Company News
LabVantage named Global LIMS Company of the Year
Oct 03 2024
LabVantage Solutions received the prestigious Company of the Year Award in the Global Laboratory Information Management Systems (LIMS) Industry from the independent advisory firm Frost & Sullivan. This recognition highlights LabVantage’s leadership in innovation, performance, and customer impact, affirming the company’s commitment to delivering cutting-edge, customer-centric solutions across industries.
The award, part of Frost & Sullivan’s Best Practices Awards series, recognises companies that demonstrate excellence in growth and innovation. LabVantage excels in both dimensions, addressing unmet needs in laboratory informatics while maintaining a strong focus on customer satisfaction and service experience. In its 40 years, the company has evolved from a specialised LIMS provider into a vertical Software-as-a-Service (SaaS) platform provider for all laboratory-related digital needs of various industries, including pharmaceuticals, biotechnology, food and beverage, oil and gas, contract testing, public health labs, forensics, and government.
“LabVantage distinguishes itself with an extensive product lineup, smooth integration capabilities, and dedication to facilitating digital transformation in laboratories,” said Lucila Martin, Healthcare & Life Sciences Research Analyst at Frost & Sullivan. “Given the early and strategic growth of SaaS as part of its business, the company enhances its ability to capitalise on LIMS market trends and opportunities.”
For the second consecutive year, LabVantage was named a leader in the Frost Radar™ for Global LIMS for the life sciences industry. In the 2024 Radar, Frost & Sullivan evaluated 50 LIMS vendors, plotting the top 14 for their capabilities in interoperability, scalability, and configurability. Companies on the Radar adopt a robust vision focused on growth and rigorous innovation that promotes seamless integration of new technologies, identifies the critical needs of each area, and offers distinctive features for each use of their solutions. A leading player in this Radar analysis, LabVantage scored a high 4.6 on the Innovation index and a 4.5 on the Growth index.
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