BioRAFT Announces Plan to Integrate ChemTracker IP
Our portfolio company BioRAFT, today announced they have entered into an agreement with Stanford University to acquire the ChemTracker brand and intellectual property.
Through this agreement BioRAFT will be able to integrate ChemTracker‘s powerful chemical safety and regulatory information database with BioRAFT’s enterprise solution and user-friendly interface. Development will begin immediately on a ChemTracker module within BioRAFT.
Nathan Watson, President and CEO of BioRAFT says:
“ChemTracker is a leader in chemical inventory and regulatory reporting. We are honored that Stanford University and the ChemTracker team decided that BioRAFT will be a worthy steward of their incredible work. BioRAFT is about simplicity and integrated safety for scientists, so we are delighted to announce this acquisition as the first of many investments BioRAFT will be making in our commitment to delivering powerful chemical safety and research support tools.”
The BioRAFT solution for laboratory safety is comprised of the BioRAFT Platform—an application infrastructure and data hub—and application modules that range from laboratory inspections to training management, biosafety registration, radioisotope management, facilities management and chemical safety. BioRAFT provides an enterprise-wide safety solution for research institutions and life science companies that consolidates information and activities under one umbrella. BioRAFT will bring ChemTracker’s advanced chemical database, chemical inventory functionality, and reporting capabilities into the BioRAFT solution as a fully-integrated application.
Larry Gibbs, Associate Vice Provost at Stanford University adds:
“Stanford EH&S is excited to be working with BioRAFT. The original vision for ChemTracker, developed at Stanford over 20 years ago, has been to evolve into a comprehensive and integrated EH&S system for research and teaching laboratories. With the planned migration of the ChemTracker programs into the BioRAFT Platform, that original vision will now be realized. BioRAFT has a well-developed system for laboratory environments, and with the incorporation of the ChemTracker chemical inventory system, BioRAFT will provide an even more robust and comprehensive solution for scientists and EH&S professionals.”
ChemTracker Consortium members will continue to use their software and will continue to receive support and account management through ChemTracker. BioRAFT is working closely with the ChemTracker team on plans for the new software and a transition strategy for customers and members of the ChemTracker Consortium.