Creating Value Together

Chicago and Los Angeles, May 29, 2018 – Madison Dearborn Partners (“MDP”) and CoVant Management (“CoVant”) announced today that they have acquired LinQuest Corporation (“LinQuest” or the “Company”), a leading provider to the U.S. defense and intelligence communities of space systems technology solutions, including large-scale systems engineering & integration, software and cyber systems development, complex systems modeling & simulation, data analytics, and turnkey mission solutions. LinQuest management, including CEO Dr. Leon Biederman, will retain a significant minority ownership position in and will continue to lead the Company. Financial terms of the transaction were not disclosed.

“LinQuest is a unique, differentiated technology company serving critical national security programs in the growing space market,” said Matt Norton, a Managing Director on MDP’s Business & Government Software & Services team. “Maintaining U.S. space superiority and ensuring the resilience of our nation’s space-based defense and intelligence technology infrastructure have become heightened government priorities addressing global threats, and we look forward to working with LinQuest’s experienced management team and talented employees to drive the Company’s growth.”

Headquartered in Los Angeles, with offices throughout the country, including the National Capital Region and Colorado Springs, LinQuest designs, develops and delivers state-of-the-art engineering and advanced technology solutions to Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) programs of national importance. LinQuest’s core competencies are in military satellite communications engineering, development, integration, testing, and operations; space flight and ground software; tactical communications networks; cyber operations; space superiority; battlespace awareness; and position, navigation, and timing (“PNT”), placing it in some of the highest priority defense and intelligence growth markets.

“Partnering with MDP and CoVant enables us to expand our R&D capabilities, improve our business development resources and enhance our customer offerings, thereby accelerating our growth both organically and through future acquisitions,” said Dr. Leon Biederman, CEO of LinQuest. “Both MDP and CoVant have a demonstrated track record of success partnering with similar government technology companies and generating significant value. We are excited to gain access to their deep industry expertise and work together to realize LinQuest’s next chapter of growth.”

MDP is a leading private equity firm that invests across a broad spectrum of industries, including business and government software and services, while the CoVant team has expertise in acquiring and growing companies in the federal government technology marketplace. MDP and CoVant formed a partnership in 2012 to identify and secure equity investments in the federal government technology services and solutions market. In 2014, this partnership invested in and carved out LGS Innovations LLC (the former federal division of Bell Labs) from Alcatel-Lucent and has since grown LGS into one of the leading independent providers of secure networking, cybersecurity, photonics and communications technologies to government and commercial organizations.

“LinQuest is a highly attractive business in the dynamic space situational awareness, PNT, and satellite communications sector,” said Joseph Kampf, Chairman and Chief Executive Officer of CoVant. “We believe LinQuest’s differentiated technology capabilities in desirable space end-markets will benefit from our focus on growing businesses through both organic and strategic acquisition initiatives. We are excited to continue our partnership with MDP and apply our proven operating strategy as we work with LinQuest’s executive team and MDP to help LinQuest achieve continued success.”

Baird served as LinQuest’s financial advisor with Alston & Bird LLP, Squire Patton Boggs, and Drinker Biddle & Reath LLP serving as legal advisors. Kirkland & Ellis LLP and Crowell & Moring LLP served as legal advisors to MDP and CoVant. As part of the transaction, Bank of America Merrill Lynch is providing a credit facility to support the Company’s continued growth.

About Madison Dearborn Partners, LLC 

Madison Dearborn Partners, LLC (MDP), based in Chicago, is a leading private equity investment firm in the United States. Since MDP’s formation in 1992, the firm has raised seven funds with aggregate capital of approximately $23 billion and has completed approximately 130 investments. MDP is currently investing out of its most recent fund, $4.4 billion MDCP Fund VII, in businesses across a broad spectrum of industries, including business and government software and services; basic industries; financial and transaction services; health care; and telecom, media and technology (TMT) services. For more information, please visit https://www.mdcp.com.

