Dublin, 29th July 2021 – Vyta, the leading secure IT recycling company, today announces that its customers received €7 million from the resale of its old IT equipment in 2019 and 2020 – 51% higher than the previous two-year period. In the last five years, Vyta has returned €16 million to its customers by generating funds through sustainable and certified methods of IT disposal and recycling.
Over the past two years, Vyta collected and processed 1,691,826 devices as a part of its IT retirement and recycling service. Some of the devices that Vyta processed include, laptops, PCs, servers, USB sticks, hard drives, smartphones, and tablets. In the last two years alone, Vyta processed 178,000 PCs, laptops and 55,000 servers for recycling or resell.
Among all the devices that Vyta collected, more than 94% of laptops were recycled and resold, 76% of desktop PCs and 80% of servers, with some converted to parts to use for building new machines or for supporting warranties.
Companies across Europe are obliged under GDPR to ensure that their old IT equipment is cleansed of any data before disposal. In the past two years, Vyta securely sanitised 993,066 devices to meet the best standards in data erasure.
Vyta’s growth can be attributed to, new customer acquisition, increased number of buyers looking for recycled devices and increased retail sales. Since 2019, Vyta has acquired an additional 250 direct customers and indirect customers, with major partnerships developed with IT service providers who rely on Vyta for managing end-of-life services.
Vyta resells recycled devices through trade channels and via its RefreshedByUs.com ecommerce suite which sells devices directly to consumers and businesses. Warranties are provided to all customers with 12 months for end users, with the option to purchase warranty extensions if required. Education and charity clients get 36-month warranties.
Vyta’s business model is based on sustainability and helping customers reduce their environmental impact. By extracting maximum value from IT assets Vyta ensures that devices can be used effectively for as long as possible. Vyta utilises the world’s leading secure data erasure technologies and wipes each drive three times before passing it as 100% erased.
Vyta also partners with social enterprises and local charities to supply technology to support disadvantaged students. One in 10 desktops and laptops that come through each year are refurbished and supplied for social enterprise projects. One such project that Vyta actively supports is Camara Education, an international educational organisation dedicated to using technology to educate students.
Philip McMichael, Chief Executive Officer, Vyta said –
“Businesses are becoming more aware that old or redundant IT equipment can be a source of revenue. If a business resells a desktop, laptop or hard drive which is not 100% cleansed of data, they are compromising sensitive customer and company information and are in breach of GDPR.
“Our solutions are designed with security at its heart. We are the most certified IT disposal service provider in Ireland and hold 11 international ISO and quality standards, ensuring our customers can fulfil obligations under GDPR and environmental regulations while still receiving return revenue. The €7 million return Vyta has delivered to customers in the last 2 years is testament to this.
“Vyta’s entire business model is based on sustainability and helping clients reduce their environmental impact. We have a zero-landfill policy and ensure that 100% of disposals are handled in an environmentally responsible way. Our expert refurbishment process enables us to maximise the quantity of clients’ IT equipment that is sold on, thus providing a cost-effective solution and a significant revenue return for our clients. Recycling not only helps companies meet their compliance targets but also leads to sustainable processes in the supply-chain.”
In February this year, Vyta rebranded from AMI and are in the process of creating 60 new jobs.
Vyta is the new name for AMI. It helps organisations manage the secure retirement of their end-of-life IT, mobile and electrical equipment. Established in 2001, it has grown to be a world leader in securely managing IT retirement as evidenced by its ranking among the top four ADISA audited companies, and only one in Ireland. It leads based on its ability to minimise the risk of harmful data leaks from retired equipment; its exceptional customer service; and its ability to generate new revenue streams for customers post the refurbishment and resale of data sanitised devices. Its security conscious public and private sector customers include central and local government agencies, as well as 25% of Ireland’s top 200 ICT user companies. www.vyta.com