Frost & Sullivan assessed the laboratory information management systems (LIMS) industry and, based on its findings, recognizes LabVantage Solutions with the 2024 Global Company of the Year Award. A leading provider of comprehensive laboratory (lab) informatics platforms, LabVantage Solutions offers differentiated, value-added solutions to transform data into knowledge and empower laboratories to address emerging business challenges and capitalize on future opportunities. The company helps customers streamline laboratory processes, manage data, and integrate systems to improve workflow efficiency. It has established itself as a leading LIMS provider globally and was recognized as the highest-ranking LIMS vendor in growth and innovation in Frost & Sullivan’s first Frost Radar™ report for LIMS in 2023 and 2024.
LabVantage LIMS is an enterprise platform serving the full product life cycle. The cornerstone of the company’s offerings, it is consistently developed to meet and exceed industry standards by integrating cutting-edge features and enhanced functionalities. LabVantage LIMS can minimize manual errors, support rapid upgrades, reduce infrastructure costs, and boost resource management.
LabVantage Solutions’ strategic partnerships, specialized solutions, and regulatory compliance improve data security and serve various industries, including pharmaceuticals, biotechnology, food and beverage, oil and gas, forensics, academia, and the public sector. The company also offers a unique, comprehensive solution that combines nearly four decades of innovation and industry expertise into an ever-evolving, transformative platform. Built on a solid, technologically advanced foundation that is 100% web browser-based, it uses nonproprietary code for ease of maintenance and no-code configurability.
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During the past decade, the LabVantage Solutions platform has expanded from specific capabilities to a broader integrated suite that includes an electronic lab notebook (ELN), lab execution system (LES), scientific data management system (SDMS), and customer portal. LabVantage Solutions’ Software-as-a-Service (SaaS), a major growth initiative, enables customers to reduce their IT burden while keeping up to date with rapidly evolving capabilities. The platform’s evolution has contributed significantly to new business wins, aligning with the company’s growth trajectory and allowing faster deployment, enriched features, and enhanced customer experiences.
Lucila Martin, healthcare and life sciences research analyst at Frost & Sullivan, observed: “LabVantage distinguishes itself with an extensive product lineup, smooth integration capabilities, and dedication to facilitating digital transformation in laboratories. Given the early and strategic growth of SaaS as part of its business, the company enhances its ability to capitalize on LIMS market trends and opportunities.”
The adaptability of the LabVantage LIMS platform allows customers to select and implement specific modules according to their needs with the flexibility to scale usage as required. LabVantage Solutions’ global presence and corporate customer base of more than 1,500 organizations highlight its ability to adapt and excel within the competitive life sciences sector. In 2024, the company achieved more than 100 software deployments across the pharma, biotechnology, and healthcare industries, leading to significant improvements in operational productivity. Its ability to deliver comprehensive solutions and leverage cutting-edge research ensures that LabVantage Solutions remains at the forefront of scientific advancements while continually improving its offerings.
SOURCE: PRNewswire