivan Technology Innovation Award in the U.S. LIMS market.”
“We’re thrilled to be the first company to have our product recognized by Frost & Sullivan in two distinct categories,” said Joseph Duncan, CEO of Teranode. “The Life Sciences industry is fundamentally dependent on the productivity of its labs, from early-stage discovery through late-stage clinical trials. These awards validate that our technology can assist the R&D community with improving the speed and value of projects by automating lab experiments and providing a repository for capturing, analyzing, and sharing information enterprise-wide. Our goal is to continue providing world class software and innovation to R&D professionals as the company evolves.”
About Teranode Corporation
Teranode Corporation, a venture-backed company headquartered in Seattle, Washington, is the leading innovator of experiment design automation (XDA) software that integrates in-silico and lab experimentation. Teranode’s award-winning products are used by leading pharmaceutical, biotechnology, research and academic organizations, including Pfizer, AstraZeneca, NIH Chemical Genomics Center, MIT, and Fred Hutchinson Cancer Research Center, to improve the speed and value of experimentation in R&D and then share chemical and biological knowledge enterprise-wide. For more information, visit www.teranode.com .
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company’s industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com .
