August 14, 2014
More than four months after its sale was finalized, Virginia-based LGS Innovations is enjoying the freedom of no longer being bound exclusively to the U.S. federal-government market, says a top management official with the company.
LGS Innovations was a subsidiary of Alcatel-Lucent before being sold for up to $200 million to a partnership formed by Madison Dearborn Partners and CoVant. That acquisition was completed in April.
“Now that we’re outside of Alcatel-Lucent, we will be expanding into state and local and some of the major strategic industries—utilities, as an example,” Dan Bigbie, vice president of business development for LGS, said during an interview with IWCE’s Urgent Communications at the recentAssociation of Public-Safety Communications Officials (APCO) conference in New Orleans.
Read the full story here: http://urgentcomm.com/alcatel-lucent/lgs-innovations-looks-broaden-its-s…