Our Team

Edward Zabitsky, Principal and CEO, ACI

My experience as a buy-side analyst, a sell-side analyst, and a strategic consultant/banker gives me an industry knowledge base and investing toolset that is matched by few in high tech today. I have also been fortunate to work with some of the best minds in the financial industry.
At Connor Clark, a manager of $1.8 billion for high net-worth individuals, I sat on the investment committee with Gerald Connor, who is renowned for his value investing style. I covered the technology, mining and airline industries. I practiced fundamental research by attending trade shows at a time when most analysts were only going to conferences and listening to management sales pitches. 
I started ACI Research in 1997 in order to consult on the telecom industry to large high-tech mutual funds. I was a pioneer in disclosing my shareholdings to my clients, which included T. Rowe Price, Tudor Asset Management, Friess Associates, Wellington Management, Salomon Smith Barney and others. 
I changed the mission of ACI Research in September 1999 to assist promising small to mid-sized public companies to strive through the telecom industry's pending consolidation. I have assisted with the finance strategy, product definition and development, strategic partnership and asset divestitures. My flagship client, Ramtron International Corp. (RMTR-O), has grown its core business in excess of 10x since the beginning of my involvement.
In 2004, I returned to consulting on telecom hardware and components. I focus on longer-term competitive factors and end-market business drivers, as well as product cycles. 

Liza Stern, Chief Operating Officer

In the fall of 2008, I joined ACI Research as Chief Operating Officer. My experience in both the high-tech and financial industries gives me the skill-set to help successfully manage ACI‘s growth and client relationships.
As an IBM project manager, I worked on executing company mergers, acquisitions and divestitures, both large and small. I also led key initiatives in mainframe to desktop migration and Year 2000 readiness. My strong facilitation skills brought diverse groups together and ensured success.  I was involved in all elements of the plan cycle including identification, detailed preparation, reporting and tracking of multi-million dollar budgets.  Substantial change management accomplishments allowed my clients to thrive in an ever-evolving environment.   


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