ACADEMI — ex-Blackwater — Boosts State Dept Business, Eyes Acquisitions:

AOL Defense June 8, 2012

How confident is the new management at private security contractor ACADEMI — formerly known as Xe and, also, infamously, as Blackwater — that they’ve turned the company around?

Last month, apparently without attracting any public attention (until now), they quietly bought another security firm, International Development Solutions, and took over its piece of the State Department’s $10 billion World Protective Services contract, which then-Blackwater got kicked out of years ago.

And ACADEMI plans on further acquisitions, CEO Ted Wright confirmed in an exclusive interview with AOL Defense.

The company has spent a year rebuilding and is set to grow again, said Wright, who took over in June 2011. (He was hired by a new ownership team that bought out Blackwater founder Erik Prince the previous December). “The things we said we were going to do a year ago, we’ve kind of done,” said Wright, just back from visiting employees in Afghanistan.

Since he started, the company has not only a new name but a new management team, a new board of directors — in fact it didn’t even have a board before — and a new corporate headquarters in Arlington, looking across the Potomac River straight at the headquarters of the State Department. Many of the employees doing security work in the field are new, Wright said, and the core of ACADEMI’s business, its training cadre, has turned over almost completely: Only about 10 instructors remain from the old days, compared to 30 new hires, with another 20 on the way.

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