Zurich, Switzerland, May 31, 2018 (GLOBE NEWSWIRE) -- Corum Group International, the leading M&A advisory firm for software and related technology companies, today announces that its client, Genohm, has been acquired by Agilent Technologies. Genohm’s software solutions for laboratory management, enhance Agilent’s software portfolio for laboratories.
Genohm is the maker of the SLIMS laboratory software automation suite, a digital platform that provides laboratories with a rapidly deployable and seamless laboratory information management system (LIMS) and electronic lab notebook (ELN) environment. Genohm also has an application marketplace with preconfigured workflows to enable rapid system implementation across a broad range of industries and scientific workflows.
"We were impressed with the team and the technology," said John Sadler, Vice President and General Manager of Agilent's Software and Informatics Division. "The modern architecture of SLIMS is perfectly aligned with the values of Agilent's OpenLab products."
“Corum’s negotiation ‘weight’ and diplomacy skills have added a lot to the process, not only in terms of price, but also in terms of (relative) peace and quiet,” said Genohm Chairman Jan Van den Berghe.
Jon Scott, Managing Director of Corum Group International, spoke about the deal during the May Tech M&A Monthly webcast: “We really enjoyed working with Frederik and his team, and we were impressed with their expertise in the operation of these types of labs. This is a great example of how a small and fast growing software company can provide real value for billion-dollar companies.”
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and Internet companies worldwide. With offices globally, Corum has completed over US $7 billion in software M&A transactions over the last 30 years, spanning six continents. Corum also educates the industry with its popular conferences and publishes the most widely distributed software M&A research. Corum's M&A advisors are highly experienced former tech CEOs, who are supported by the industry's leading researchers, writers and valuators. Corum also does much to educate the industry with its conferences and webinars and the industry's most widely distributed software and IT M&A research.
Genohm, originally founded in Ghent (Belgium) in 2002 as a small two-person bio-informatics shop, re-established itself in 2011 as an EPFL Start-Up at the Innovation Park in Lausanne (Switzerland), focusing on guaranteeing compliance, traceability and big lab data management in highly complex and continuously evolving lab environments. With the successful launch of its main laboratory software automation suite, SLIMS, Genohm officially entered the lab informatics market, proudly serving a rapidly growing set of customers in widely varying research and clinical environments throughout Europe, the Middle East, Asia Pacific and the US. Today, Genohm has offices in Lausanne, Ghent, and Durham NC and counts a workforce of 40+ highly trained software and life sciences engineers. Information about Genohm is available at www.genohm.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in life sciences, diagnostics, and applied chemical markets. With more than 50 years of insight and innovation, Agilent instruments, software, services, solutions, and people provide trusted answers to its customers' most challenging questions. The company generated revenues of $4.47 billion in fiscal 2017 and employs 14,200 people worldwide.
We worked with the Corum team from start to finish, beginning with the management of our response to the unsolicited approach from a non-European buyer, to positioning of the company and on to introducing it to other potential acquirers around the globe, to negotiating the various proposals and through to closing. Corum was paramount in getting our transaction done.