MarkITx Selected by AlwaysOn as an OnFinance Top 100 Winner

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MarkITx, a global IT hardware exchange, recognized for game-changing approaches and technologies that are likely to disrupt existing markets

MarkITx, a global IT hardware exchange, today announced that it has been chosen by AlwaysOn as one of the OnFinance Top 100 winners. Inclusion in the OnFinance 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. MarkITx was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and FinTech buzz.

MarkITx and the OnFinance Top 100 companies will be honored at AlwaysOn’s OnFinance event on April 30, 2015, at NASDAQ OMX, 4 Times Square, NYC, NY.

This exclusive event gathers the brightest minds at OnFinance for a lively exchange on the top trends and most lucrative entrepreneurial opportunities in business, personal finance, and digital currencies.

“The OnFinance Top 100 represents the best-of-breed of private companies in the b2b and personal finance, crowdfunding, payments, and digital currency sectors,” explained AlwaysOn founder and editor, Tony Perkins. “Given the growing demand by both consumers and Fortune 100 companies for new generation Fintech solutions, and the amount of investment dollars pouring into the space, the OnFinance Top 100 private companies are well positioned to be the fastest growing and most highly valued new companies on the planet.”

The OnFinance 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2015 list.

“IT hardware is a commodity. Finally, it can trade like one,” says CEO Frank Muscarello who founded the company to bring the same market-driven principles of transparency and fairness found in other commodity exchanges to the enterprise IT hardware market. While companies are focused on maximizing return on IT investments, few are focused on the value of existing IT equipment. Most often, companies depreciate the equipment down to zero in 3-5 years, and then sell it for little to nothing. Further, risks associated with chain of custody, data security and the environment remain a concern.

MarkITx provides an alternative approach that is designed to deliver up to 5x the return vs. existing alternatives. With more than 300 trades across 5 continents, enterprises have been able to recoup 30% or more of the original value back after 3 years of usage. Among its value-add services is a free, fair market value report so that customers know the value of their equipment throughout the lifecycle.

A full list of all the OnFinance 100 winners can be found on the AlwaysOn website at http://www.aonetwork.com.

About MarkITx
MarkITx is a neutral and transparent exchange that uses pricing intelligence to enable fair, secure and seamless trading of high-quality IT hardware. Founded in 2012 by a team of serial entrepreneurs, the Chicago-based company currently serves more than 4,200 customers and is doing business on five continents. For more information, visit http://www.markitx.com or follow @MarkITx.

About AlwaysOn

AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor, Tony Perkins in 2003, AlwaysOn’s mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.

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Karthik Iyer
MarkITx
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