Madison Dearborn, CoVant Finalize $200M LGS Innovations Purchase

LGSInnovations
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...

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 $200 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

LGSInnovations
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...

LGS Providing Army Training Base Avaya Digital Comm System; Kevin Kelly Comments

Kevin Kelly
  Kevin Kelly LGS Innovations has won a $14.1 million contract to provide an Avaya communications system to a U.S. Army base and transition the bas digital voice-over Internet Protocol data system. The Army trains between 85,000 and 90,000 military and civilian personnel per year at Fort Leonard Wood in earthmoving, truck driving, civil support and first response to weapons of mass destruction,...

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’...

Contract Award – Lockheed Martin – $31 Million – DARPA

The Defense Advanced Research Projects Agency (DARPA) has awarded a $31 million contract to Lockheed Martin [NYSE: LMT] for new cyber assurance procedures to improve security, dynamic bandwidth allocation, and policy-based prioritization levels at the individual and unit level. John Mengucci, President of Lockheed Martin Information Systems & Global Services-Defense, said “With systems from...

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