October 02, 2017
Abaco Systems Names Rich Sorelle Chief Executive Officer
Defense Electronics Veteran Brings Track Record of Growth and Innovation
HUNTSVILLE, Ala.--(BUSINESS WIRE)--Abaco Systems (“Abaco”), a provider of leading-edge rugged, embedded mission-ready systems, today announced the appointment of Rich Sorelle as Chief Executive Officer, effective immediately. Abaco is a portfolio company of Veritas Capital.
“The embedded computing market is at a vibrant and exciting stage,” said Mr. Sorelle. “Over the past two years, Abaco has established itself as a leading, independent provider of advanced computing and radio frequency systems, and I’m excited to help the company enter its next stage of growth and capitalize on the significant opportunities in the market. We will continue to invest in our core offerings and partner with customers to deliver the next generation of capabilities critical to their continued success.”
Mr. Hugh D. Evans, a Managing Partner of Veritas Capital, said, “We are pleased to welcome Rich as Abaco’s new leader, based in Huntsville. Rich’s wide-ranging expertise in the defense electronics markets, proven track record of capturing transformational new program wins, deep relationships with aerospace, defense and government customers, and successful history of new product introductions and operational excellence will advance Abaco’s position in the rapidly accelerating embedded computing market. Rich will drive the Company’s growth and deliver innovative technology solutions to the nation’s most critical programs and systems.”
Mr. Sorelle brings over 30 years of experience as a defense electronics executive across a variety of roles, with deep professional experience in manufacturing, engineering, program management, and business development. He joins Abaco from a 20-year career at ITT/Exelis, where he most recently served as President of the Electronic Systems division. In this role, Mr. Sorelle was responsible for creating and managing a strategic platform focused on Electronic Warfare. Mr. Sorelle started his career at Grumman Corporation, a predecessor of Northrop Grumman, and received a Bachelor of Science degree in Electrical Engineering from the New York Institute of Technology.
About Abaco Systems
With more than 30 years’ experience, Abaco Systems is a global leader in open architecture computing and electronic systems for aerospace, defense, commercial and industrial applications. We create innovative, modular solutions based on open standards that are characterized by outstanding price/performance, ultimate rugged reliability and minimal SWaP. Our goal is to be a significant contributor to our customers’ success, partnering with them to reduce cost, time-to-deployment and risk and supporting them over the long term. With an active presence in hundreds of national asset platforms on land, sea and in the air, Abaco Systems is trusted where it matters most. More information can be found at www.abaco.com.
About Veritas Capital
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology or technology-enabled solutions, to government and commercial clients worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. Veritas Capital seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. For more information on Veritas Capital and its current and past investments, visit www.veritascapital.com.