About CoVant Management 

Founded by former executives of Anteon International, CoVant Management partners with and provides strategic, financial and operational resources to companies specializing in technology and related solutions that serve the needs of government customers. With an experienced team of business executives and a respected board of former government and military leaders, CoVant Management delivers a unique and highly strategic approach to maximizing company growth and value. Visit www.covant.com for more information.

 About LinQuest Corporation

LinQuest provides our Department of Defense, Intelligence Community, and other customers technically integrated solutions for critical national security capabilities focused on the convergence of C4ISR, information, and cyber systems. LinQuest delivers performance excellence, from initial concept to operational capability, providing thought leadership, innovation, and engineered process discipline across the enterprise lifecycle.

More information can be found on the company’s website at www.linquest.com.

Media Contacts: 

For All Media Inquiries:
Chuck Dohrenwend or Kate Murray
cod@abmac.com or ksm@abmac.com
212-371-5999

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Acquisition boosts advanced national security services and application development capabilities

HERNDON, VA—October 1, 2015—LGS Innovations (LGS), a provider of next generation networking and communication solutions for the US national security, defense, and advanced research communities,today announced it has acquired Axios, Inc, a provider of communications and signal processing solutions and mission support services for the Department of Defense and Intelligence communities.

The acquisition of the Dulles, VA-based provider of leading-edge processing solutions and products compliments LGS’ intelligence, surveillance, and reconnaissance (ISR) technologies with the addition of mission-attached services and application development capabilities. Over half of Axios’ 120+ employees hold advanced degrees in the fields of electrical engineering, computer engineering, and computer science.

“Axios has a high caliber of project performance, corporate culture, and outstanding people,” said Kevin Kelly, CEO of LGS Innovations. “Both Axios and LGS employees share a dedication to the mission and a track record of developing creative solutions to complicated challenges, and we are looking forward to working together on communications and networking advancements.”

Founded in 2000, Axios supports its defense and intelligence clients through RF communications and signal processing, mission operations, frameworks and open source technology, software defined radio, tactical programs, and other solution areas. Axios will continue its operations as a wholly-owned subsidiary of LGS.

We are very excited to join the LGS team,” said Frank Nadal, President of Axios. “By joining forces, we will be able to tackle even more complex and large scale mission challenges for our customers, which is what brought us all into this line of work.”

The Axios acquisition is LGS’ first since it was purchased from Alcatel-Lucent by Madison Dearborn Partners and CoVant in 2014.Houlihan Lokey served as exclusive financial advisor to Axios on this transaction.

LGS, which has a legacy of supporting mission critical government operations for over 75 years, also continues to invest internally to develop new capabilities for its customers. The company maintains a robust internal research and development (IRAD) program to advance its cybersecurity, photonic communications and sensing, cellular communications, and ISR solutions. “External acquisitions like Axios, coupled with our continuing internal investment strategy, are essential to the LGS growth strategy and efforts to provide more comprehensive and cutting-edge technologies and solutions to our customers,” Kelly explained.

About LGS Innovations

LGS Innovations delivers next generation solutions that solve the most complex networking and communications challenges facing governments, critical infrastructure operators, and large commercial enterprises. LGS offers groundbreaking research and development in the areas of wireless communications, radio frequency (RF) spectrum analysis, cybersecurity, fiber optic and free-space optical communications, and mobile broadband technologies. These cutting-edge technologies are integrated into communications, sensing, and analytical solutions that provide unique communications and cybersecurity advantages for our important customers.

LGS Innovations is a U.S.-owned company headquartered in Herndon, Virginia, with offices in Colorado, Florida, Illinois, Maryland, New Jersey, New Mexico, Arizona, and North Carolina. Formerly a subsidiary of Alcatel-Lucent, LGS is the exclusive reseller of Alcatel-Lucent products and services to the U.S. Federal Government both directly and through any indirect supplier. LGS maintains strong ties to Bell Labs and its technologies, employing more than 600 scientists and engineers and over 800 employees worldwide. To learn more about LGS Innovations, visit www.lgsinnovations.com.

