Chicago, IL (PRWEB) September 16, 2014
MarkITx, a transparent marketplace for buying and selling used enterprise IT equipment, announced today that Ryan Kasten has joined the company as CFO. In this role, Kasten is responsible for overseeing financial and accounting operations for the growing business.
Kasten comes to MarkITx with broad experience across multiple industries in association with major private equity firms. Over his career he has been successful in starting, developing and growing organizations.
“MarkITx is a technology company but financial management is integral to our DNA, as our marketplace helps companies maximize the ROI of their enterprise IT,” said Frank Muscarello, CEO. “With Ryan’s strong financial management experience and track record leading fast-growing organizations, MarkITx is very well-positioned to accelerate the rapid growth of our IT equipment marketplace.”
Previously, Kasten was Chief Accounting Officer and Senior Vice President Finance for a Blackstone portfolio company, NantPharma, LLC, where he was instrumental in developing the financial operations and strategic vision of this early-stage pharmaceutical manufacturer. Prior to NantPharma, Kasten was CFO at Equable Ascent Financial, LLC, a financial services company owned by Cerberus Capital Management. From its inception, Kasten grew the organization to $267 million in revenue until successfully selling the business.
“MarkITx helps technology departments gain a seat at the table when it comes to the financial decisions that drive their companies’ growth,” said Kasten. “It’s exciting to show CTOs and CFOs how they can work together to have more IT budget flexibility. Combined with my role of helping support MarkITx’s rapid growth, I’m thrilled to be on board.”
For more information about MarkITx, please visit https://www.markitx.com/
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 3,000 customers and is doing business on five continents.
For more information, visit http://www.markitx.com or follow @MarkITx.