"This is a momentous day for Abaco Systems," said Ira Bernie, president and CEO of Abaco Systems. "Today, we begin the next stage in our company's future—the pursuit of a strategy focused on meeting the needs of customers seeking technology and integrated systems that can withstand the harshest high-performance conditions. I am very proud of our team who have prepared us for this day, and very grateful for the support we have received from our customers during the transition process.".
Customers have been notified of the change in ownership and have welcomed the news of the new Abaco Systems.
Veritas Capital, a leading private equity firm that invests in companies that provide critical products and services to government and commercial customers worldwide, acquired Abaco Systems from GE.
