Thermo Electron Corporation Is Honored With Frost & Sullivan's Award For Market Leadership In Laboratory Informatics
PALO ALTO, Calif., Dec. 5 /PRNewswire/ -- Frost & Sullivan has selected Thermo Electron Corporation as the recipient of the 2005 Frost & Sullivan Award for Market Leadership based on its recent analysis of The U.S. Laboratory Information Management Systems (LIMS) Market. The Award recognizes Thermo for its leading market share, expanding operations and product innovation in laboratory informatics software.
Thermo effectively serves its customers with leadership in over seven major LIMS solutions. By utilizing its complete product spectrum, Thermo has the ability to meet customer demand for a variety of applications within a laboratory. This is evident from its 22 percent hold in the U.S. LIMS market. Thermo's multifaceted product offering creates a strong sales platform for the company to leverage its LIMS and chromatography data systems (CDS) among existing and new client accounts.
"Thermo has leading LIMS solutions for applications such as bioanalytics in drug development studies, in-vitro metabolism studies, pharmacokinetic/pharmacodynamic studies, and quality control/quality assurance, as well as an enterprise solution for process industries," says Frost & Sullivan research analyst Jessica Shah. "This multifaceted offering, enhanced by product innovation, service excellence, and outstanding end-user training, has earned Thermo Electron Corporation its leadership position in the U.S. LIMS market."
Thermo's dominance in the LIMS market was amplified through its 2004 acquisition of InnaPhase Corporation, a formidable force in the LIMS industry. As a result of this acquisition, Thermo dramatically increased its already leading market share within the LIMS market worldwide. This strategic acquisition enabled Thermo to penetrate bioanalytical laboratories, thereby strengthening its pharmaceutical LIMS product line, as well as extend its focus on developing commercial-off-the-shelf software solutions.
For its excellence in addressing and solving the LIMS market challenges, and for implementing market strategies, Frost & Sullivan presents Thermo Electron Corporation with the 2005 Award for Market Leadership in the U.S. LIMS market.
Each year Frost & Sullivan presents this Award to a company that has exhibited market share leadership through the implementation of market strategy. The Award lauds excellence in all areas of the market leadership process -- identification of industry challenges, market drivers and restraints, as well as strategy development and methods of addressing these market dynamics.
About Thermo Electron Corporation
Thermo Electron Corporation is the world leader in analytical instruments. Our instrument solutions enable our customers to make the world a healthier, cleaner and safer place. Thermo's Life and Laboratory Sciences segment provides analytical instruments, scientific equipment, services and software solutions for life science, drug discovery, clinical, environmental and industrial laboratories. Thermo's Measurement and Control segment is dedicated to providing analytical instruments used in a variety of manufacturing processes and in-the-field applications, including those associated with safety and homeland security. Based near Boston, Massachusetts, Thermo has revenues of approximately $2.7 billion, and employs approximately 11,000 people in 30 countries. For more information, visit http://www.thermo.com .
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com .
Contact: Stacie Jones 210.247.2450 Stacie.jones@frost.com
Frost & SullivanCONTACT: Stacie Jones of Frost & Sullivan, +1-210-247-2450, orStacie.jones@frost.com