Agilent Technologies to Acquire Assets of iLab Solutions, Leader in Cloud-Based Laboratory Management Software
June 27 2016 - 4:05PM
Business Wire
Agilent Technologies Inc. (NYSE: A) and iLab Solutions, LLC
today announced they have signed a definitive agreement under which
Agilent will acquire substantially all of the assets of iLab, the
market leader in cloud-based solutions for core laboratory
management. The acquisition includes iLab’s technology,
intellectual property and product portfolio, as well as employee
talent.
A privately held company based in Boston, Mass., iLab Solutions
provides laboratory management services to leading universities,
research hospitals and independent institutes across the globe.
Using iLab’s offerings, customers can easily and accurately book
time in shared facilities to bill and invoice for projects, to
manage studies, to generate reports and business intelligence, and
to schedule instrument reservations across multiple projects.
“Agilent is a one-stop partner to equip, manage and serve our
customers’ entire laboratory,” said Mark Doak, president, Agilent
CrossLab Group. “Our acquisition of iLab further expands our
offerings portfolio in a space we previously did not have a
presence in.”
“iLab’s solutions are robust and scalable, allowing for
expansion into large-enterprise accounts, including Pharma,” he
added. “With iLab’s experience and outstanding enterprise-level
management solutions, we will be able to immediately deliver
broader value for our customers.”
“Joining forces with Agilent is an excellent fit for us,” said
Tad Fallows, chief executive officer, iLab Solutions. “It is also a
tremendous opportunity for our customers, who will benefit from
integration with a broad family of solutions and a range of new
applications. Together, we’ll be able to further accelerate our
offerings to additional markets through Agilent’s global reach and
leadership in multiple market segments.”
The acquisition is expected to be completed in early August,
subject to local laws and regulations and customary closing
conditions. iLab Solutions employs nearly 70 employees and
contractors, all of whom will be offered opportunities with
Agilent. Financial terms of the transaction were not disclosed.
About iLab Solutions, LLC
iLab Solutions, LLC is the global leader in providing web-based
core facility management services to academic research
institutions. The functionality includes request management,
equipment reservation and usage tracking, project tracking, billing
and invoicing, and reporting. iLab has extensive experience
providing enterprise-level solutions at major research
institutions, including integrations with institutional financial
systems and identity management systems. iLab’s dedicated
implementation team and full customer support result in high
adoption rates. Core facilities across 150 institutions in North
America, Europe and the Asia-Pacific region rely on iLab, including
universities, hospitals, independent institutes and government
labs. For more information, visit www.ilabsolutions.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A), a global leader in
life sciences, diagnostics and applied chemical markets, is the
premier laboratory partner for a better world. Agilent works with
customers in more than 100 countries, providing instruments,
software, services and consumables for the entire laboratory
workflow. The company generated revenue of $4.04 billion in fiscal
2015 and employs about 12,000 people worldwide. Information about
Agilent is available at www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, statements regarding the
expansion of Agilent’s product portfolio and the ability to deliver
broader value for customers, expansion into additional accounts and
markets, the anticipated closing date of the acquisition, and the
expected benefits of the acquisition to Agilent’s business and
operations. These forward-looking statements involve risks and
uncertainties that could cause Agilent’s results to differ
materially from management’s current expectations. Such risks and
uncertainties include, but are not limited to: unforeseen changes
in the demand for current and new products, technologies, and
services; customer purchasing decisions and timing; satisfaction of
closing conditions; and the risk that we are not able to realize
the expected benefits from acquisition activities.
In addition, other risks that Agilent faces in running its
operations include the ability to execute successfully through
business cycles; ongoing competitive, pricing and gross-margin
pressures; the impact of geopolitical uncertainties and global
economic conditions on our operations, our markets and our ability
to conduct business; the ability to successfully introduce new
products at the right time, price and mix; the ability of Agilent
to successfully integrate recent acquisitions; the ability of
Agilent to successfully comply with certain complex regulations;
and other risks detailed in Agilent’s filings with the Securities
and Exchange Commission, including our quarterly report on Form
10-Q for the quarter ended April 30, 2016. Forward-looking
statements are based on the beliefs and assumptions of Agilent’s
management and on currently available information. Agilent
undertakes no responsibility to publicly update or revise any
forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news is available at www.agilent.com/go/news.
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version on businesswire.com: http://www.businesswire.com/news/home/20160627006264/en/
EDITORIAL CONTACTS:AgilentVictoria Wadsworth-Hansen, +1
408-553-2005victoria.wadsworth-hansen@agilent.comoriLab
SolutionsAlicia Cravens, +1
847-792-1894alicia.cravens@ilabsolutions.comorINVESTOR
CONTACT:AgilentAlicia Rodriguez, +1
408-345-8948alicia_rodriguez@agilent.com
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