Our strategic partnership with MarkITx has unlocked significant value for both Jones Lang LaSalle and the clients who trust us to optimize their data center investments.
Chicago, IL (PRWEB) November 20, 2013
MarkITx (http://www.markitx.com), a transparent marketplace for buying and selling used IT equipment, announced today it has been selected by Jones Lang LaSalle, one of the nation’s largest real estate brokerage firms, to deliver cost efficiencies to its data center practice and help the firms’ clients derive more value from their IT investment.
The MarkITx exchange empowers Jones Lang LaSalle and its clients to offset the cost of new IT infrastructure by listing depreciated or obsolete equipment on the exchange and recouping the maximum value as determined by the real-time secondary IT market. As an active member of MarkITx, Jones Lang LaSalle has successfully traded its own IT equipment on the exchange and the Data Center team is already helping clients list their inventory to determine the current market value.
“Our strategic partnership with MarkITx has unlocked significant value for both Jones Lang LaSalle and the clients who trust us to optimize their data center investments,” said Matthew Carolan, Managing Director at Jones Lang LaSalle. “Data center infrastructure has become commoditized. Finding a more sustainable outlet for decommissioned IT equipment and understanding the optimal time to plan a technology refresh is a real asset to the bottom line.”
Jones Lang LaSalle’s Energy and Sustainability team is involved in more than 20,000 sustainability projects on an annual basis including data center strategy planning, site due diligence/selection, facility options analysis, incentives planning and real estate representation. These efforts have proven to reduce both the brokerage clients’ environmental footprint as well as operating costs.
“Beyond the obvious benefit of recovering maximum value from used IT equipment, companies like Jones Lang LaSalle are leveraging our predictive IT marketplace to not only understand what to trade, but also when it is most opportune to do so,” said Frank Muscarello, Founder and CEO of MarkITx. “Our relationship with Jones Lang LaSalle is further validation that the IT industry can realize both cost and environmental benefits from a neutral and transparent IT exchange.”
Similar to a global commodities exchange, MarkITx facilitates real-time transactions between IT buyers and sellers, acting as a matchmaker rather than a markup middleman. The company provides pricing guidance for members by leveraging a proprietary algorithm to calculate the current fair-market value for products listed on the exchange. Since the beginning of the year, daily trade value on the exchange is up 820%, trade volume has increased 15x and transaction volume is up 8x in the last three months.
MarkITx is a technology company that is transforming the way the world trades IT hardware. Using predictive algorithms, the company’s transparent online marketplace helps enterprises recoup as much as 40% of their original IT investment by providing a fair market value of IT equipment in real-time. MarkITx eliminates risk at every step by maintaining anonymity between parties and keeping funds in escrow until equipment has passed a thorough inspection and certification from a qualified OEM refurbisher. Founded in 2012 by a team of serial entrepreneurs, the Chicago-based company currently serves more than 1,200 customers and is doing business on five continents. For more information, visit http://www.markitx.com or follow @MarkITx.