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

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

New Ownership Will Open Markets and Possibilities for Advanced Networking and
                      Communications Solutions Provider

Business Wire

HERNDON, Va. & CHICAGO & MCLEAN, Va. -- December 20, 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.

Contact:

LGS Innovations
Michael Segner, 703-584-5646
msegner@aboutsage.com
or
Madison Dearborn Partners and CoVant
Chuck Dohrenwend, 212-371-5999
cod@abmac.com