PHILADELPHIA, Penn. (June 02, 2008) - Thermo Fisher Scientific Inc., the world leader in serving science, announced today that it has been presented with two 2008 Frost & Sullivan Best Practices awards for Market Leadership and Competitive Strategy Leadership in Informatics. Frost & Sullivan has recognized the company for its significant accomplishments in the development of a portfolio of technologically advanced purpose-built Laboratory Information Management Systems (LIMS) products.
According to the recent Frost & Sullivan analysis, Thermo Fisher's North American market share was nearly 12 percentage points greater than its nearest competitor. Thermo Fisher has maintained its market leadership position since 2005, highlighting the company's ability to continue to capture and grow market share in a highly competitive marketplace.
The receipt of the 2008 Best Practice Award for Competitive Strategy Leadership, in addition to the award for Market Leadership, is recognition of the company's strength in delivering continuous value to its customer base. "Long the leader in the LIMS market, Thermo Fisher continues to shine as the most recognized brand name for LIMS solutions. With one of the largest portfolios of LIMS products worldwide and an unparalleled reputation for incorporating customer feedback into product updates, Thermo Fisher undisputedly serves as the gold standard for purpose-built LIMS, making Thermo Fisher the ideal recipient of the Market Leadership and Competitive Strategy Leadership Awards in 2008," says Frost & Sullivan.
Thermo Fisher's Market Leadership and Competitive Strategy are exemplified by its customer base. In addition to 19 of the top 20 global pharmaceutical companies, Thermo Scientific LIMS are employed by the world's leading companies in the oil & gas, chemicals, environmental, food & beverage, forensics, metals & mining, waste water and many other industries. Given the flexibility of Thermo Scientific LIMS, industry giants, such as BP, Dow, Abbott Labs, Quaker, AstraZeneca and Pfizer Inc. utilize Thermo Scientific LIMS.
Thermo Fisher's dedication to increasing laboratory efficiency while lowering the total cost of LIMS ownership has earned the company the leadership position in the LIMS market. In recognition of the company's sustained market leadership position and commitment to providing fully integrated laboratory workflow solutions, Frost & Sullivan recognizes Thermo Fisher Scientific with the 2008 Best Practice Awards for Market Leadership and Competitive Strategy Leadership. For more information about the awards and Thermo Scientific informatics solutions, please visit www.thermo.com/informatics, call +1 866-463-6522, or e-mail firstname.lastname@example.org.
To learn more about Frost & Sullivan's Best Practices Awards program, visit www.awards.frost.com.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. With annual revenues of $10 billion, we have more than 30,000 employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental and industrial process control settings. Serving customers through two premier brands, Thermo Scientific and Fisher Scientific, we help solve analytical challenges from routine testing to complex research and discovery. Thermo Scientific offers customers a complete range of high-end analytical instruments as well as laboratory equipment, software, services, consumables and reagents to enable integrated laboratory workflow solutions. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare , scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com.