GenoLogics Raises $8 Million Strategic Financing Round Led by Illumina

VICTORIA, British Columbia, Oct 20, 2011 (BUSINESS WIRE) -- GenoLogics, a leading provider of laboratory information management system (LIMS) software specifically designed for next-generation genomics labs, today announced an $8 million round of strategic financing led by new investor Illumina, Inc., a global leader in next-generation sequencing (NGS) instruments. The financing will be used to accelerate product development for future clinical applications and new desktop sequencing systems, and to expand sales and marketing functions. Illumina Senior Vice President and Chief Commercial Officer Tristan Orpin will also be joining GenoLogics' board of directors.

"This strategic investment in GenoLogics will benefit our mutual sequencing customers," said Illumina's Orpin. "We value the unique data management capabilities GenoLogics brings to our customers and the industry."

GenoLogics and Illumina entered into a worldwide co-selling agreement for the GenoLogics LIMS earlier this year. In September, GenoLogics released the GenoLogics LIMS preconfigured package for Illumina NGS. The GenoLogics LIMS preconfigured package for Illumina NGS allows labs to move into production more quickly by incorporating de facto standards and best practices for NGS implementations.

"The strategic investment by Illumina illustrates our companies' collective commitment to helping our customers overcome some of the most challenging barriers to next-generation sequencing adoption, namely data management," GenoLogics CEO Michael Ball said. "Illumina provides important insights to these challenges and we look forward to working jointly with them as we expand our line of innovative, best-in-class LIMS products for next-generation genomics."

About GenoLogics

GenoLogics is a leading provider of laboratory information management system (LIMS) software specifically designed for next-generation genomics labs. The GenoLogics LIMS delivers end-to-end management of genomics laboratory samples, tests and results. GenoLogics began developing its LIMS in 2003, delivered its first LIMS to a genomics lab in 2007, and delivered its first LIMS for next-generation sequencing in 2009. GenoLogics is uniquely qualified to meet the present and future information management needs of the next-generation genomics laboratory by delivering a LIMS that is scalable, adaptable and useable. Privately held GenoLogics is based in Victoria, British Columbia. Its customers and partners are among the leading academic institutions and instrumentation companies worldwide. More information at .

SOURCE: GenoLogics

Racepoint Group on behalf of GenoLogics
Susan Thomas, 619-540-9195
[email protected]
Tanis MacSween, 250-483-7063
Manager, Marketing Communications
[email protected]