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Once called Blackwater, firm changes name again

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AFP
December 13, 2011

WASHINGTON — The US security firm formerly known as Blackwater, which was barred from Iraq over a deadly 2007 shooting, renamed itself a second time Monday.

USTC Holdings, the investor consortium that acquired ex-Blackwater firm Xe Services in December 2010, announced ACADEMI as the new name and brand for Xe Services.

The rebranding came as President Barack Obama met with Iraqi Prime Minister Nuri al-Maliki Monday, marking America’s exit from a war launched to oust Saddam Hussein.

“We have had a year of extraordinary changes that have resulted in a new, better company,” ACADEMI president and chief executive Ted Wright said in a statement.

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This article was posted: Tuesday, December 13, 2011 at 9:22 am





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