July 20, 2017
Accenture Completes Acquisition of LabAnswer, Expands
Ability to Improve the Discovery of New Products through Accenture Scientific Laboratory Informatics
NEW YORK; July 20, 2017 – In a move to provide organizations with more comprehensive scientific informatics capabilities, Accenture (NYSE: ACN) has completed its acquisition of LabAnswer, a leading U.S.-based research and laboratory informatics technology consulting firm.
The acquisition, which was first announced on June 1, 2017, enhances Accenture’s ability to apply digital technologies to revolutionize scientific and laboratory processes across a variety of industries and spanning the entire product lifecycle. It also coincides with the launch of Accenture Scientific Informatics Services, which combines LabAnswer’s scientific and laboratory informatics expertise with Accenture’s strategic and business consulting capabilities, industry platforms, innovation approach and global scale.
Leveraging digital technologies such as automation, artificial intelligence, Internet of Things, analytics and cloud, in combination with a fundamental redesign of the scientific user experience, Accenture Scientific Informatics Services helps organizations better capture, manage, integrate and analyze complex scientific data. This can improve the discovery and manufacturing of new products, improve quality, ensure compliance, reduce time to market and improve operational efficiency.
Completing the acquisition of LabAnswer dramatically increases the breadth of our R&D and manufacturing capabilities and enables us to be a leading provider of scientific and laboratory consulting and technology services to a variety of innovation-based industries and government agencies,” said Brad Michel, a managing director in Accenture’s Life Sciences practice and lead for Accenture Scientific Informatics Services. “We are very excited to welcome the LabAnswer team to Accenture. Together, we will help our clients innovate and transform their operations by streamlining scientific processes from early stage research through development and onto manufacturing and quality control, with the ability to partner from the earliest stages of strategic planning through to implementation and support.”
Founded in 1990 with approximately 250 employees, LabAnswer is a privately-held and a leading laboratory informatics consultancy specialized in providing independent insights for the design, build, deployment, externalization and ongoing support of enterprise scientific data solutions. Headquartered in Sugar Land, TX, it serves clients in several industries in addition to life sciences, including consumer goods, resources, chemicals, energy and government. LabAnswer provides services to support scientific and laboratory functions in the research, quality and manufacturing functions of organizations in these industries.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 411,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
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