LabVantage Solutions, Inc. is a leading provider of special purpose laboratory information solutions and services. LIMS Platform LabVantage, enabling rapid deployment at low cost, announced today that it has been awarded the prestigious Company of the Year award by Frost & Sullivan in the Global Laboratory Information Management Systems (LIMS) Industry. This recognition highlights LabVantage’s leadership in visionary innovation, performance, and customer impact, and confirms the company’s commitment to delivering cutting-edge, customer-centric solutions across the industry.
Part of the award Frost & Sullivan’s Best Practices Awards SeriesRecognizes companies that have demonstrated excellence in growth and innovation. LabVantage has been recognized for excellence in both dimensions, leveraging a visionary approach to solving unmet needs in laboratory informatics while focusing on customer satisfaction and service experience. Over the course of nearly 40 years, the company has evolved from a specialized LIMS vendor to a vertical software-as-a-service (SaaS) platform provider for a variety of laboratory-related digital needs. industryIncluding pharmaceuticals, biotechnology, food and beverage, oil and gas, contract testing, public health laboratories, forensics, and government.
“LabVantage is differentiated by its breadth of product lineup, seamless integration capabilities, and commitment to driving digital transformation in the laboratory,” said Lucila Martin, Healthcare & Life Sciences Research Analyst at Frost & Sullivan. “Having strategically grown SaaS as part of its business early on, the company is better positioned to capitalize on LIMS market trends and opportunities.”
Additionally, LabVantage has been named a Leader in the 2024 Frost Radar™ Global LIMS for the Life Sciences Industry for the second consecutive year, demonstrating its continued leadership and adaptability in a rapidly evolving field. Frost & Sullivan evaluated 50 LIMS vendors in the Radar, identifying the top 14 with advanced capabilities in interoperability, scalability and configurability. Companies on the Radar adopt a strong vision focused on growth and rigorous innovation that facilitates seamless integration of new technologies, understands critical needs across disciplines and delivers unique capabilities for each use case of their solutions. A leader in this Radar analysis, LabVantage received a strong score of 4.6 on the Innovation Index and a similar 4.5 on the Growth Index.
“It is a great honor to be recognized by such a renowned industry advisory firm as Frost & Sullivan as the Global LIMS Industry Company of the Year,” said Mikael Hagstroem, CEO of LabVantage Solutions. “This recognition is a testament to the dedication and passion of my 1,223 colleagues as we transitioned from a product-centric to a customer-centric company and focused on delivering customer impact. To be recognized by the Frost Radar for two consecutive years is a humbling and rare accomplishment for any company. For us, it highlights how closely we work with our customers to drive innovation. We are proud that our efforts to listen to customer feedback and innovate have been recognized and that our commitment to delivering impact and partnering with our customers to improve the human condition has been validated.”
Clients benefit from LabVantage’s powerful SaaS offering, enabling continuous innovation, operational efficiency, and reduced capital expenditures. Internal to the company Professional Services The team that manages critical implementation work internally also plays a key role in delivering a continuously increasing impact over time, for example, by reducing validation times and helping customers with services such as instrument integration, master data management, and generative artificial intelligence (AI)-based augmentation. In April 2024, LabVantage 100+ software distributions We are targeting fiscal year 2024 across a range of industries.
LabVantage is expanding its global footprint through strategic growth initiatives in Colombia, Brazil, Korea, and Hong Kong, and has strengthened its capabilities through acquisitions. Saint Infotech. The company’s investments in new technologies, including generative AI, further solidify its leadership in laboratory informatics and provide customers with more intelligent and efficient systems.
