Guildford, UK, June 10 2008 - IDBS, a provider of drug discovery data management solutions, is proud to be awarded the 2008 Frost & Sullivan European Bioinformatics Service Differentiation Innovation Award.
Analysts from Frost & Sullivan perform extensive market research in order to determine potential award recipients. Their research indicated that: ‘IDBS provides real value to the life sciences industry through its consulting services.' By enabling the companies in the life sciences market to integrate research and business data, IDBS is helping organizations to make intelligent business decisions in a market that is characterized by budgetary restrictions and strong competition.
IDBS' willingness to partner with pharmaceutical and biotechnology companies to achieve scientific and business excellence, and the contribution of its highly skilled staff who possess extensive scientific and IT expertise, were identified as two key differentiators that have helped IDBS achieve an average of 15 per cent growth per year in a highly competitive and fragmented market.
"ID Business Solutions Ltd (IDBS) with its innovative range of product services has demonstrated a strong understanding of the bioinformatics market," notes Frost & Sullivan analyst E. Sujith. "With a highly service-oriented model, IDBS displays its commitment to give real value to its customers. Beyond its superiority in various product solutions, the range of services catering to the life sciences industry makes IDBS a worthy recipient of this award."
Neil Kipling, founder and CEO of IDBS, commented: "We at IDBS are very honored to be given this prestigious award. We would also like to take this opportunity to thank all our customers for their continued support and loyalty."
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
The Frost & Sullivan Award for Service Differentiation Innovation is presented each year to the company that has best demonstrated the ability to develop and/or advance services with more innovative capabilities than competing vendors and services. This award recognises the company's successful adoption of new or existing services that have become part of a well-designed services family. Such innovation is expected to significantly contribute to the industry in terms of product performance and degree/rate of technical change.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
IDBS is a leading provider of integrated software solutions to the life sciences industry. Maximising the value of research data by enabling organisations to capture, store, share and use data efficiently and effectively, whilst protecting intellectual property across the spectrum of discovery activities.
Headquartered in Guildford, UK, IDBS has U.S. offices in California, New Jersey and Massachusetts. IDBS partners with CTC Laboratory Systems in Japan and a network of distributors to market IDBS products and services in Asia. Founded in 1989, IDBS employs more than 150 people worldwide.
Glyn Williams, IDBS
VP Marketing and Product Management
IDBS, 2 Occam Court, Surrey Research Park
Guildford, Surrey GU2 7QB, UK
Tel: +44 (0) 1483 595010
Fax: +44 (0) 1483 595001
Email: info@idbs.com
Danielle Guinebertiere, IDBS Communications Director
Tel: +1 908 429 2933
Email: dguinebertiere@idbs.com
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Bloor Research