Active Motif acquires TimeLogic to combine wet lab biology and biocomputing

Carlsbad, CA and Crystal Bay, NC, Aug 20, 2003—

Active Motif, Inc., a company focused on novel cell biology reagents, announced that it has acquired TimeLogic Corporation in a stock deal for an undisclosed price.

TimeLogic accelerates sequence analysis through its highly scalable, modular DeCypher engine. This combination of software and reconfigurable hardware powers computationally intensive search algorithms, including BLAST, Smith-Waterman and Hidden Markov Model analysis. Though DeCypher is typically installed within a single computer, the solution delivers the performance of hundreds to thousands of CPUs.

"Today, genomic data is growing more rapidly than during the Human Genome Project. This growth is fueled by newly sequenced genomes and elaborate annotation of all genomic data. The ability of computers and algorithms to quickly and meaningfully analyze this data simply has not kept up. TimeLogic has developed a powerful, flexible and cost-effective solution to directly address these data processing challenges," commented Joseph M. Fernandez, President & CEO of Active Motif.

"By helping connect wet lab science with computational biology methods, we see an excellent opportunity for Active Motif to help TimeLogic’s customers," remarked John Archdeacon, Ph.D., head of R&D for Active Motif. "Bioinformatics scientists need to validate in silico findings with data from cell assays. Conversely, cell biology research can be accelerated by using large-scale genomic analysis to identify relationships between genes and proteins,” Archdeacon continued.

" I am very pleased that TimeLogic has identified a rapidly growing partner with proven experience in developing innovative assays used by pharmaceutical and academic researchers worldwide. We expect the combined expertise of TimeLogic and Active Motif to bring many benefits to scientists engaged in drug discovery and academic research pursuits," stated Rick MacDonald, General Manager for TimeLogic.
TimeLogic was founded in 1994 by Jim Lindelien and will continue to utilize the registered trade names "TimeLogic" and "DeCypher". The company will be moved from Crystal Bay, NV to Active Motif’s Carlsbad, CA headquarters.

About Active Motif
Active Motif develops cell & molecular biology-based research tools that assist with determining the functions, interactions and regulation of proteins. Its products, which include TransAM™ transcription factor ELISAs, Chariot™ protein delivery reagent, and FACE™ assays for detecting activated phospho-proteins within mammalian cells, help scientists understand the complexity of the genome. Active Motif has offices in Europe and the United States and is represented throughout the rest of the world by distributors. For more information, please contact Chris Wasden, 760-431-1263 ext. 210, wasden@activemotif.com, http://www.activemotif.com

About TimeLogic
TimeLogic produces the DeCypher system for accelerating life science computation, including BLAST, Smith-Waterman and Hidden Markov Model analysis. DeCypher speeds critical genomic research tasks by utilizing high-speed, reconfigurable FPGA technology that is housed in a standard computer. By delivering a scalable, modular solution, DeCypher enables compound research techniques to be employed for more comprehensive scientific results. DeCypher is utilized by top biotechnology, pharmaceutical, and agribusiness companies, as well as academic and government research institutions worldwide. TimeLogic has been accelerating bioinformatics discovery since 1996.

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Media Contact

For information on TimeLogic, please contact:

Christopher Hoover
TimeLogic
Marketing Product Manager
Phone: 760-517-0450
Email: hoover@activemotif.com