Dec 14

Once called Blackwater, firm changes name (Sydney Morning Herald/AFP, Dec. 13, 2011):

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

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 on 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.

“I know that everyone at ACADEMI shares in this commitment to promote the highest standards of ethical conduct, compliance and integrity in all of our activities.

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