$100 Million in Research Requests Processed through iLab

Lab Solutions (iLab), the leader in core facilities management software, announced today that more than $100 million in scientific requests have been processed through its web-based platform.

iLab’s Software-as-a-Service (SaaS) management tool is designed to support core facilities at universities, hospitals, independent institutes, and government labs. “Reaching the $100 Million milestone is a tremendous validation of the partnerships we have built with research organizations around the world,” said Tad Fallows, iLab Solutions CEO. “With federal and state governments demanding that research institutions deliver more but where fewer resources are available, minimizing the administrative burden, maximizing utilization, and streamlining billing are more important than ever to our customers.”

The volume of orders processed through the iLab platform is a direct reflection of the rapid growth in iLab’s customer base. The Boston based software firm works with more than 400 core facilities at over 40 research institutions worldwide, and in 2011 reported its fourth consecutive year of triple-digit growth. In 2011, iLab also reported a positive cash flow and an expansion of its team to 30 employees, including full-time staff in Canada and Europe.

iLab Solutions is the leader in providing web-based core facility management services to academic research institutions. The functionality includes request management, equipment reservation and usage tracking, project tracking, billing and invoicing, and reporting. iLab has extensive experience providing enterprise-level solutions at major research institutions, including integrations with institutional financial systems (e.g., SAP, Oracle, PeopleSoft, Lawson, Banner, IFAS, etc.) and identity management systems (e.g., Active Directory, LDAP, Shibboleth, etc.) iLab’s dedicated implementation team and full customer support result in high adoption rates.

More information on the iLab system can be found at http://www.ilabsolutions.com.