About Axios

Axios is dedicated to protecting America from harm by supporting the missions of the Department of Defense and its Intelligence Community partners. With a highly educated and experienced team, Axios designs, develops, delivers, and operates leading-edge processing solutions and products in the fields of communications, digital signal processing, software, network engineering, system engineering, and system integration. Headquartered in Dulles, Virginia, Axios provides mission-focused support across several U.S. and overseas locations. To learn more, visit www.axiosengineering.com

Media Contact:

Michael Segner

for LGS Innovations

703.584.5646

msegner@aboutsage.com

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Digital Global Systems Inc. Announces $4 Million Capital Raise and Strategic Relationship with LGS Innovations
July 28, 2015 10:03 AM Eastern Daylight Time
BELTSVILLE, Md.–(BUSINESS WIRE)–Digital Global Systems Inc. (DGS), a provider of innovative broad spectrum management technology for public safety, enterprise, telecommunications and government customers, announced it has raised an additional $4 million of funding through the issuance of Series A-2 convertible preferred stock.

“We believe a strategic business relationship with DGS can help deliver an enhanced solution to address all of these client needs.”

The funding round included investments by LGS Innovations (LGS) and CoVant, as well as a broad representation of existing and new individual investors. The capital raised in its Series A-2 round is in addition to the $2 million of Series A and $2.25 million of Series A-1 convertible preferred stock previously issued. This brings the total capital raised through convertible preferred Series A Rounds to $8,250,000.

The funds will be used to accelerate the company’s continued market expansion and development of its flagship SigBase™ platform, which combines broad spectrum data capture with remote access and analytics capabilities so users can more efficiently monitor, manage and optimize their spectrum assets and wireless communications.

The DGS SigBase software utilizes Fast Fourier Transforms (FFTs) for signal analysis and signal classification. Although I/Q data is utilized in certain operations performed on the system, utilization of FFTs for analysis allows for improved processing speeds and optimized performance. Utilization of FFT scanning versus traditional sweeping also enables transient signals to be captured efficiently over wider spans.

The software package also includes modulation detection, channel conflict detection with alarm and trigger features, and patented features such as automatic signal detection, connect anywhere functionality, FCC database analytics and spectral environment learning . When engaged, the spectral environment learning function enables an operator to build a signal inventory for a specific environment.

DGS delivers its distinctive SigBase software platform on portable, mobile, and fixed hardware platforms, which are all remotely accessible and network enabled.

“In addition, DGS is rolling out our SigDB solution, a cloud-based data analytics platform where users have the ability to store, access, and analyze data from all deployed SigBase devices in their network,” said Fernando Murias, Chairman and CEO of DGS.

In its first two years of operations, DGS already has 20 issued U.S. patents, market traction into the four major tier 1 carriers, and growing presence in the transportation, public safety and federal government markets. In addition to the capital investment mentioned above, LGS and DGS are already teaming on a number of strategic business opportunities.

“DGS has been actively searching for the right strategic partner to help us expand our unique solutions into the federal government sector,” said Murias. “Teaming with LGS and leveraging the extensive experience they have in working with the federal markets is key for us.”

LGS provides secure networking, communications, VoIP, optical routers, and other solutions for the U.S. national security, defense, and advanced research communities.

“More effective management of limited spectrum resources has been a challenge for our federal customers for many years and has become a significant issue for commercial users as well,” said Kevin Kelly, LGS Chief Executive Officer. “We believe a strategic business relationship with DGS can help deliver an enhanced solution to address all of these client needs.”

Formerly a subsidiary of Alcatel-Lucent, LGS Innovations was purchased by CoVant Technologies II in 2014. Based in Herndon, Va., LGS and its legacy companies have a 75-year history of supporting government and commercial organizations worldwide in the research, development, and deployment of networking solutions. DGS will team with LGS’ Engineering Integration Services (EIS) and Advanced Research & Technology (ART) groups to deliver broader technology solutions to the market.

“We’re excited to have a teaming partner with such vast strategic experience in the broader government market,” said Murias.

