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News Article | April 17, 2017
Site: cen.acs.org

Thermo Fisher Scientific has acquired Core Informatics, a fast-growing, venture-capital-backed provider of cloud-based scientific data management systems with about 100 employees. Thermo Fisher announced the purchase last week at the Pittsburgh Conference on Analytical Chemistry & Applied Spectroscopy (Pittcon) in Chicago. It underscored the growing importance for instrument makers of systems capable of handling, storing, and manipulating the flood of data from today’s scientific instruments.


News Article | November 25, 2016
Site: www.newsmaker.com.au

Rise in the advanced technologies and rapid innovations healthcare information technology (IT) enables unlock potential for the companies which are striving in healthcare information technology. Laboratory Information Management System (LIMS) have become important tool for moving the information, gathering, decision making, calculation, review, and release the process away from the office and into work place. LIMS is a software based laboratory and information management system which enables support modern laboratory operations. LIMS has its broad range of applications in various fields such as Environmental science, Pharmaceuticals, Petrochemicals. LIMS has provides its applications in sample management, data mining, data analysis, and electronic laboratory network. In pharmaceutical industry LIMS provides enormous applications such as test library included as standard functionality, dissolution, disintegration, dosage uniformity, drug release, product assays and stability module that simplifies stability studies. Biotechnological applications, LIMS assists Research and Development labs by integrating with instrumentation to provide automation to microarrays, gel electrophoresis, gene expression profiling etc. There is a significant difference between LIMS and LIS. LIMS is aimed to process and report data related to batches of samples from biology labs, drug trails, water treatment facilities. LIS designed for process and report the data related to individual patients. Global LIMS market is expected to exhibit a significant CAGR as well as annual growth over the forecast period. Global Laboratory Information Management System market can be influenced by following factors, LIMS provides wide range of applications to biopharmaceutical companies to address the key challenges in drug development process. Due to applications pharmaceutical companies inclined towards LIMS. Laboratories adopted advanced technologies in order to maintain precision and robust functionality specific for bio analysis, in vitro ADME experiments, and discovery R&D and QA/QC R&D. Key restraints include lack skilled professionals to manage advanced technology is major bottleneck for global LIMS market. Global Laboratory Information Management System (LIMS) Market can be segmented as following types Global LIMS market is gaining huge traction due to increasing the demand of LIMS in biopharmaceutical companies and laboratories due to its efficiency and effectiveness. Technological advancements in the laboratory system enables to make significant changes in the market. The LIMS market expected to account a lucrative market as well as robust growth rates over the forecasted period. Laboratory Information Management System (LIMS) market is segmented into seven key regions: Those are North America, Latin America, Eastern Europe, Western Europe, and Asia pacific excluding japan, Japan, Middle East and Africa. North America dominating the LIMS market due to increased awareness among the people towards the innovative technologies to maintain laboratory information. Asian Pacific region market is considered to rapidly evolving healthcare infrastructure, the region is anticipated to unlock the potential of LIMS market over the forecast period. Some of the key players in LIMS Market are Thermo fisher Scientific, Inc., Siemens SA, Perkin Elmer Inc., Labware, Star LIMS (Abbott Laboratories. Abbott Park, U.S.A), Genologics (Illumina, Inc.), Promium LLc. LabLynx Inc., Autoscribe Informatics, Novatek International, Core Informatics etc.


