CHICAGO — Rutgers’ stadium has a new name as the Scarlet Knights embark on their 150th year of college football.

Three weeks after its eight-year deal with High Point Solutions expired, Rutgers has signed a new naming-rights deal with a New Jersey-based IT solutions provider.

Rutgers on Friday announced a multi-year partnership with SHI International Corp., a Somerset-based company founded in 1989 that claims to offer “custom IT solutions for every aspect of the business environment’’ and is said to be a global provider of technology solutions and products with more than 20,000 United States customers.

The new name will be SHI Stadium (pronounced by the initials S.H.I.)

While Rutgers didn’t officially announce the financial terms, a person familiar with the contract told NJ Advance Media it’s a 7-year deal starting at $1.25 million and increasing by $100,000 annually to $1.85 million in 2025-26.

In June 2011, Rutgers agreed to an eight-year naming rights deal with then-named High Point Solutions worth $600,000 annually. So essentially Rutgers Athletics Director Pat Hobbs more than doubled the previous stadium naming-rights amount in Year 1 and more than tripled it in Year 7 with a $10.85 million guarantee.

"As the State University of New Jersey, we are thrilled to partner with SHI,” Hobbs said in a statement. “Headquartered right here in Somerset, SHI proudly embraces its strong Rutgers ties. As we celebrate the 150th Anniversary of college football here at the Birthplace, we are delighted to partner with a company that shares in our Relentless Pursuit of Excellence. This partnership will positively impact athletics, the university and the New Jersey community.”

In a press release, Rutgers said SHI "will enjoy significant brand exposure through signage in and around the stadium, including exterior stadium signage, scoreboard signage, campus directional signage and logo placement on the field.''

"This partnership formalizes the strong bond that has existed between Rutgers and SHI for almost 30 years,” said Thai Lee, president and CEO of SHI International. “Nearly 350 Rutgers alumni currently work at SHI, and more of our employees earned their degree at Rutgers than any other single college or university. With deep roots in New Jersey and influence felt around the globe, both SHI and Rutgers share a history, culture, and commitment to excellence that will make this partnership especially rewarding.”

The Rutgers football team as well as both the men’s and women’s lacrosse teams play inside the 52,454-seat venue that was called Rutgers Stadium from its inception in 1938 until 2011. The university also holds its annual commencement inside the stadium and Rutgers is expected to consider adding other events in an effort to increase athletics-department revenue in the decade ahead.

Rutgers’ stadium name was tweaked to HighPoint.com Stadium last season after the Sparta, N.J.-based company took “solutions’’ out of its name, according to the company’s co-founder Tom Mendiburu.

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Rutgers will host its first sporting event at the newly named SHI Stadium on Friday, Aug. 30, when the Scarlet Knights celebrate their history as the Birthplace of College Football and the sport’s 150th anniversary with a 7:15 p.m. Eastern clash against UMass.

Keith Sargeant may be reached at ksargeant@njadvancemedia.com. Follow him on Twitter @KSargeantNJ. Find NJ.com Rutgers Football on Facebook.