Abbott has completed its $123 million acquisition of STARLIMS Technologies Ltd., a leader in laboratory information management systems.

The acquisition provides Abbott with leading 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 advanced 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.

“STARLIMS gives us access to innovative technologies and technical expertise for our long-term strategy in laboratory informatics,” said Edward L. Michael, executive vice president, diagnostics products, Abbott. “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.”

Date: March 22, 2010
Source: Abbott