Validated cloud infrastructure brings benefits of the cloud to regulated laboratories, reducing IT costs and providing scalability BRANFORD, Connecticut, Nov. 15, 2016 /PRNewswire/ -- Core Informatics today announced a new validated cloud infrastructure offering, built on Amazon Web Services (AWS), for regulated and GxP customers across industries. The validated cloud infrastructure enables regulated laboratories to experience the cost, scalability, and reliability benefits of AWS's industry-leading cloud infrastructure. The validated cloud infrastructure offering was designed and built by Core Informatics, and runs on the AWS Cloud. The validated cloud offering was built in response to demand from Core Informatics' customers who wanted to be able to experience the benefits of low IT overhead, on-demand scalability, and reduced deployment timelines provided by hosting their lab informatics platform in a validated cloud infrastructure. The new offering includes Installation Qualification (IQ) for the cloud infrastructure that is used to host the Platform for Science, and is complemented by Core's Operational Qualification (OQ) validation services. Regulated labs following GMP, GLP, and GCP currently use validated instances of Core Informatics' Platform for Science on-premises, and will now have a more direct path to the cloud. The validated cloud infrastructure will provide quantifiable time and cost savings to regulated laboratories across industries using the Platform for Science – including Biopharma, Genomics, Crop Science, CPG, and more. "Organizations in the life sciences industry are increasingly turning to cloud infrastructure for the performance, reliability and security the cloud offers," said Steve Halliwell, Director, Healthcare and Life Sciences at Amazon Web Services, Inc. "By providing a reliable cloud infrastructure, Core Informatics is helping regulated labs using Platform for Science deliver innovative and scalable solutions to their customers and we're excited that they've built this solution on the AWS Cloud." "Core Informatics is the first LIMS and ELN vendor to offer a validated cloud infrastructure for secure hosting of sensitive data generated by laboratories and their collaborators," said Josh Geballe, CEO of Core Informatics. "We are proud to expand our existing collaborations with AWS to provide modern technology solutions to regulated clients, who have traditionally had to deploy their validated systems in their own data centers. By using our validated cloud infrastructure clients should see cost savings of up to 80% while enjoying the robust security and reliability provided by the underlying AWS Cloud." Core Informatics is a leader in lab informatics, providing cloud-based scientific data management. Core Informatics partners with customers across the globe to build solutions to derive more value and insight from their data. Founded in 2005, Core Informatics supports customers worldwide from its offices in Branford, CT; Cambridge, MA; San Diego, CA; and London, England. For more information, visit www.coreinformatics.com.


News Article | November 1, 2016
Site: www.prnewswire.co.uk

According to a new market research report "Laboratory Information Management System/LIMS Market by Product (Broad, Industry-specific), Component (Software, Services), Delivery (On-premise, Remote, Cloud) & End User (CROs, CMO, Pharma, Biotech, Chemical, Agriculture, Oil, Gas) - Forecasts to 2021" published by MarketsandMarkets, The global LIMS Market is expected to reach USD 901.6 Million by 2021 from an estimated value of USD 634.0 Million in 2016 growing at a CAGR of 7.3% during the forecast period. Browse 163 market data Tables and 36 Figures spread through 189 Pages and in-depth TOC on "Laboratory Information Management System/LIMS Market" Early buyers will receive 10% customization on this report. This report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW). Factors such as need for regulatory compliance; growing LIMS adoption in biobanks/biorepositories, academic research institutes, CROs, and CMOs; technological advancements; growing R&D expenditure in pharmaceutical and biotechnology companies, and growing awareness through conferences & forums are propelling the growth of this market. Moreover, cloud-based LIMS and potential in emerging geographies are expected to offer a wide range of growth opportunities for the LIMS Market. On the other hand, lack of integration standards and high maintenance cost & service expenses are the major factors that may limit growth of the market to a certain extent. The LIMS Market is segmented on the basis of product type, deployment model, component, industry, and region. Based on product type, the market is segmented into broad-based LIMS and industry-specific LIMS. The broad-based LIMS segment is expected to grow at the highest CAGR, as these systems are user-friendly, reduce total cost of ownership, provide faster return on investment, integrate seamlessly with other laboratory systems, and easily accessible throughout the enterprise. Based on region, the LIMS Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2016, North America is expected to dominate the market, followed by Europe. The LIMS Market in the Asian region is in the nascent stage. However, it is expected to grow at the highest CAGR during the forecast period mainly due to the increasing R&D activities and the development of supporting infrastructure in research laboratories. Prominent players in the Laboratory Information Management System/LIMS Market include Thermo Fisher Scientific Inc. (U.S.), LabWare, Inc. (U.S.), LabVantage Solutions, Inc. (U.S.), Abbott Informatics (U.S.), Core Informatics, LLC (U.S.), LabLynx, Inc. (U.S.), Labworks, LLC (U.S.), GenoLogics (Canada), Computing Solutions, Inc. (U.S.), and Autoscribe Informatics (U.K.). MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan MarketsandMarkets 701 Pike Street, Suite 2175, Seattle, WA 98101, United States 1-888-600-6441 Email: sales@marketsandmarkets.com Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/healthcareit Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


