A Diagnostics & Imaging Week
Genetix (New Milton, UK) reported that it has acquired data management software company SlidePath (Dublin, Ireland) for cash and shares worth up to €3.7 million. Genetix said it believes that SlidePath's expertise in analysis and data management software complements its' existing strengths and accelerates the company's position in the growing digital pathology market.
Digital pathology is the management and interpretation of high-resolution images taken of tissue samples. These samples are mounted onto glass slides, scanned, converted into digital images to create an electronic record of each specimen. Digitized slides can then be managed and viewed online, enabling pathologists to analyze and share sample images between sites and to examine them remotely.
"We're delighted to be joining the Genetix Group," said Donal O'Shea, CEO of SlidePath. "The combination of skills and technologies offered by Genetix and SlidePath will provide tools with the accuracy, speed and cost-effectiveness necessary to drive growth in the digital pathology market."
Genetix provides imaging and intelligent image analysis in the life science and diagnostic markets.