CTL, a cloud-computing leader for education and enterprise, announced that it has acquired 3R Technology of Kent, Washington. CTL will assume immediate ownership, retaining 100% of 3R Technology’s employees and facilities, as well as R2v3 recycling certification and NAID AAA data destruction certifications.
Old IT equipment continues to spread, and businesses and schools face increasing requirements for secure data destruction and environmentally appropriate recycling to avoid sending computers, displays, and other potentially toxic electronics to landfills. With this acquisition, CTL will expand its IT asset disposition (ITAD) services to provide a data-secure, compliant, and environmentally responsible way for organizations to manage the end-of-life of their IT equipment. Adding these ITAD capabilities supports CTL’s commitment to sustainability.
CTL and 3R Technology bring a synergistic offering to education and enterprise IT managers.
CTL investor Columbia River Partners (CRP) supports the acquisition. The expansion of ITAD services fits well with CRP’s strategy of investing in the picks and shovels of technology.
KEY QUOTES:
“For CTL customers, this is a win-win expansion of capability to our comprehensive technology lifecycle offering of services. We can now buy back nearly any education or enterprise computing equipment for refurbishment, resale, or recycling. To promote the circular economy, CTL’s customers can receive a trade-in credit toward the purchase of new CTL devices. In this current climate of technology budget challenges, this new offering is timely. By leveraging old IT equipment in exchange for credit toward new devices, schools and businesses can mitigate the effects of economic pressures like inflation and tariffs on the price of new technology.”
“As a certified B Corporation, expanding our ITAD services aligns with our mission of not only creating innovative new cloud computing devices, but also providing sustainable technology lifecycle services. Our vision is to partner with our customers for their entire technology journey in a way that’s environmentally responsible.”
“We’re continually exploring new ways to maximize our customers’ budgets, support sustainable technology practices, and ultimately keep affordable devices in the hands of teachers, students, and the workforce around the world. ITAD is a major challenge we see in the industry, and so beyond providing new technology products, we’re helping schools and businesses create an entire IT asset lifecycle solution, for the greater good.”
- Jason Mendenhall, CEO of CTL
“We’re thrilled to join CTL in bringing comprehensive technology lifecycle services to schools and businesses. As a part of CTL, we can now offer services to more markets, including education, nationwide. Meanwhile, with increased resources, our customers, whom we have been serving for over two decades, can expect even more innovative and cost-effective ITAD solutions.”
- Glen Gaidos, CEO and Founder of 3R Technology
“We’re dedicated to funding strategic growth for our portfolio companies. We recognized this as a unique opportunity to create incredibly beneficial synergy and value for the customers of both CTL and 3R Technology.”
- Pooneet Goel, Partner at CRP and CTL Board Member
