Agilent acquires AI technology to raise productivity and accuracy of lab operations

Feb. 17, 2022 9:47 AM ETAgilent Technologies, Inc. (A)By: Dulan Lokuwithana, SA News Editor

word m and a made with wood building blocks, stock image

Maks_Lab/iStock via Getty Images

  • On Thursday, Agilent Technologies (NYSE:A) announced the acquisition of artificial intelligence (AI) technology developed by Virtual Control, a software developer focused on AI and machine learning for lab testing.
  • Following the acquisition, Agilent (A) plans to integrate the software known as ACIES into its chromatography and mass spectrometry (GS/MS) platforms to enhance the efficiency and accuracy of labs served by the company.
  • With the transaction, Agilent (A) has taken ownership of the software and other assets linked to ACIES, and as part of the deal, key personnel in the ACIES team will also join the company.
  • A large-cap player in the life sciences space, Agilent (A) reported $6.3B net revenue in 2021 with ~18% YoY growth, led by ~24% YoY growth Diagnostics and Genomics segment.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.