As part of a move aimed at strengthening its cybersecurity offering, SHI International announced the acquisition of Moot, Inc., an automated security solutions provider. Financial details of the transaction were not disclosed.
This is technology M&A deal number 63 of 2024 covered so far by ChannelE2E and MSSP Alert. His over 2,000 technology M&A deals from 2024, 2023, 2022, 2021, and 2020 are listed here.
SHI International was founded in 1989 and is based in Somerset, New Jersey. The company has 6,218 employees and he is listed on LinkedIn. SHI's areas of expertise include software, hardware, security, data center, storage, IT services, procurement, asset management, mobility, unified communications, cloud, volume licensing, virtualization, networking, infrastructure, configuration, customization, Includes lifecycle services.
There isn't much online information available about Moot Inc., but it appears that the company is headquartered in Wilmington, Delaware.
Strategically strengthening cybersecurity capabilities
The acquisition brings Moot's automation technology to SHI's portfolio, which the company claims will lead to lower security costs through the elimination of human error in various security workflows. Moot's platform leverages an organization's existing tools to provide orchestration of security baselines, privileged security, user management, and device management.
The company notes that this integration will also strengthen SHI's cybersecurity and digital solutions division, Stratascale, especially after the acquisition of Vector0 in September 2023. SHI said Moot's capabilities complement Vector0's focus on attack surface control and vulnerability management, automating processes and significantly reducing an organization's attack surface.
Ty Lee, President and CEO of SHI, commented:
“Helping customers stay vigilant in securing their environments requires continuous evaluation of new and cutting-edge cybersecurity companies and technologies. Our clients will appreciate the efficiency of Moot's orchestration platform and it will help them enhance the technology investments they already have.” Built for future growth. . ”