BRANFORD, Conn., Nov. 15, 2016 /PRNewswire/ -- Core Informatics today announced a new validated cloud infrastructure offering, built on Amazon Web Services (AWS), for regulated and GxP customers across industries. The validated cloud infrastructure enables regulated laboratories to...


BRANFORD, Conn. & GREENWICH, Conn.--(BUSINESS WIRE)--Core Informatics, a developer of data management software used to accelerate scientific innovation, today announced it closed a $17.5 million Series B funding led by Oak HC/FT, a premier growth-equity fund focused on healthcare information and financial technology. Existing investors also participated in the funding round. “Drug discovery, molecular diagnostics, and other scientific domains are seeing tremendous transformation and yet the industry still lags in terms of software solutions to support this important work,” said Andrew Adams, a general partner at Oak HC/FT who will join Core’s board of directors. “Core Informatics is closing that gap by bringing the same transformational approach enabled by innovative cloud-based solutions to this market that we’ve seen create tremendous value in other healthcare markets by improving patient outcomes and human health.” “The team at Oak HC/FT has an amazing track record of identifying emerging leaders across numerous segments of the healthcare industry and we are thrilled to welcome their support at this time of our rapid growth,” said Josh Geballe, Core Informatics CEO. “This round of capital will equip us to meet the strong demand for our software solutions and enable more scientific organizations to accelerate their operations and get products to market faster and more efficiently.” Core Informatics has tripled in size in just over a year by providing flexible, web-based solutions to manage and analyze scientific data, automate laboratory workflows and collaborate with external partners. Core’s unique architecture is based on the Platform for Science, a Scientific Platform-as-a-Service available in the Cloud or on-premises, designed to empower users to quickly extend and configure their data management system to meet their evolving workflows without the need for custom coding. Clients can access apps in the Platform for Science Marketplace, to integrate seamlessly with Core Informatics' products, including Core LIMS, ELN, SDMS and Core Collaboration, for customers engaged in all phases of scientific product development and innovation. Core Informatics was recently recognized by Gartner as a “Cool Vendor” and won the Best of Show award at the BioIT World Conference in April, 2015. Core Informatics provides the industry’s leading Scientific Platform-as-a-Service (sPaaS), including web-based LIMS, ELN, SDMS products that help scientists decrease complexity and increase efficiency while automating laboratory workflows and facilitating collaborations to derive more value and insight from their data. With dozens of major companies and thousands of scientists already using its software, Core Informatics has received recognition from industry analysts and publications as a transformational leader in the industry. Founded in 2006, Core Informatics supports customers worldwide from its offices in Branford, CT, Cambridge, MA and London, England. For further information visit www.CoreInformatics.com. Oak HC/FT (http://oakhcft.com/) is the premier venture growth-equity fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”). We are focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, business plan execution and access to our extensive network of industry leaders.


News Article | June 10, 2014
Site: www.finsmes.com

Core Informatics, a Brandford, CT-based provider of data management software which helps accelerate scientific research, collaboration and discovery, raised $5m in Series A equity financing. The round was led by KLP Enterprises. In conjunction with the funding, Elon Boms, Managing Director of Launch Capital, will join Core Informatics’ board of directors. The company intends to use the funds to further scale up software engineering and product development, customer support and sales and marketing. Founded in 2006 and led by Josh Geballe, CEO, Core Informatics provides web-based solutions that allows scientists to reduce research cycle time, automate laboratory workflows, facilitate collaboration and derive more value from their data. The software is used by dozens of major companies and thousands of scientists.


