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

ARLINGTON, Va. - Monday, December 12th 2011 [ME NewsWire]

(BUSINESS WIRE)-- 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 Rich 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.

Finally, the new ACADEMI name also represents the company’s refocused strategy on training and security services.

ACADEMI has trained more than 50,000 personnel and has conducted more than 60,000 protective security missions around the globe during the last seven years. Not a single protectee has been lost or critically injured, a record of excellence that no other company in the industry can match.

“This is a momentous day for the company,” Wright continued. “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. We are already the best operationally. We are going to become the best at governance. We still have much work to do, but the ACADEMI name represents that commitment.”

Plato’s Akademia, established in the third century B.C., was an institution that produced the best thinkers and warriors alike. These were elite individuals capable of facing the challenges of the time thanks to a strong foundation in training, strategy and strength, both mental and physical.

ACADEMI is a modern representation of that Platonic vision.

ACADEMI is a leading provider of training and security services focused on worldwide operations in support of the United States Government and other customers. The company continues to have the best performance-record and assets in the industry.

ABOUT ACADEMI

ACADEMI is the pre-eminent global provider of training and technical services focused on counterterrorism, force protection, law enforcement and security operations. Across its four vertically integrated business divisions – domestic training, international training, security services and logistics – the company serves the U.S. Department of State, the U.S. Department of Defense, the U.S. Navy, numerous law enforcement and other government customers. ACADEMI’s proven ability to provide turnkey, end-to-end training and technical services, along with its unmatched track record of exceptional performance, has enabled the company to establish a competitive advantage well-recognized by its customers.

Contacts

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John Procter, +1 (703) 587-9967