Number of employees
2700
Annual revenue
$800000000
Early on in its history, Redemtech became a champion of change when it recognized that the future could not repeat the past.IT asset recovery was a fragmented end-of-life tactic to sell off or dispose of used IT equipment. Getting rid of aging technology was a by-product of major companies’ periodic tech refresh cycles, and residual value recovery was the key priority.But end-of-life challenges would not stay that simple: the tidal wave of surplus used equipment was causing huge problems, including managing the volumes, controlling data security and avoiding e-waste regulatory nightmares. And residual values were plummeting as the prices of new equipment continued to fall.