Embedded computing specialist GE Intelligent Platforms is changing its name to Abaco Systems as a result of the company's acquisition last September by New York-based private equity firm Veritas Capital. Rebranding the company's embedded computing products and systems to the Abaco Systems name begins immediately, as company officials work to close the acquisition and transfer ownership from General Electric Co. to Veritas Capital. General Electric officials announced in September that they are selling the General Electric embedded computing business based in Huntsville, Ala., known as GE Intelligent Platforms, to Veritas Capital. The embedded systems business has been part of GE largely since 2006 when GE acquired leading embedded computing companies Radstone Technology PLC and SBS Technologies. Earlier GE had acquired embedded computing companies VMIC in 2001 and RAMiX in 2003.
FOR MORE INFORMATION visit GE Intelligent Platforms online at www.geautomation.com, or Veritas Capital at www.veritascapital.com.
