Insightful Science, the software company enabling the Cloud for Scientific Discovery, announced today that it has completed the transaction to acquire LabArchives.
LabArchives is a widely used research data management application, serving 600,000 scientists in academic, non-profit and commercial organizations. Built as the central information hub in research labs, it automates data capture, enhances collaboration, creates seamless workflows, and improves lab efficiency.
Insightful Science is a growing portfolio of scientific research and data solutions, including GraphPad Prism, SnapGene, Geneious Prime, Dotmatics, and nQuery. Together, the combined company, including LabArchives, forms the world’s largest cloud-based scientific R&D platform with more than 2 million users and 5,000 customers worldwide. LabArchives already integrates with the Company’s current products, GraphPad and SnapGene, providing true end-to-end capabilities unique to a single vendor.
Matt Dunie, Co-Founder and CEO of LabArchives stated: “For many years we have been dedicated to bettering science by becoming the information hub of research labs. It is increasingly clear the best way we can advance this mission is to help researchers facilitate rapid data access and exchange between scientists around the world, and improve efficiency and results. Together with Insightful Science, we can leverage the power and momentum of the broader customer community, users, and products to accelerate this transformation far beyond what we could have achieved on our own. Ultimately this will create more value for our customers and for science.”
Thomas Swalla, CEO of Insightful Science, added: “This is another major milestone in our growth towards building the foundation for an industry-defining organization that has the scale, momentum, and vision to drive meaningful transformation in science. By expanding our portfolio to include LabArchives, we offer the only, true end-to-end cloud-solution for R&D whether you’re in a leading research institution, university or commercial organization. We’re proud to continue to grow our range of solutions made by scientists, for scientists, and show our continued investment in the scientific R&D industry.”
Earl Beutler, Co-Founder and Former Chairman of LabArchives, added: “I am proud that our team has joined a mission-driven company like Insightful Science. I have dedicated my career to creating and building products to best serve the scientific research community. Insightful Science shares these core values. Everyone on our team is excited to be a part of something much bigger, and we look forward to working together to help make the world a healthier, cleaner and better place to live.”
Insightful Science is a privately held portfolio company of Insight Partners, the leading global venture capital and private equity firm investing in high-growth technology and software scale-up companies.
For more information, visit www.labarchives.com and www.insightfulscience.com.
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