lms.exe is a legitimate non-system process that is usually installed together with Intel software. This process is a Local Manageability Service which is a core service of Intel's active management technology aimed at enterprises mostly. However, it can also be found on home user's computer. That's because it is also installed by default on Intel-based retail computers so that enterprise IT departments could discoer it. Lms.exe process is not a windows core file but it is legitimate.
Some security experts report that this file is 43% dangerous. As lms.exe is a non-system process and it is not involved in running the OS, it can be stopped or you can get rid of this file by uninstalling Intel(R) PRO Network or Intel(R) Management Engine Components through Add/Remove Programs list. However, we also recommend scanning your computer with UPDATED anti-malware program if you think that lms.exe is malicious and may be used by hackers to hide malware activity under this process.