CoVant Chairman and CEO Joseph Kampf said, “We are pleased to be supporting both DGS and LGS as they work together on the next generation of critically important spectrum management tools.”

 

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ARLINGTON, Va., June 1, 2015 –PAE, a leading provider of enduring support for essential global missions, has completed the acquisition of A-T Solutions Corporate Holdings Prime, Inc. (together with its subsidiaries, collectively “A-T Solutions”) from its stockholders.

“The acquisition of A-T Solutions fit perfectly in line with our strategy to grow through purposeful, value-based acquisitions that bring new customers and new capabilities to our portfolio,” said PAE CEO John Heller. “Together with our acquisition of USIS GS&S earlier this year, the addition of these highly skilled employees and technology solutions enable PAE to provide full spectrum identity management services, forensic and biometric operations, analysis and comprehensive training to an expanded set of customers engaged in complex national security missions worldwide.”

PAE is a leading provider of enduring support for the essential missions of the U.S. government, its allied partners and international organizations. In its 60th year of business, PAE provides services in capacity building and stabilization, expeditionary logistics, critical infrastructure, aviation services, test and training ranges, identity and information management, and training solutions to support the complex missions of our customers around the world. PAE has a workforce of approximately 15,000 people in over 50 countries and is headquartered in Arlington, VA.

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Madison Dearborn Partners and CoVant Complete Acquisition of

LGS Innovations from Alcatel-Lucent

 

New Ownership Structure Unlocks New Markets and Growth Opportunities for the

Advanced Networking and Communications Solutions Provider

McLean, Va. and Chicago, April 1, 2014 – Madison Dearborn Partners and CoVant announced today that they have completed their previously announced acquisition of LGS Innovations LLC from Alcatel-Lucent.  LGS Innovations is a leading provider of groundbreaking research and advanced networking and communications solutions to the U.S. federal government.  The new ownership structure unlocks new markets and growth opportunities that were previously unavailable to LGS Innovations.  Kevin Kelly, CEO, and the rest of the LGS Innovations management team will remain with the company.

“LGS Innovations has long been at the leading edge of developing and delivering highly innovative products and services to the U.S. federal government, and we are pleased to now be in a position to help the team expand its business,” said Doug Grissom, a Managing Director at Madison Dearborn and the head of the firm’s Business and Government Services team. “We also are delighted to partner with CoVant.  We look forward to growing LGS Innovations in concert with them, the LGS management team and the LGS employees.”

LGS Innovations delivers next generation solutions that solve the most complex networking and communications challenges facing the U.S. federal government, state and local governments, foreign governments, and commercial enterprises worldwide.  Formed during the Alcatel and Lucent merger in 2006 as an independent subsidiary and sole channel to the U.S. federal government, LGS offers groundbreaking research and development and builds advanced wireless, optical, and wired products and applications customized for specific mission environments.  LGS has a heritage as a trusted partner of the U.S. federal government extending back over 60 years.

“As a market leader with a differentiated offering, LGS Innovations is a highly attractive business,” said Joseph Kampf, CEO of CoVant, and the former CEO of Anteon International and current board director of A-T Solutions. “The company is uniquely positioned for new growth channels as it can now pursue markets and customers previously closed to them as a subsidiary of a non-U.S. company.  LGS Innovations has a strong portfolio of intellectual property, patents and products.  Our focus will be to help the company build on this platform and deliver its technology solutions to an expanded array of clients around the world.”

The cash transaction between Alcatel-Lucent and the Madison Dearborn/CoVant group comprises a total amount of up to $200 million, of which 50 per cent is being paid at closing.  Up to a further 50 per cent will form a subsequent variable component to be determined on LGS Innovations’s results from operations during the 2014 fiscal year.

“This transaction will better enable us to serve our customers in the civilian, defense, and advanced programs communities by doing what we do best – researching, developing, and deploying secure networking and communications solutions”

LGS Innovations will remain the exclusive reseller of Alcatel-Lucent products and services to the U.S. federal government.  The company also will have exclusivity in sales to the integration and reseller community where the end customer is the federal government.

