Confience acquires Labsoft, a prominent LIMS provider in Latin America
igc Partners is pleased to announce that it has advised Labsoft – one of the prominent Laboratory Information Management System (LIMS) providers in Latin America – on its sale to Confience.
Founded in 2001, Labsoft is widely recognized for the usability and flexibility of MyLIMS, its cloud-native platform, serving hundreds of clients across over 10 countries. The company has a strong presence in highly regulated industries such as food & beverage, mining, chemicals, and pharmaceuticals. Its customer base includes major national and international brands such as Femsa, Shell, Clariant, Eurochem, and BRK.
The transaction marks the exit of Kilimanjaro Capital, a search fund that acquired a majority stake in Labsoft in 2022. It represents a successful liquidity event for search fund investors in Brazil, with the company being sold to an international strategic buyer.
Confience is a global laboratory software platform, created by STG through the combination of leading companies in quality management, compliance, and data integrity software. With over US$12 billion in assets under management, STG has a proven track record of building and scaling global software platforms in specialized sectors.
With this acquisition, Confience strengthens its presence in Latin America and expands its portfolio with a solution known for its best-in-class usability and configurability. The company plans to accelerate the international expansion of the combing company, leveraging Labsoft’s multinational customer base and its highly scalable technology to reach new markets worldwide.