Blackwater changes name again

A security firm that changed its name after civilian deaths in Iraq and Afghanistan on Monday announced yet another name change. Xe Services, which until March 2009 had been Blackwater, is now Academi -- a name chosen, the firm says, to reflect Plato's institution for developing warriors and thinkers. "We have had a year of […]

MSNBC reports:

A security firm that changed its name after civilian deaths in Iraq and Afghanistan on Monday announced yet another name change. Xe Services, which until March 2009 had been Blackwater, is now Academi -- a name chosen, the firm says, to reflect Plato's institution for developing warriors and thinkers.

"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 posted on the company's website.