Laboratory information management system developer StarLIMS Technologies Ltd. (Nasdaq:LIMS); TASE: LIMS) said it has been selected by a major biotechnology company for a multi-site project in the customer's laboratories in the US, Europe, and Asia.
The contract value is approximately $4 million, which includes licenses for web-based StarLIMS software, initial consulting and professional services, and first-year maintenance.
Tel Aviv-based StarLIMS said that the project will be the first major implementation of StarLIMS Electronic Notebook, a software solution designed to replace paper notebooks.
Paper notebooks are still widely used in quality assurance and quality control laboratories. The StarLIMS Electronic Notebook is designed to map and digitally enforce processes defined in Standard Operating Procedures (SOP), ensuring that the most current SOPs are adhered to at all times and providing the process traceability needed in regulated industries.
The web-based laboratory information management system (LIMS) will replace the first-generation LIMS currently in use in the customer's laboratories. The StarLIMS solution, which will be implemented at the customer's quality assurance/quality control laboratories in the United States, Europe and Asia, will also provide scientific data management (SDMS) capabilities and electronic laboratory notebook functionality (ELN). StarLIMS COO Jeff Ferguson called the deal a vote of confidence in the firm's product and vision, from one of the world's leading biotechnology companies. Ferguson added, ``StarLIMS's vision is to integrate the information a laboratory creates into a single web-based platform, while providing the means to manage a wide range of laboratory processes and workflows.
In December, StarLIMS won a $3.3 million deal with a government law enforcement agency in the Pacific Rim.
StarLIMS shares closed yesterday at $3.72, giving it a market cap of $31.27 million.
Published by Globes [online], Israel business news - www.globes-online.com - on March 5, 2009
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