Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Digital Transformation leads Artel to set new standards for fast, error-free lab testing

Posted On: 2019-07-10 11:12:11

From its software and quality driven R&D and manufacturing facility in Portland, Maine, Artel's mission is to provide life science laboratories with instrument-based systems and expertise that enables them to achieve the most accurate test results possible. This is significant when currently some 55% of test results are not repeatable and therefore of questionable validity. The company's vision is to ensure labs produce results that are both timely and error free.

Given the life-changing impact lab results can have on patients - from diagnosing breast cancer, to maintaining the quality of injectable insulin, to ensuring the validity of DNA results used by the FBI in determining guilt or innocence - the stakes are high.

So beginning in 2014, Artel teamed with Persistent Systems, a global technology and services leader, to build out the portfolio for Artel's instrument systems business. Artel's products address a range of laboratory processes, always with the objective of ensuring the quality of test results and improving lab productivity. This demands software which has robust architecture, is flexible and has intuitive ease of use. Persistent brought a clear understanding of how to assist Artel in meeting its customers' goals, with software that can solve some of the most critical life science laboratory challenges.

Kirby Pilcher, President, Artel said "Persistent has been more than just a technology partner, they are also a business partner. We have gained insights into the market we didn't have. With access to new concepts of development we estimate that working with Persistent has cut our time in bringing products to market by 30%. With customers in practically every country of the world and the most sophisticated products in their categories, this partnership became an amazing journey. We started with limited projects - though with aspirations for great things - and have gone beyond what we imagined."

Sandeep Kalra, Executive Director & President Technology Services at Persistent Systems - "Artel has an incredibly close relationship with its customers, who in turn play a significant part in the overall product development process. Becoming part of that partnership and working with OutSystems to leverage low-code in helping bring industry leading products to market more quickly was extremely satisfying for the Persistent team. Artel is a great example of a company embracing a software-driven approach to business, constantly looking for ways to improve productivity as demand grows for their products.

Artel was able to take advantage of Persistent's wealth of knowledge of both best practices development procedures and tools as well as knowledge of the market. For instance, Persistent recommended low code development solutions from OutSystems to bring products to market faster.

Peter Dunlap, VP Channels and Alliances, OutSystems - "Artel joins thousands of other companies using low-code to deliver business value faster than ever. With the OutSystems platform, they're able to adapt to changing technical requirements and evolving business needs. Persistent brings extensive knowledge of OutSystems and is uniquely positioned to ensure Artel's success, having already leveraged the industry leading low-code platform to deliver digital transformation to customers around the globe."

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.614 as compared to the previous close of Rs. 613.25. The total number of shares traded during the day was 736 in over 149 trades.

The stock hit an intraday high of Rs. 625.1 and intraday low of 613. The net turnover during the day was Rs. 454563.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

IndiaMart InterMESH Ltd Q2 consolidated PAT at Rs. 8.7 crore

Bajaj Finserv Ltd consolidated Q2 PAT jumps to Rs. 1203.72 crores

Jubilant FoodWorks Limited reports EBITDA margin of 23.8%

Kotak Mahindra Bank Consolidated Bank PAT for Q2FY20 Rs. 2,407 cr up 38%

GlaxoSmithKline Pharmaceuticals Limited announces results for the quarter ended September 30, 2019

Update on US FDA Inspection at Alkem's Bioeguivalcnce Center at Taloja

Lupin receives U.S. FDA approval for Divalproex Sodium ER Tablets USP

PPAP Automotive Ltd Board declares Interim Dividend of Rs. 1 for FY 2019-20

Wendt India Ltd Consolidated Q2 Sales up by 3% & PAT higher by 9%

Granules India Ltd Board declares Second Interim Dividend

Shanthi Gears Limited Revenue up by 19% in Q2

JMC Projects India Ltd secures new orders of Rs. 1,059 Crores

TV Today Network Ltd Board approves Dividend of Rs. 20

Ashoka Buildcon SPV's announce appointed date for NHAI Projects

Solara announces Q2FY20 Financial Results

Newgen Software reports Revenues of Rs 285cr in H1 FY'20, up 11% YoY

Jyothy Labs Ltd announces Q2FY20 consolidated results

Grasim announces formation of JVC - Aditya Birla Power Composites Limited

Elecon Engineering announces Q2FY20 Results

Welspun India Ltd - Emerging businesses gaining traction

AXIS Bank Ltd Q2 consolidated net loss at Rs. 18.14 crore

GlaxoSmithKline Pharmaceuticals Ltd Q2 consolidated net profit at Rs. 502.75 crores

Wendt India Ltd Q2 consolidated net profit climbs to Rs. 5.01 crore

Subros Ltd consolidated Q2 net profit drops to Rs. 13.35 crore

Auro Laboratories Ltd posts net profit of Rs. 1.44 crore

Indiabulls Ventures Ltd Q2 consolidated PAT at Rs. 126.77 crores

IMFA Q2 loss at Rs. 33.62 crores

Jubilant FoodWorks Ltd Q2 consolidated net profit at Rs. 73.42 crore

Premier Polyfilm Ltd Q2 net profit at Rs. 1.04 crore

PPAP Automotive Ltd Q2 PAT lower at Rs. 4.03 crore

PSP Projects Ltd Q2 consolidated net profit higher at Rs. 32.46 crore

Kotak Mahindra Bank Ltd Q2 consolidated PAT soars to Rs. 2407.25 crores

Jyothy Labs Ltd Q2 consolidated PAT up at Rs. 53.59 crores

TV Today Network Ltd Q2 consolidated PAT at Rs. 23 crore

Integra Engineering India Ltd posts net profit of Rs. 2.05 crore

Ultracab India Ltd Q2 net profit at Rs. 0.21 crore

Solara Active Pharma Sciences Ltd Q2 consolidated PAT at Rs. 28.91 crores

Thomas Cook India Opens new outlet at LG-18, DB Mall to cater to strong demand

Granules India Ltd Q2 consolidated net profit higher at Rs. 95.79 crores

Lincoln Pharmaceuticals Limited receives a Patent for Diclofenac Rectal Spray

BHEL commissions 800 MW supercritical thermal power plant in Gujarat

Nandan Nilekani, Chairman of Infosys Limited on whistleblower complaints

Bajaj Finance Ltd reports highest ever quarterly consolidated profit of Rs. 1,506 crore

Rane Brake Lining Limited announces Q2 FY2019-20 results

Aleor Dermaceuticals receives USFDA Approval for Clobetasol Propionate Topical Solution USP, 0.05%

Do not waste! Respect nature - Japan's 'Mottainai Grandma' tells school children in Haryana

Asahi Songwon Colors to form JV for manufacturing AZO pigments in India

Royal Orchid & Regenta Hotels Launch 2 New Properties

AU Bank appoints Prof. Mr. M.S. Sriram, Inclusive Finance Expert and Mr. Pushpinder Singh, Banking Technology Expert as Independent Director

Bajaj Finance Ltd Q2 consolidated PAT climbs to Rs. 1506.29 crores







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019