SHI acquires Indian cybersecurity company

Listen to this article

Somerset-headquartered SHI International Corp. this week announced it entered into a definitive agreement to acquire Locuz Enterprise Solutions Ltd., an Indian cybersecurity and digital transformation services company.

SHI, a leading global provider of innovation technical solutions, says the deal will enhance its managed services capabilities. The transaction includes the addition of a fully managed Network Operations Center (NOC) and Security Operations Center (SOC). It would also fortify SHI’s global security, data center and cloud practices.

Locuz brings with it more than 800 skilled employees, who will integrate into the SHI workforce. The company notes that the acquisition underscores its commitment to providing exceptional, advanced managed services and offshore capabilities to its global customers. Additionally, the move is in line with the growing demand in the data center economy for improved operational management, hosting and infrastructure services to support the digital and AI-driven landscape’s expansion, SHI said.

RU rah rah

In February, Rutgers Athletics and SHI International extended their naming rights partnership for SHI Stadium in Piscataway. Read more about the five-year deal here.

SHI President and CEO Thai Lee described the Locuz acquisition as more than just a strategic expansion.

“It is a direct investment in our customers’ success,” said Lee. “The addition of Locuz will be a key component of our mission to deliver comprehensive solutions that address the complex needs of our customers globally. Customers can expect to benefit materially from our combined advanced service capabilities.”

Locuz leaders said the move marks an exciting next chapter for the company.

“Our established security, cloud, and high-performance computing practices, combined with state-of-the-art delivery and innovation hubs, will translate into more robust and comprehensive offerings for SHI’s customer,” said Uttam Majumdar, president, and Vijay Wadhi, managing director, of Locuz.

The acquisition is subject to customary closing conditions; it expects to close in the third quarter of this year. Financial terms were not disclosed.