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In January 2022, Kilimanjaro Capital, a Brazilian SF led by Artur Martins, acquired Labsoft Tecnologia after evaluating more than 500 companies, 10% of them in depth. Artur chose Labsoft based on several factors: a globally growing market with strong prospects; a resilient business model; a leading position in Brazil in the service laboratory sector, with high potential in the sanitation and industrial segments; and a mature product, mature processes, and a seasoned team.
With the company ready to scale, Artur was supported in the acquisition by investors such as Spectra Investments, KYR Capital, Istria Capital, Kviv Ventures, Cerralvo Capital, M2O, among others.
Founded in 2002 in the state of São Paulo, Labsoft is Brazil’s leading provider of Laboratory Information Management Systems (LIMS). The company sells its proprietary technology, myLIMS, to quality service laboratories, industrial clients, and sanitation companies. Labsoft’s technology helps make the products we consume safer and better by digitalizing and automating laboratory and quality control processes, enhancing efficiency, reliability, and traceability. The company serves 260+ clients, with over 15,000 users in more than 10 countries. In three and a half years, Arthur has managed to double the size of the company and quadruple its international presence.
In a bold move to reshape the global LIMS market, Confience, a portfolio company of Symphony Technology Group (STG), has acquired Labsoft, bringing together two industry leaders with complementary technologies and a shared ambition. Labsoft adds several advanced product capabilities, and Confience will leverage the combined technologies to deliver a modern, market-leading SaaS LIMS solution. The merged entity will operate under the Confience brand going forward. The transaction generated an outstanding 5x MOIC and an IRR of 56%.
“This is a transformational moment,” said Patrick Quinlan, CEO of Confience. “With Labsoft, we gain not only a world-class product that’s ahead of its time, but also a passionate, high-performance team that shares our mission. The opportunities in product innovation, service delivery that delivers value to our customers faster, and global expansion are massive—and we’re ready to seize them.”
“This combination supercharges our journey,” said Artur Martins, CEO of Labsoft. “Our vision has always been to become the world’s leading LIMS provider. With Confience and STG, that vision can become a reality—faster than we ever imagined. We’re not just accelerating growth; we’re building something truly global.”
M&A: IGC Partners / Legal: FM/Derraik