BRANFORD, Conn. & GREENWICH, Conn.--(BUSINESS WIRE)--Core Informatics, a developer of data management software used to accelerate scientific innovation, today announced it closed a $17.5 million Series B funding led by Oak HC/FT, a premier growth-equity fund focused on healthcare information and financial technology. Existing investors also participated in the funding round. “Drug discovery, molecular diagnostics, and other scientific domains are seeing tremendous transformation and yet the industry still lags in terms of software solutions to support this important work,” said Andrew Adams, a general partner at Oak HC/FT who will join Core’s board of directors. “Core Informatics is closing that gap by bringing the same transformational approach enabled by innovative cloud-based solutions to this market that we’ve seen create tremendous value in other healthcare markets by improving patient outcomes and human health.” “The team at Oak HC/FT has an amazing track record of identifying emerging leaders across numerous segments of the healthcare industry and we are thrilled to welcome their support at this time of our rapid growth,” said Josh Geballe, Core Informatics CEO. “This round of capital will equip us to meet the strong demand for our software solutions and enable more scientific organizations to accelerate their operations and get products to market faster and more efficiently.” Core Informatics has tripled in size in just over a year by providing flexible, web-based solutions to manage and analyze scientific data, automate laboratory workflows and collaborate with external partners. Core’s unique architecture is based on the Platform for Science, a Scientific Platform-as-a-Service available in the Cloud or on-premises, designed to empower users to quickly extend and configure their data management system to meet their evolving workflows without the need for custom coding. Clients can access apps in the Platform for Science Marketplace, to integrate seamlessly with Core Informatics' products, including Core LIMS, ELN, SDMS and Core Collaboration, for customers engaged in all phases of scientific product development and innovation. Core Informatics was recently recognized by Gartner as a “Cool Vendor” and won the Best of Show award at the BioIT World Conference in April, 2015. Core Informatics provides the industry’s leading Scientific Platform-as-a-Service (sPaaS), including web-based LIMS, ELN, SDMS products that help scientists decrease complexity and increase efficiency while automating laboratory workflows and facilitating collaborations to derive more value and insight from their data. With dozens of major companies and thousands of scientists already using its software, Core Informatics has received recognition from industry analysts and publications as a transformational leader in the industry. Founded in 2006, Core Informatics supports customers worldwide from its offices in Branford, CT, Cambridge, MA and London, England. For further information visit www.CoreInformatics.com. Oak HC/FT (http://oakhcft.com/) is the premier venture growth-equity fund investing in Healthcare Information & Services (“HC”) and Financial Services Technology (“FT”). We are focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation, business plan execution and access to our extensive network of industry leaders.


News Article | July 7, 2015
Site: www.finsmes.com

Core Informatics, a Branford, CT, Cambridge, MA and London, England-based developer of data management software used to accelerate scientific innovation, closed a $17.5m Series B funding. The round was led by Oak HC/FT, with participation from existing investors. Andrew Adams, a general partner at Oak HC/FT, will join Core’s board of directors in conjunction with the funding. The company intends to use the funds to expand operations. Led by CEO Josh Geballe, Core Informatics provides web-based solutions to manage and analyze scientific data, automate laboratory workflows and collaborate with external partners. Core’s architecture is based on the Platform for Science, a Scientific Platform-as-a-Service available in the Cloud or on-premises, designed to allow users to extend and configure their data management system to meet their evolving workflows without the need for custom coding. Clients can also access apps in the Platform for Science Marketplace, to integrate with the company’s products, including Core LIMS, ELN, SDMS and Core Collaboration.


