Palo Alto, Calif. — May 19, 2008 — Based on its recent analysis of the U.S. laboratory information management systems (LIMS) market, Frost & Sullivan recognizes Thermo Fisher Scientific with the 2008 North American Frost & Sullivan Award for Market Leadership for its commitment to innovation and growth.
Thermo Fisher's leadership position in the market is widely recognized by LIMS end-users and LIMS vendors. The company has maintained its market leadership position for several years and, accordingly, was the recipient of the 2005 Frost & Sullivan Award for Market Leadership. Repeat selection for the Market Leadership Award highlights Thermo Fisher's unrivaled ability to capture and grow its market share.
Often considered the gold standard for purpose-built LIMS, Thermo Fisher is one of the most recognized companies in the market and has an unparalleled reputation for incorporating customer feedback and for deploying their systems at many of the top global organization around the world. In 2007, it held approximately 28.7 percent of the total U.S. LIMS market with its products and services generating revenues millions of dollars more than its nearest U.S. market competitor.
Thermo Fisher's market leadership is exemplified by its customer base. In addition to 19 of the top 20 global pharmaceutical companies, key players in the world's leading industries are using Thermo Scientific LIMS, including: oil & gas, chemicals, environmental, food & beverage, forensics, metals & mining, and waste water.
Within the realm of life sciences in particular, Thermo Scientific LIMS solutions have an obvious fit for multiple workflows. The company offers its customers the broadest portfolio in laboratory informatics that is backed by an organization dedicated to helping customers increase laboratory efficiency while lowering the total cost of LIMS ownership.
"The company's purpose-built LIMS applications for tightly integrated workflows are the cornerstone of the life sciences laboratory," says Frost & Sullivan Research Analyst Jonathan Witonsky. "Products such as Thermo Scientific Watson, Nautilus, Galileo, Darwin and SampleManager have become familiar components of life sciences laboratories because they facilitate the smooth transition from discovery to manufacturing with LIMS for target identification and validation, ADME-Tox, pharmacokinetic and pharmacodynamic analysis, formulation, and release testing."
Thermo Fisher has a clear advantage in that it provides scientific solutions from laboratory consumables to analytical equipment and software, Thermo Fisher's status as the "world leader in serving science" further strengthens its place in the LIMS Market.
"As customers look to build entire laboratories, Thermo Scientific LIMS play a critical role in solidifying the Thermo Scientific brand as the premier source for integrated laboratory workflow solutions," says Witonsky.
Overall, Thermo Fisher has enabled laboratories across multiple industries with innovative and purpose-built LIMS solutions. In recognition of its sustained market leadership position and commitment to providing fully integrated laboratory workflow solutions, Thermo Fisher Scientific is the worthy recipient of the 2008 Frost & Sullivan Award for Market Leadership in the U.S. LIMS Market.
Each year Frost & Sullivan presents this Award to the company that has exhibited market share leadership through the implementation of market strategy. The recipient has displayed excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. For more information about the Award and to download the Frost & Sullivan write-up, please visit www.thermo.com/informatics.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With annual revenues of $10 billion, we have more than 30,000 employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.awards.frost.com.