SHI International Corp. announced Monday the acquisition of Locuz Enterprise Solutions Ltd., an India-based cybersecurity and digital transformation services company.
The multibillion-dollar Somerset company, perhaps best known for having the naming rights at Rutgers University’s stadium, hopes this move will enhance its managed services capabilities, including the addition of a fully managed network operations center and security operations center. It also hopes the move will strengthen global security and its data center and cloud practices.
Terms of the deal were not announced.
SHI CEO Thai Lee was excited about the acquisition and how it will serve customers.
“SHI’s acquisition of Locuz is more than a strategic expansion; it is a direct investment in our customers’ success,” Lee said. “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.”
SHI hopes this integration of over 800 Locuz employees into its workforce will intensify SHI’s commitment to providing advanced managed services to its global customers and will provide offshore capabilities. This acquisition is in line with the growing demand in the data center economy, offering customers improved operational management, hosting and infrastructure services required for the digital and artificial intelligence-driven landscape’s expansion.
The acquisition is expected to close in the third quarter and is subject to customary closing conditions.
Locuz President Uttam Majumdar and Managing Director Vijay Wadhi were confident about the formation with SHI.
“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 customers,” the pair said in a statement.