About LGS Innovations

LGS Innovations delivers next generation solutions that solve the most complex networking and communications challenges facing the U.S. Federal Government, state and local governments, foreign governments, and commercial enterprises.  LGS offers groundbreaking research and development and builds advanced wireless, optical, and wired products and applications customized for specific mission environments.  These solutions provide unique information and data security advantages that lead to the operational success of its customers.  LGS’ offerings include:

4G wireless deployable communications for public safety, battlefield, and emergency and first responder communities

  • Cloud and data center infrastructure
  • Campus and building networking solutions for military bases, hospitals, and corporate centers
  • Maritime applications for in-port and at sea communications
  • Global networks (long-haul communications, including undersea cable)
  • Enterprise voice, video, and data networking
  • Network engineering, integration, and installation
  • Video teleconferencing and IPTV suites
  • Research and development in advanced multimedia/RF communications, cybersecurity, sensing technologies, and photonics

LGS Innovations is a U.S.-owned company headquartered in Herndon, Virginia, with offices in Colorado, Illinois, Maryland, New Jersey, New Mexico, and North Carolina.  Formerly a subsidiary of Alcatel-Lucent, LGS is also the exclusive reseller of Alcatel-Lucent products and services to the U.S. Federal Government and any other entity when the end customer is the U.S. Federal Government.  LGS maintains strong ties to Bell Labs and its technologies, and employs more than 450 scientists and engineers.  To learn more about LGS Innovations, visit www.lgsinnovations.com.

About Madison Dearborn Partners

Madison Dearborn Partners, based in Chicago, is a leading private equity investment firm in the United States.  Since Madison Dearborn’s formation in 1992, the firm has raised six funds with aggregate capital of over $18 billion and has completed approximately 125 investments.  Madison Dearborn invests in businesses across a broad spectrum of industries, including business and government services; basic industries; consumer; financial and transaction services; health care; and telecom, media and technology services.  Its noteworthy investments include Aderant, Asurion, Cbeyond, CDW Corporation, Fieldglass, Great Lakes Dredge & Dock Company, Intelsat, and Stericycle.  For more information, please visit www.mdcp.com.

About CoVant

Founded by former executives of Anteon International, CoVant invests in and provides strategic, financial and operational resources to a portfolio of companies specializing in technology and related solutions that serve the needs of government customers.  With an experienced team of business executives and a respected board of former government and military leaders, CoVant delivers a unique and highly strategic approach to maximizing company growth and value.  Visit www.covant.com for more information.

Press Contact for Madison Dearborn and CoVant

Chuck Dohrenwend, Abernathy MacGregor, cod@abmac.com, 212-371-5999

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Madison Dearborn Partners and CoVant Agree to Purchase LGS Innovations from Alcatel-Lucent
20 December 2013

Madison Dearborn Partners and CoVant announced today that they have agreed to buy LGS Innovations LLC, a leading provider of groundbreaking research and advanced networking and communications solutions to the U.S. federal government, from Alcatel-Lucent. Closure of the transaction is anticipated to take place in the first quarter of 2014, following the completion of regulatory approvals and consultations with the U.S. Government.

LGS Innovations was formed during the Alcatel and Lucent merger in 2006 as an independent subsidiary and sole channel to the U.S. Federal Government in response to Committee on Foreign Investment in the United States (CFIUS) requirements. With a heritage extending back over 60 years, LGS Innovations supports its customers with secure communications and networking solutions as well as advanced research and development in photonics, remote sensing, microtechnology and cybersecurity.

“This transaction will better enable us to serve our customers in the civilian, defense, and advanced programs communities by doing what we do best – researching, developing, and deploying secure networking and communications solutions,” said Kevin Kelly, CEO, LGS Innovations. “We are also excited that with new ownership comes an opportunity to apply our cutting-edge research to a new set of challenges.”

