In a move aimed at bolstering its cybersecurity offerings, SHI International has 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 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
SHI International, founded in 1989, is based in Somerset, New Jersey. The company has 6,218 employees 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, and lifecycle services.
There isn’t much online information available for Moot Inc., but the company appears to be headquartered in Wilmington, Delaware.
Strategic Enhancement of Cybersecurity Capabilities
The acquisition introduces Moot's automation technology into SHI's portfolio, which the company claims will lead to a reduction in security costs through the elimination of human error in various security workflows. Moot's platform offers orchestration for security baselines, privileged security, user management, and device management by leveraging an organization's existing tools.
This integration also strengthens Stratascale, SHI’s cybersecurity and digital solutions division, especially following its acquisition of Vector0 in September 2023, the company pointed out. Moot’s capabilities will complement Vector0’s focus on attack surface control and vulnerability management, automating processes to significantly reduce organizational attack surfaces, SHI said.
Thai Lee, president and CEO at SHI, commented:
"Helping customers stay vigilant in securing their environment requires a constant evaluation of new cutting-edge cybersecurity companies and technologies. But security should not hamper productivity. Our clients will appreciate the efficiency of Moot’s orchestration platform and help them enhance the technology investments they have already made while planning for future growth."
