The acquisition will enable Agilent to offer a more comprehensive suite of workflow solutions to its life science customers in the pharmaceutical, biotech and academic research markets. Velocity11 designs, manufactures and markets robotic solutions that range from standalone instrumentation to bench-top automation solutions to large, multi-armed robotic systems. The company also develops world-class software to control the robotics. Velocity11's technology will strengthen Agilent's offering of automated sample-preparation solutions across a broad range of applications.
"Velocity11 is a market leader in lab automation with a solid reputation for innovative technology, quality products and superb customer service," said Nick Roelofs, vice president of Agilent's Life Science Systems and Solutions Unit. "Together, we can offer customers a comprehensive set of workflow solutions with increased levels of automation, which can help speed drug discovery and genetic research. When the acquisition is final, customers will continue to experience the same personalized customer service they've come to expect from Velocity11, with the addition of Agilent's strong network of global service and support."
"We are very excited to be joining Agilent and to have found a company with such a complementary culture, product line, commitment to customer satisfaction and vision for providing complete automated workflow solutions," said Rob Nail, Velocity11's CEO. "The ability to leverage Agilent's global infrastructure and deep applications focus will allow us to continue to improve the services we provide our customers, innovate in new directions, and rapidly expand our reach worldwide."
Agilent is offering jobs to substantially all of Velocity11's approximately 150 employees worldwide. Headquartered in Menlo Park, Calif., Velocity11 has a second office in Melbourn, Hertfordshire, U.K., with field sales and support offered throughout the U.S. and western Europe. The company was established in 1999.
Velocity11 has been recognized as one of the fastest growing companies in Silicon Valley ("Silicon Valley Fast 50" list) and in North America ("Technology Fast 500" list and Inc. 500 list). In 2006, Velocity11 was named to Deloitte's "Fastest Growing U.S. Tech Company" list.
Velocity11 is a privately held company based in Menlo Park, Calif., and is focused on pioneering automation technology solutions for life science laboratories. The company's customers comprise most of the major pharmaceutical and biotechnology companies as well as leading genome centers and academic institutions. Combining innovative engineering with high standards of quality and customer service, Velocity11 designs and manufactures flexible high-performance automation solutions for processes that are transforming the industry. Velocity11 is committed to providing its customers with The Ultimate Automation Experience(tm). Information about Velocity11 can be found on the company's Web site at http://www.velocity11.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 19,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.0 billion in fiscal 2006. Information about Agilent is available on the Web at http://www.agilent.com.