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InnoVenture 2008: Lab Escape to Present

Submitted by: Eric Jackson on Mar 23, 2008 at 6:53 am Tagged with: Asheville, Entrepreneur, Innovation, InnoVenture, Software Source: Lab Escape, Inc.

Asheville, NC (March 19, 2008) — Asheville, North Carolina-based Lab Escape will present to investors at the 2008 InnoVenture Conference in Greenville, SC on Tuesday, March 25, 2008. The visual analysis solutions company is seeking funding to accelerate growth while building strength in key vertical markets.

Lab Escape’s technology was previously selected as one of the 25 most innovative technologies in North Carolina for CED InfoTech 2005. InfoTech served as a launching pad for Lab Escape, and since then Lab Escape has expanded from a single technical-oriented product used by a few customers to a suite of seven products aimed at managers and executives and used by companies around the world.

Lab Escape solves the information overload problem at large companies by selling interactive heat map visual analysis solutions that allow managers to understand large volumes of complex data, ask questions to gain key insights, and then communicate those insights to others. These solutions give companies a competitive edge by enabling them to make effective use of information in a highly dynamic environment in applications ranging from retail analytics and market share analysis to risk management, project portfolio analysis, and network management.

According to Trevor Lohrbeer, CEO of Lab Escape, “We are thrilled to have this opportunity to present Lab Escape to the regional investment community and to continue building relationships with area entrepreneurs and the fantastic array of speakers and businesses that are participating in InnoVenture this year. We have had two years of strong performance and have an exciting pipeline of new product capabilities due out over the next year. We will be using the funding to bring in key personnel and significantly expand our marketing efforts, particularly within high-value vertical markets where we have gained customer traction.”

Lab Escape has been funded to date entirely by revenues, and has proved its ability to tap the potential of the rapidly growing visual analytics market by acquiring a dozen Fortune 500 customers, 25+ other customers, and maintaining 2-3X year-over-year revenue growth for the past two years. In addition, during the last year, the company has developed and released three new products and filed additional patents for its unique technologies.

Eric Jackson, VP of Marketing, stated “Lab Escape has grown steadily and significantly across a variety of verticals over the last three years, giving us an excellent opportunity to learn where our products are a best fit for customer needs, and to build expertise in those areas. We are now in a position to begin deepening our marketing efforts in those verticals where we see the greatest traction and the best intersection between the capabilities of our products and those of our customers’ needs.”

For more information, please contact us at (800) 921-3623 or visit us at http://www.labescape.com/.

Lab Escape Contact:
Trevor Lohrbeer, CEO and Founder
800-921-3623, ext 702
trevor@labescape.com