LGS Innovations employs nearly 700 people and is headquartered in Herndon, Virginia, with major facilities in Florham Park, New Jersey, Westminster, Colorado, High Point, North Carolina, and Lisle, Illinois. All employees, management, and business structures will transition to the new ownership team at closing to ensure seamless continuity with customers and other stakeholders.

The sale to a U.S.-based company owned by the Madison Dearborn/CoVant investor group will allow LGS Innovations to address markets and customers that previously were difficult to pursue under the company’s and its current parent’s security agreements with the U.S. Government. In addition, LGS Innovations will now be able to take Alcatel-Lucent’s products and services to a broader market to include the U.S. state and local government markets, the public safety and first responder community, foreign governments, and commercial enterprises.

Madison Dearborn, based in Chicago, is a leading private equity firm that invests across a broad spectrum of industries, including business and government services, while CoVant is a holding company focused on acquiring and growing companies in the federal technology solutions marketplace. CoVant, based in McLean, Virginia, was created by former executives of Anteon International, a private-equity backed government technology services company that was sold to General Dynamics Corp. in 2006 for $2.2 billion.

“LGS Innovations is a highly attractive business and we’re pleased to have the opportunity to enable the company to realize its full potential,” said Doug Grissom, a Managing Director at Madison Dearborn and the head of the firm’s Business and Government Services team. “Integral to our success will be LGS Innovations’s unmatched R&D capabilities, meaningful intellectual property and differentiated offering. We look forward to partnering with the management team and CoVant to support and advance these elements of the business to the benefit of LGS Innovations’s customers and employees.”

“With its impressive track record and some of the brightest minds in our industry, LGS Innovations is competitively positioned,” said Joseph Kampf, CEO of CoVant, and the former CEO of Anteon International and current board director of A-T Solutions. “We are excited to support the leadership team and employees with our experience and expertise in the Federal Government market.”

LGS Innovations will remain the exclusive reseller of Alcatel-Lucent products and services to the U.S. Federal Government. The company will also have exclusivity in sales to the integration and reseller community where the end customer is the Federal Government.

About LGS Innovations

LGS Innovations™ LLC solves the most complex networking and communications challenges facing the U.S. Federal Government. LGS Innovations delivers groundbreaking research and advanced networking and communications solutions that provide an information advantage and contribute to the mission success of its customers. Solutions include Infrastructure & Installation; Video Teleconferencing and IPTV Solutions; Public Safety and Emergency Communications, Tactical Communications; Wireless/Mobility; 4G/LTE; Cloud Solutions; Enterprise, Optical and Data Networking; Network Integration; and Research and Development in Advanced Multimedia/RF, Cybersecurity, sensing technologies, and Photonics.

LGS Innovations is headquartered in Herndon, Virginia, with offices in Colorado, Illinois, Maryland, New Jersey, and North Carolina. To learn more about LGS Innovations, visit http://www.lgsinnovations.com, read the latest posts on the LGS Innovations blog at http://www.lgsinnovations.com/blog, and follow the Company on Twitter: https://twitter.com/lgsinnovations. LGS Innovations: The Network Experts™.

About Madison Dearborn Partners

Madison Dearborn Partners, based in Chicago, is a leading private equity investment firm in the United States. Since Madison Dearborn’s formation in 1992, the firm has raised six funds with aggregate capital of over $18 billion and has completed approximately 125 investments. Madison Dearborn invests in businesses across a broad spectrum of industries, including business and government services; basic industries; consumer; financial and transaction services; health care; and telecom, media and technology services. Its noteworthy investments include Asurion, CDW, Fieldglass, MetroPCS, Nuveen Investments, TransUnion, and Yankee Candle. For more information, please visit www.mdcp.com.

About CoVant

Founded by former executives of Anteon International, CoVant invests in and provides strategic, financial and operational resources to a portfolio of companies specializing in technology and related solutions that serve the needs of government customers. With an experienced team of business executives and a respected board of former government and military leaders, CoVant delivers a unique and highly strategic approach to maximizing company growth and value. Visit www.covant.com for more information.

