Madison Dearborn, CoVant Finalize $200M LGS Innovations Purchase

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A Madison Dearborn Partners and CoVant investor group has finalized its purchase of LGS Innovations from Alcatel-Lucent (NYSE: ALU) for $200 million. Alcatel-Lucent has sold LGS as part of an initiative to raise more than $1.4 billion by the end of 2015 through asset divestitures, Alcatel-Lucent said Tuesday. Half of the acquisition amount will be paid when the transaction closes and an additional...

Robert Vrij Joins HP as SVP, Americas Region Enterprise Sales Lead

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Robert Vrij, formerly global sales chief at Alcatel-Lucent, has joined Hewlett-Packard (NYSE: HPQ) in November as senior vice president and general manager of enterprise sales for the Americas, the Wall Street Journal reported Tuesday. Regional leaders in the U.S., Canada and Latin America region will report to Vrij as he takes on a newly-created position in the company, Spencer Ante and Sam Schechner...

LGS Innovations Sold to U.S. Investment Firms for $200M; Kevin Kelly Comments

Kevin Kelly
Kevin Kelly Alcatel-Lucent (NYSE: ALU) has sold the company’s government technology subsidiary LGS Innovations to two U.S. investment firms for around 0 million in a move that will enable LGS to chase market and customer opportunities that it may not have been able to previously go after under Alcatel, LGS CEO Kevin Kelly told PCWorld Friday. Stephen Lawson writes Chicago, Ill.-based Madison Dearborn...

Rich Martin Joins LGS as CIO; Kevin Kelly Comments

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Rich Martin, former chief information officer at data communications provider Transaction Network Services, has joined LGS Innovations as CIO. The 20-year industry veteran will serve as technical and personnel leader at LGS and manage operations for activities related to information technology, the company said Tuesday. Kevin Kelly Kevin Kelly, LGS CEO, said Martin will play a key role in the Alcatel-Lucent...

Dell Acquires Cloud Solutions Provider, Forms New Enterprise Org.; Marius Haas Comments

Marius Haas Dell has announced the purchase of cloud provider Gale Technologies in addition to the formation of a new enterprise systems & solutions organization to be led by Dario Zamarian,vice president and general manager. According to a Dell statement, the terms of the transaction were not disclosed and Gale helps customers turn discrete compute, network and storage components into integrated...

LGS Promotes Kevin Kelly To CEO; Ronald Iverson Retiring

Kevin Kelly LGS Innovations, an independent subsidiary of Alcatel-Lucent (NYSE: ALU), has promoted Chief Operating Officer Kevin Kelly to CEO. LGS said Kelly will succeed the retiring Ronald Iverson, who has served as the company’s CEO since its founding in 2007. Kelly said the company will continue to pursue work in research and development and networking infrastructure to meet federal agencies’...