Seems like these guys just can’t figure out who they are…or what they want to be when they grow up because they like to change names more often than a 15-year-old girl changes her hairstyle! Blackwater-Xe has morphed once again and has now been reborn as ACADEMI. Gosh, this must mean they’ve turned over a new leaf and will now be a kinder, gentler and uh…more academic(?) organization, right?
Contact: John Procter
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Leading Training and Security Services Provider Xe Services Announces Name Change to ACADEMI,
New name draws on company legacy while building on new leadership, governance and strategy
December 12, 2011 – Arlington, Va. – USTC Holdings, LLC, the investor consortium that acquired Xe Services, LLC, including its main holding U.S. Training Center, Inc. (USTC) in December 2010, today announced ACADEMI as the new name and brand for Xe Services. The name ACADEMI (pronounced “academy”) was selected to better communicate the new company’s focus on future growth.
“We have had a year of extraordinary changes that have resulted in a new, better company,” President and CEO Ted Wright said in a statement. The ACADEMI name communicates both our legacy and where we are going as a company in the future. This is more than a simple name change,” Wright continued. “Rather it is a reflection of the changes we have made while retaining those elements that made us who we are today – the best in our industry.”
The announcement of ACADEMI is the culmination of a year of change as part of the company’s new chapter of growth. Upon acquiring Xe Services and its core operating subsidiaries in December 2010, USTC Holdings, LLC indicated that it would form a new Board of Directors, including independent unaffiliated directors, to manage the company and enhance its governance and oversight capabilities. Now complete and led by Chairman Red McCombs, the Board is made up of an exceptional team with diverse backgrounds, including former White House Counsel Jack Quinn and former Attorney General John Ashcroft, to help guide company decisions and operations.
A new senior leadership team led by President and CEO Ted Wright was put in place, comprising experts with both government and private sector experience to develop a culture of operational excellence, governance, accountability and strategic growth.
Central to the company’s new focus, Suzanne Folsom was named the company’s first chief regulatory and compliance officer with a core company mandate to create an industry-leading governance and compliance program.
In July, the company relocated its headquarters to Arlington, Va., in order to foster even stronger relationships and exchanges with customers in and around Washington.
- Once called Blackwater, firm changes name again (alternet.org)
- Blackwater 3.0: Rebranded ‘Academi’ Wants Back In Iraq (wired.com)
- Ex-Blackwater firm renamed again (bbc.co.uk)