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Alcatel-Lucent agrees to sell LGS Innovations LLC, its US Federal Government-serving subsidiary, to Madison Dearborn Partners and CoVant

Transaction contributes to Alcatel-Lucent’s Shift Plan commitment to selling selective assets

Paris, France/Chicago, Illinois, December 20, 2013 - Alcatel-Lucent (Euronext Paris and NYSE: ALU) announced today that it has signed a definitive agreement for the sale of its subsidiary, LGS Innovations LLC, to a US-based company owned by a Madison Dearborn Partners-led investor group that includes CoVant.

The divestment forms part of the commitments outlined by Alcatel-Lucent in The Shift Plan. Announced in June the plan set out the strategy to reposition the company as a specialist in IP Networking and Ultra-Broadband Access, while reducing its fixed cost structure by Euro 1 billion and making selective asset sales to generate at least Euro 1 billion by the end of 2015.

The cash transaction agreed between Alcatel-Lucent and the Madison Dearborn/CoVant group will comprise a total amount of up to USD$ 200 million, of which 50 per cent will be paid at closing, and up to 50 per cent in a subsequent variable component to be determined on the divested company’s results of operations for the 2014 fiscal year. Closing of the transaction is subject to certain conditions, including US Government approvals, and is targeted to occur in the first quarter of 2014.

Michel Combes, CEO of Alcatel-Lucent, said: “We have, under The Shift Plan, made a firm commitment to divesting assets as and when the right opportunity arises for Alcatel-Lucent, and for the assets themselves. Today’s agreement with Madison Dearborn and CoVant represents the right opportunity for Alcatel-Lucent and LGS Innovations. We wish the LGS team well as they start a new chapter in their long and trusted service to the US Federal Government.”

LGS Innovations provides secure networking, satellite communications, VoIP, optical routers and other solutions for the US national security, defense, and advanced research communities, and has a heritage as a trusted partner of the US Federal Government extending back over 60 years.

Madison Dearborn is a leading private equity firm that invests across a broad spectrum of industries, including business and government services, while CoVant is a holding company focused on acquiring and growing companies in the federal technology solutions marketplace.

“LGS Innovations is a highly attractive business and we’re pleased to have the opportunity to evolve the company,” commented Doug Grissom, a managing director at Madison Dearborn and head of the firm’s Business and Government Services team. “We look forward to partnering with the management team and CoVant to the benefit of LGS Innovations LLC’s customers and employees.”

Joseph Kampf, CEO of CoVant, and the former CEO of Anteon International and current board director of A-T Solutions said: “We plan to capitalize on LGS Innovations’ competitive positioning and work to expand its presence within the US Government and drive its revenue by broadening its customer base, products, and solutions.”

ABOUT MADISON DEARBORN PARTNERS

Madison Dearborn Partners, based in Chicago, is a leading private equity investment firm in the United States. Since Madison Dearborn’s formation in 1992, the firm has raised six funds with aggregate capital of over $18 billion and has completed approximately 125 investments.  Madison Dearborn invests in businesses across a broad spectrum of industries, including business and government services; basic industries; consumer; financial and transaction services; health care; and telecom, media and technology services.  Its noteworthy investments include Aderant, Asurion, Cbeyond, Fieldglass, Intelsat, NextG Networks, QuickPlay Media, @stake, and Stericycle.  For more information, please visit www.mdcp.com.

ABOUT COVANT

Founded by former executives of Anteon International, CoVant focuses on acquiring and growing companies in the federal technology solutions marketplace.  With an experienced team of business executives and a respected board of former government and military leaders, CoVant delivers a unique and highly strategic approach to maximizing company growth and value.  Visit www.covant.com for more information.

