The acquisition of ServoTerra means that we’re better able to address the varying needs of enterprises, manufacturers and recyclers, who can now look to ECS Refining for a flexible approach that solves their asset disposal and remarketing needs.
Santa Clara, Calif. (PRWEB) June 21, 2011
ECS Refining, a recycling and end-of-life services company that specializes in electronics and industrial equipment, has acquired ServoTerra, a company with a SaaS (software-as-a-service) platform that provides a business-to-business e-commerce exchange for the remarketing and disposal of computer/IT equipment. The acquisition of ServoTerra and its cloud-based, market-proven technology enables ECS Refining to broaden its service offerings with additional IT asset disposition (ITAD) resale capabilities for its OEM, VAR, enterprise, and electronics recycling customers.
The rapid pace of technological innovation means that enterprises of all sizes are continually upgrading IT equipment, requiring them to seek mechanisms for the management and disposal of assets that may have substantial market value. The ServoTerra e-commerce exchange offers businesses a trusted and environmentally compliant marketplace to realize the true market value of these used capital assets. It features a closed-loop, multi-market model that connects sellers (asset owners) either anonymously or directly to buyers, and lets asset owners proactively decide whether the asset will be redeployed internally, remarketed, or (if it has no market value) simply consigned directly to a recycler.
“The acquisition of ServoTerra means that we’re better able to address the varying needs of enterprises, manufacturers and recyclers, who can now look to ECS Refining for a flexible approach that solves their asset disposal and remarketing needs,” said Jim Taggart, CEO and founder of ECS Refining. “By placing control of IT asset disposal in the hands of our customers, we can help them maximize the value of their end-of-life assets and present them with a complete set of options, ranging from remarketing and refurbishment through environmentally focused end-of-life options.”
ServoTerra will continue to operate as a wholly owned subsidiary of ECS Refining. ServoTerra co-founder Kevin Scanlon will join ECS Refining as president of ServoTerra and general manager of United Datatech, an asset recovery and resale division of ECS Refining.
About ECS Refining
ECS Refining is a recycling and end-of-life services company specializing in electronics and industrial equipment. For over 30 years, ECS has utilized a variety of approaches, including recovery and refining, asset management, and refurbishment and resale, to optimizing our services for maximum value recovery and a sustainable outcome. Because we work with such a wide variety of materials from hundreds of different sources, and have strong connections with partners both upstream and downstream, we’re adept at applying our skills and knowledge to formulate smart and planet-friendly solutions for our customers. Recycle responsibly. Recycle with ECS Refining. For more information about our operations and the latest news from ECS Refining, visit our website, blog, Facebook page, and Twitter page (@ecsrefining).