When I talked to LGS Innovations CEO Kevin Kelly earlier this summer, he laid out the strategy of the company which was spun out of Alcatel-Lucent in 2014.
He talked about investing for growth and for technologies that could bolster the company’s work in networking and communication solutions.
Part of that investment strategy was making mergers and acquisition. At the time, LGS hadn’t closed a deal.
“We’ve probably looked at 100 companies,” Kelly said at the time. “And we had serious management meetings with five or so, and now we are targeting just one or two.”
With the announcement Thursday that they had acquired Axios Inc., it looks like LGS has its target.