PRESS CONTACT FOR MADISON DEARBORN PARTNERS AND COVANT

CHUCK DOHRENWEND, ABERNATHY MacGREGOR, cod@abmac.com, +1 212 371 5999

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CoVant Management and Madison Dearborn Partners
to Seek Investments in Federal Government Technology Services and Solutions Sector

McLean, VA and Chicago, IL, April 30, 2012 – CoVant Management II and Madison Dearborn Partners, LLC announced today that they will work together to identify and secure equity investments in the federal government technology services and solutions market. They will pursue investments through a vehicle called CoVant Technologies II LLC that will work to develop multiple platform companies focused on high-potential federal market segments.

CoVant Technologies II will build on CoVant Management’s expertise in the federal government services market and Madison Dearborn’s long-standing focus on technology-enabled services companies and experience with companies that work with the federal government. CoVant Management Co-Founder, Chairman and Chief Executive Officer Joseph Kampf and his colleagues will work closely with Madison Dearborn Managing Director Doug Grissom and his Business and Government Services team. Together, they will focus on high-growth areas within the federal government market, including IT, information/cyber-security, intelligence, mission support services, and systems engineering and integration.

CoVant Management is a Virginia-based partnership created by former executives of Anteon International, a private-equity backed government technology services company that was sold to General Dynamics Corp. in 2006 for $2.2 billion. In 2008, CoVant Management helped lead another private equity investment in A-T Solutions. CoVant Management is led by Joseph Kampf, the former Anteon CEO and current Chairman of A-T Solutions.

“CoVant Management is very excited to join with Madison Dearborn. Their excellent reputation and substantial resources complement our backgrounds and talents well,” said Mr. Kampf. “Our industry is entering a period of transition and we believe change creates opportunity. As we have in the past, we will look for great companies that can benefit from our unique operational experience and access to capital to build more value for their customers, employees and shareholders.”

“We are pleased to be working with Joe and his team to invest in what is a dynamic and critically important industry,” said Mr. Grissom. “CoVant Management shares our strategic vision and, importantly, our culture and values – all of which we think will be compelling to strong management teams looking to build and grow companies in this sector.”

In addition to representatives of CoVant Management and Madison Dearborn, the board of CoVant Technologies II will include five executives who have extensive federal government expertise. These individuals are:

  • Dr. William Perry, former U.S. Secretary of Defense and Professor Emeritus in the School of Engineering at Stanford University.
  • General H. Hugh Shelton, USA (Ret.), former Chairman of the Joint Chiefs of Staff, who served two terms as the nation’s principal military advisor to the President of the United States, the Secretary of Defense and the National Security Council.
  • General Paul Kern, Jr., USA (Ret.), former commanding general of the U.S. Army Materiel Command who currently serves as a Senior Counselor of The Cohen Group.
  • Dr. Paul Kaminski, former U.S. Under Secretary of Defense for Acquisition and Technology and current Chairman of the Defense Science Board.
  • Mr. Gilbert Decker, former President and Chief Executive Officer of the Penn Central Federal Systems Company and former Assistant Secretary of the Army for Research, Development, and Acquisition, who currently serves on the Board of Army Science & Technology at the National Academy of Sciences.

About CoVant Management
Founded by former executives of Anteon International, CoVant Management invests in and provides strategic, financial and operational resources to a portfolio of companies specializing in technology and related solutions that serve the needs of government customers. With an experienced team of business executives and a respected board of former government and military leaders, CoVant Management delivers a unique and highly strategic approach to maximizing company growth and value. Visit www.covant.com for more information.

About Madison Dearborn Partners
Madison Dearborn Partners, based in Chicago, is one of the most experienced and successful private equity investment firms in the United States. Since Madison Dearborn’s formation in 1992, the firm has raised six funds with aggregate capital of over $18 billion and has completed approximately 120 investments. Madison Dearborn invests in businesses across a broad spectrum of industries, including basic industries; business and government services; consumer; financial services; health care; and telecom, media and technology services. Its noteworthy investments include Asurion, CDW, Fieldglass, MetroPCS, Nuveen Investments, TransUnion, and Yankee Candle. For more information, please visit www.mdcp.com.

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Contacts:

Chuck Dohrenwend, The Abernathy MacGregor Group, 212-371-5999

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