May 19, 2020

Madison Dearborn Partners and CoVant to sell LGS Innovations to CACI International for $750mn

Cybersecurity
CACI International
Madison Dearborn Partners
LGS Innovations
hotmaillogin
3 min
Madison Dearborn Partners and CoVant to sell LGS Innovations to CACI International for $750mn

In a joint announcement made this Wednesday, private equity investment firms Madison Dearborn Partners and CoVant Management revealed plans to sell subsidiary company LGS Innovations to CACI International Inc. Headquartered in Herndon, Virginia, LGS Innovations is a technology company specializing in the provision of command, control, communications, computers, intelligence, surveillance, and reconnaissance and cyber products and solutions to the United States’ defence, intelligence and civilian agencies around the world.

CACI International, a provider of information solutions and services in support of US defence, intelligence and national security customers, will pay a total of $750mn for LGS Innovations.

Matt Norton, a Managing Director on MDP’s Business and Government Software and Services team, said: “We are proud to have worked alongside CoVant in our successful partnership with LGS Innovations. Over the past five years, we evaluated and supported significant R&D investments to grow the business organically – initiatives that we believe have benefited LGS Innovations’ customers and employees and our country. We wish the LGS team well as they start a new chapter, and we are confident they will continue to invent new groundbreaking technology products and capabilities as an important growth engine within CACI.”

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With approximately 1,300 employees, including more than 900 scientists and engineers and a world-class leadership team, the company possesses a successful track record in the development and deployment of mission-focused technological innovations and solutions to the U.S. national security, defense, and advanced research communities. These innovative products and capabilities include real-time spectrum interference detection and management systems, automated tools to diversify commercial software code and make it less susceptible to cyberattack, and space-qualified optical communications systems that enable high-speed data transmission by laser over distances approaching 150 million miles.

"We want to acknowledge the outstanding strategic execution of the LGS team during our ownership, and the important contributions they have made to their customers' missions," said Joseph Kampf, Chairman of LGS Innovations and Chairman & CEO at CoVant. "They are well-positioned to continue delivering innovative technology solutions for our national security as a part of CACI."

Kevin L. Kelly, Chief Executive Officer of LGS Innovations, said: “We are thankful for the support of MDP and CoVant and their willingness to invest in our growth, and we are excited about the combination of LGS and CACI. We believe our market leading C4ISR and cyber capabilities and culture of innovation, along with CACI’s extraordinary channels to customers, and our shared mission focus will accelerate growth and market penetration for the combined enterprise.”

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Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

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