Name: Lockbox LIMS
Brand: Lockbox LIMS
SKU: 68224ad3788da5bffa09fd90
Rating: 4.9 (21 reviews)

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Lockbox LIMS

By Lockbox LIMS

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Laboratory Information Management System

Overview of Lockbox LIMS Software Company

Lockbox LIMS is a cloud-based Laboratory Information Management System (LIMS) developed by Third Wave Analytics. It is designed to streamline lab operations, enhance data management, and ensure regulatory compliance. The platform is built on the Salesforce platform, providing robust integration capabilities and scalability.

Founding and Growth

Third Wave Analytics was founded in 2014 by Savitra Sharma. The company started with the vision of creating a comprehensive, cloud-based LIMS that could replace traditional, inefficient lab management methods. Over the years, Lockbox LIMS has grown to become a leading solution in the LIMS market, serving a wide range of industries including R&D, quality control testing, life science research, and industrial laboratories.

Funding and Valuation

The company has achieved significant growth and market presence. The revenue model is based on a subscription fee, with the average cost being around $225 per user per month. This pricing structure has helped the company maintain a steady revenue stream and invest in continuous product development.

Product Offerings and Features

Lockbox LIMS offers a comprehensive suite of features designed to meet the diverse needs of modern laboratories:

Sample Tracking: Provides full visibility on the sample journey from accessioning to long-term storage.
Storage Management: Multi-layered sample storage and location management.
Protocol Execution: Supports a wide range of procedures, from simple SOPs to complex protocols.
Inventory Management: Tracks consumption of reagents, records lot numbers, expiration dates, and amounts used.
Study and Project Management: Manages projects, studies, participants, and requisitions.
Compliance: Adheres to CAP/CLIA, HIPAA, and Part 11 regulations.
Integration: Seamlessly integrates with lab instruments and other software systems.

Acquisitions and Product Expansion

Lockbox LIMS has continuously expanded its product offerings. The introduction of Lockbox 2.0 combined LIMS and Quality Management System (QMS) functionalities, adding features like document control, quality events tracking, and training management. This expansion has made Lockbox LIMS an all-in-one solution for laboratory management.

Lockbox LIMS AI and New Features

Recent updates have introduced several new features, including:

NGS Workflow Enhancements: Full Next Generation Sequencing (NGS) workflow within protocol execution.
Improved CSV Import Tools: Better handling of large CSVs, custom mapping, and automatic error detection.
Enhanced User Experience: New query and flow-supported actions to mimic real-world workflows.

Company Culture and Values

Third Wave Analytics emphasizes a customer-centric approach, focusing on providing excellent customer support and ensuring user satisfaction. The company values innovation, continuous improvement, and maintaining a collaborative work environment. Their commitment to quality and customer service has earned them high praise from users.

User Base and Community

Lockbox LIMS is trusted by thousands of lab professionals worldwide. It is used by a diverse range of organizations, including universities, biotech companies, and clinical labs. The user community appreciates the system's ease of use, scalability, and the excellent support provided by Third Wave Analytics.