Francisco Partners, a global investment firm that specializes in partnering with technology businesses, has signed a definitive agreement to acquire the Starlims informatics product suite and related business assets from Abbott. Abbott is a global healthcare company with businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines.
“The Starlims technology is a leader in data and workflow management for laboratories across the globe. With the constantly changing landscape of quality manufacturing coupled with substantial industry tailwinds, we believe the business is well positioned for continued growth as it supports its customers through the entire product lifecycle from R&D and trials through manufacturing and compliance,” said Ezra Perlman, co-president of Francisco Partners. “We are excited to support Starlims in its next phase of growth, and we look forward to helping the business further evolve its innovative product suite to meet the needs of its customers while maintaining its industry-leading safety and compliance standards.”
“As a global leader in laboratory informatics, the Starlims business brings organizations a set of solutions that helps laboratories deliver safe, high quality products on-time and on-budget to ultimately fuel growth,” said Ali Evans, vice president at Francisco Partners. “For more than a decade, Starlims has thrived within Abbott’s informatics business, and we are excited to partner with the employees and customers to further build on a history of leadership with the Laboratory Information Management System industry.”