Agilent Technologies Inc. (NYSE: A) today announced it has completed the asset acquisition of iLab Solutions LLC, a leader in cloud-based solutions for core laboratory management.

Agilent announced its intent on June 27 to acquire substantially all of the assets of iLab, including iLab's technology, intellectual property and product portfolio, as well as employee talent.

iLab Solutions' offerings enable Agilent's customers to easily and accurately book time in shared facilities, to bill and invoice for projects, to manage studies, to generate reports and business intelligence, and to schedule instrument reservations across multiple projects.

With the completion of the acquisition, the iLab team is now a part of Agilent CrossLab Group's Laboratory Enterprise Division.