News Article | October 31, 2016
Site: www.newsmaker.com.au

Electronic lab notebook (ELN) are computer applications which performs functions of laboratory notebooks digitally. With the help of ELN, data is captured and recorded with better accessibility and security. It helps to achieve better efficiency with lower costs. ELN services are been offered on premise and are preferred by many organizations because the data is kept within their own firewall and is been considered more secured mode for data storage. Many ELN supplier are now providing ELN services hosted as Software as a Service (SaaS) through cloud where the service is offered on a subscription model by the vendors and can be accessed by any device from any location by the user. The market is in its infancy stage but growing number of engineers, technicians and scientists have started using the application and is expected to attract more number of users because of its advantages over on premise ELN services where various functionalities are been managed by vendors such as performing periodic system backups, software up gradation, server support etc. Access to data is allowed to allotted user where the data can be encrypted by signatures and passwords so as to make portability of the service more convenient without compromising on the security of the data. Segmentation of cloud ELN market on the basis of mode of deployment: Public Cloud:Public cloud supports multiple users with single code basis and since many clients can be supported by the same systems, these services are cost effective because the overall costs are been distributed over larger set of users. Also since there is no requirement for hardware’s such as servers and networking devices, the service requires no investment. Although public cloud hosted ELN services are suffered by certain drawbacks such as lack of customization for individual users, high risk on data security etc. but will be in demand from medium and small scale organizations, research firms, individual doctors, scientists, technicians etc. In private or hosted cloud, service providers hosts the application for limited number of users where the applications are been supported individually and no other user share the same code. The host manages other operations such as backup and data security. Private clouds although suffer by performance issues because the same hardware supports all the clients on distributed systems, corporate organization are expected to choose private over public cloud because of customized applications and better data security. Segmentation of cloud ELN market on the basis of usage in different industries: On the basis of usage cloud ELN can be segment into corporate, academics & research, government and other sectors. Corporate, academic and research usages are expected to contribute maximum because these sectors are expected to use the technology in its nascent stage as they are been considered early adaptors compared to government sector who are expected to use cloud based ELN services at a later stage because this sector is more hesitant in using any new technology offered in the market and normally follows any technology only after it has been adopted by the corporate sector. On the basis of geography, global cloud ELN market can be segmented into four key markets namely North America, Europe, Asia and rest of the world. North America is expected to dominate market for cloud ELN among all the regions. USA in particular is expected to account for largest share in cloud ELN market and is expected to grow at highest CAGR. Europe market for cloud ELN trails behind the North American market. With increasing healthcare, research and IT developments, Asia-Pacific provides lucrative opportunities for the cloud ELN market.  In rest of the world, countries belonging to Latin America and East Asia are expected to contribute more because of increasing healthcare and IT industry. Increasing adoption of cloud computing services in healthcare and research fields will motivate more users to move towards ELN and cloud ELN because of their latent advantages over paper based lab notebooks such as data security, portability, accuracy of the data, cost effectiveness etc. In today’s scenario where most of the records in the fields of healthcare and research are been stored on servers instead of traditional paper based storage systems, more and more users will be attracted towards benefits offered by cloud based ELN services. ELN offered as public cloud is expected to attract more individual users because of its cost effectiveness which is expected to come down further with increasing number of users for the same shared service. Acceptance of SaaS for keeping confidential data such as patent related information in the cloud can be challenging task for the users who will fear from data security issues and can be a major restrain for cloud based ELN services. Although the benefits far outweigh the drawbacks but data security is one such fear which will be difficult to overcome for the users. Resistance to change can be a restrain for the market as users have been using paper lab notebooks from a long time and may show reluctance in using cloud ELN. Even on premise based ELN services can be a substitute for cloud ELN and will be preferred by corporate and government agencies who are quite critical about data security. Some of the major companies offering Cloud ELN services are PerkinElmer, Dassault Systèmes, Core Informatics, Arxspan and Biovia. Many a companies are offering on premise ELN as well as cloud supported ELN both so as to meet the demands of varying set of customers. Cloud ELN being in its nascent stage is expected to drive the demand more after few years compared to on premise ELN.

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