Abbott has acquired Starlims Technologies, a provider of laboratory information management systems, for $123m.
The acquisition provides Abbott with products and expertise to build its position in laboratory informatics, an emerging and rapidly growing field focused on helping to manage the increasing amount of data generated in laboratories.
Starlims’s web-based software applications help laboratories efficiently store, retrieve and analyze data and are designed for a wide variety of laboratory environments operating across a number of scientific, industrial and clinical disciplines.
Edward Michael, executive vice president of diagnostics products at Abbott, said: Starlims gives us access to innovative technologies and technical expertise for our long-term strategy in laboratory informatics. The acquisition enables us to provide a common informatics framework across all of our diagnostics businesses and, equally important, will help accelerate Starlims’s growth strategy in the non-diagnostics market segments it currently serves.