GSG GENII Software Group (“GENII”) today announces that it has completed the acquisition of iVention. iVention provides laboratories in a wide range of industries with its powerful and flexible iVention Lab Execution System (iLES), a software system designed specifically for and around the laboratory process. Based in Zwolle, The Netherlands, iVention deploys its solutions via its Cloud Based Laboratory Automation Platform that combines all essential lab automation features in a single system.
As the ultimate laboratory management tool iLES improves efficiency and quality by streamlining workflows and managing and computerizing both research and routine work – even in highly regulated environments. With iLES, laboratories benefit from automatic updates, unlock real-time information, ensure data integrity and regulatory compliance, while saving time and cost by efficient process automation and reduced manual data handling.
iVention becomes part of GENII’s Laboratories business unit, joining other specialists such as ICD, Blomesystem, Dorner and Melos as GENII continues to build out its clinical and non-clinical software solutions for the laboratory sector. As part of a larger Laboratories business, iVention will leverage GENII’s Laboratories customer base and geographical footprint, receiving investment to achieve its ambition of becoming a global top 5 LIMS solution provider, competing directly with incumbent players and winning market share as the modern application of choice.
Oscar Kox, iVention CEO, said, “We are delighted to join GENII and its Laboratories team. GENII is very committed to this sector, and the opportunity to become part of this, utilising our iLES technology platform across this vertical is very exciting. I believe we are stronger together, and our combined industry expertise and best-in-class product will enable us to shape the advanced, automated technology era for labs over the coming years.”
Matthias Siekmann, Group CEO, GENII, stated, “Our acquisition of iVention further progresses GENII’s strategy of being the best home for market-leading, niche enterprise software businesses. We will make a strong push with our combined laboratory assets to change the lab automation world and are committed to establish iVention as a globally leading product with the most modern technology – future-proofed and financially backed by GENII.”
About iVention
iVention provides iLES as a Cloud Based Laboratory Automation Platform. Tightly integrated, state of the art Laboratory Information Management Systems (LIMS), Electronic Laboratory Notebooks (ELN), Scientific Data Management Software (SDMS) and Collaboration solutions to customers across multiple industries. Please visit www.ivention.nl and https://hs.iles.cloud/en/the-iles-platform
ABOUT GENII SOFTWARE GROUP
GENII Software Group provides market-leading, industry specific software solutions and services, explicitly developed to meet the needs of mid-sized businesses and public services. We pride ourselves in our industry knowledge and personal customer relationships, being their trusted partner and expert advisor as we guide our customers through digitalization, ensuring they are future proofed for success in an ever-changing business environment. GENII is based in Munich and is backed by funds advised by Bregal Unternehmerkapital and Elvaston.
GENII consists of five vertical business units – Manufacturing, Retail, Distribution, Public Services and Laboratories – consisting of niche, expert businesses principally focussed on European markets, especially the DACH region, Nordics, Benelux, and Italy. For more information please visit www.gsg-genii.com
