Somerset tech company SHI International reported $11.1 billion in 2020 revenue Feb. 17, a 4% rise year over year and a record for the company.
SHI had a busy year last year. The company, run by No. 8 on Forbes Self-Made Women list Thai Lee, launched consultative subsidiary Stratascale, struck new partnerships, and reportedly kept pace with the deluge of customer orders flowing through its two Integration Centers, the company said Wednesday. It also made a strategic investment in mLogica to accelerate the development of digital transformation technologies and cloud services offered by both companies.
SHI’s Public Sector division notched a 16% rise in revenue year over year, stemming from SHI working with municipal, state, and federal level government entities, and academic institutions from K-12 through higher education, as they adjust to the impacts of COVID-19. Public Sector topped $3 billion in revenue for the first time in 2020, joining the ranks of the other two $3 billion business units, the Enterprise/Global and Commercial divisions.
With its second IC going online in the latter part of 2019, SHI more than doubled the previous largest annual volume through its ICs in 2020, playing a pivotal role in supporting supply chain optimization while expanding its capacity to deliver fully integrated rack and data center solutions, the company announced.
Thai Lee, CEO and president, SHI International. – AARON HOUSTON
“For all the reasons that require no explanation, the past 12 months represent one of the most challenging professional years most of us will ever face,” said Lee, president and CEO of SHI in a prepared statement. “Yet throughout 2020, from our essential onsite employees to those balancing increased responsibilities and decreased bandwidth at home, our dedicated employees went above and beyond to provide customers world-class service when they most needed it.”
“As we step into 2021 optimistic that the light at the end of the tunnel is within reach, we’re already seeing positive signs of a return to mid-market growth, powered by businesses reinvesting in IT,” Lee said. “We continue to stand ready to help our customers meet uncertainty with hybrid workforce strategies and supporting technologies that bring them closer to their goals.”
