M&A Deal Summary

LabWare Acquires CompassRed

On March 1, 2022, LabWare acquired information technology company CompassRed

Acquisition Highlights
  • This is LabWare’s 1st transaction in the Information Technology sector.
  • This is LabWare’s 1st transaction in the United States.
  • This is LabWare’s 1st transaction in Delaware.

M&A Deal Summary

Date 2022-03-01
Target CompassRed
Sector Information Technology
Buyer(s) LabWare
Deal Type Add-on Acquisition

Target

CompassRed

Wilmington, Delaware, United States
CompassRed is an artificial intelligence company that has depth and experience across multiple industries, covering a wide range of solutions and domains. CompassRed is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

LabWare

Wilmington, Delaware, United States

Category Company
Founded 1988
Sector Information Technology
DESCRIPTION

LabWare is a provider of Laboratory Information Management Systems (LIMS) and instrument integration software products. The company's Enterprise Laboratory Platform combines the award-winning LabWare LIMS and LabWare ELN, which enables its clients to optimize compliance, improve quality, increase productivity, and reduce costs. LabWare was founded in 1988 and is headquartered in Wilmington, Delaware.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Delaware) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1