IT solutions firm SHI posts 7.56B in revenue for 2016

IT solutions company SHI International Corp., one of New Jersey’s largest privately held business, announced Tuesday it ended 2016 with $7.56 billion in revenue.The Somerset-based company said its revenue was a 12 percent year-over-year increase.

Domestically, all sales divisions experienced growth, which included 16 percent gain for the corporate in SMB division, 13 percent for public sector and 8 percent in the commercial and strategic enterprise division. Internationally, there was a 22 percent growth in the United Kingdom division.

SHI cited many milestones, including surpassing $7 billion in revenue and having over 3,500 employees each for the first time.

“SHI’s growth has always hinged on forging new partnerships, reinforcing established ones, and reinvesting in resources and technologies that better serve our customers’ needs,” CEO and President Thai Lee said in a statement.

“Adapting to our customers’ evolving IT requirements has always been a cornerstone of SHI’s success, fueling our growth in 2016 and beyond. Later this quarter, we will officially open our Customer Innovation Center to allow customers an immersive, hands-on experience in selecting the cutting-edge technology that is best for their unique environments. These types of enhancements show that even as we expand, we remain committed to staying nimble, responsive and dedicated to the individual needs of both our customers and our employees, reaffirming our place as an industry leader, and making us one of the best IT solutions providers to work with — and for — year after year.”

SHI said four of its top 10 partnerships saw double digit growth in 2016, including a 24 percent jump in Cisco revenue and 13 percent boost in Microsoft. The company also noted the opening of its new Integration Center, which doubled its warehousing and hardware capacity.