The financial terms of the deal were not disclosed.
Backed by Sierra Ventures and AME Cloud Ventures and led by Narges Bani Asadi, Founder and CEO, Bina Technologies provides a big data platform for centralized management and processing of next generation sequencing (NGS) data. Its proprietary on-market Genomic Management Solution, Bina-GMS1, which allows basic, translational and academic researchers to perform scalable analyses to maximize the value of genomic data.
The acquisition will enable Bina to accelerate product development and global commercialization of its Bina-GMS as an enterprise software system supporting multiple sequencing technologies while developing a solution for Roche sequencing systems. Roche will also continue to grow Bina’s interdisciplinary team of bioinformatics scientists, computer scientists and software engineers. It will be integrated into Roche Sequencing Unit in Q1 2015 and will continue to focus on expanding its innovative genomic analysis solutions portfolio.