GenoLogics Raises $8 Million Strategic Financing Round Led by Illumina
News Dec 27, 2011
GenoLogics, a leading provider of laboratory information management system (LIMS) software specifically designed for next-generation genomics labs, today announced an $8 million round of strategic financing led by new investor Illumina, Inc., a global leader in next-generation sequencing (NGS) instruments. The financing will be used to accelerate product development for future clinical applications and new desktop sequencing systems, and to expand sales and marketing functions. Illumina Senior Vice President and Chief Commercial Officer Tristan Orpin will also be joining GenoLogics’ board of directors.
“This strategic investment in GenoLogics will benefit our mutual sequencing customers,” said Illumina’s Orpin. “We value the unique data management capabilities GenoLogics brings to our customers and the industry.”
GenoLogics and Illumina entered into a worldwide co-selling agreement for the GenoLogics LIMS earlier this year. In September, GenoLogics released the GenoLogics LIMS preconfigured package for Illumina NGS. The GenoLogics LIMS preconfigured package for Illumina NGS allows labs to move into production more quickly by incorporating de facto standards and best practices for NGS implementations.
“The strategic investment by Illumina illustrates our companies’ collective commitment to helping our customers overcome some of the most challenging barriers to next-generation sequencing adoption, namely data management,” GenoLogics CEO Michael Ball said. “Illumina provides important insights to these challenges and we look forward to working jointly with them as we expand our line of innovative, best-in-class LIMS products for next-generation genomics.”
SLIMS Users Can Now Connect to the iSpecimen MarketplaceNews
Genohm and iSpecimen have jointly announced that Genohm has established a partnership with iSpecimen to enable users of the SLIMS laboratory information management system to seamlessly connect to the iSpecimen Marketplace.READ MORE
Ovation and Coriell Life Sciences Partner to Streamline Genetic Reporting WorkflowsNews
Ovation.io, Inc. (Ovation), makers of the fastest-growing clinical laboratory information and commercialization platform, and Coriell Life Sciences, Inc., an innovative provider of clinical genetic reporting solutions, announced a partnership and platform integration designed to create a seamless ecosystem for sample and workflow management, genetic data interpretation, and external client communication.READ MORE
European Commission Pledge €1 Billion For SupercomputersNews
The European Commission have earmarked €1 billion to bring state-of-the-art supercomputers to the EU, in a joint project with EU member states.READ MORE