LGS Innovations Buys Another Intelligence Contractor
Posted on: October 1, 2015

LGS Innovations, the Herndon-based intelligence contractor that has links to Bell Labs, announced Thursday that it bought Axios Inc., a small intelligence contractor based out of Dulles. Both companies declined to disclose the size of the purchase.

Axios, whose 125 employees develops applications that support the intelligence community’s surveillance capabilities, will retain its operations as a subsidiary of LGS.

This is LGS’s first acquisition since its parent company Alcatel-Lucent, a French telecommunications equipment company that is merging with Nokia, sold it to a private equity-led investor group for $200 million early last year.

LGS chief executive Kevin Kelly said his company bought Axios for its specialized capabilities.

“They weren’t off in their own spaces doing administrative work,” he said of Axios, “They were working shoulder to shoulder with the U.S. government. It’s unusual to find an entire company doing that.”

Most of Axios’ employees are engineers working directly on creating applications, and 98 percent hold a security clearance. About 80 percent of LGS’s 800-person workforce hold security clearances.

LGS was formed officially in 2006 when a merger created Alcatel-Lucent, and the French company needed to set up an American unit to manage Lucent and Bell Laboratories’ sensitive U.S. contracts.

Read more: http://www.washingtonpost.com/business/capitalbusiness/lgs-innovations-b…

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