Apkudo – a leader in supply chain automation for connected devices – recently announced it has acquired Mobile reCell, the pioneer of software-driven IT asset recovery for corporate-owned IT assets. And the combination of Mobile reCell’s software-driven recovery of corporate-owned IT assets and Apkudo’s existing solution portfolio sets a new standard for the connected device supply chain.
This acquisition advances Apkudo’s ability to deliver new levels of sophistication for collaboration, innovation, and transparency across the value chain through Apkudo’s Circular Industry Platform.
Launched in 2014, Mobile reCell helps enterprises automate the recovery, reuse, resale and recycling of company-owned IT assets like smartphones, tablets and laptops. And every year, businesses worldwide issue millions of IT assets and do not consider the recovery process and how they will retrieve the IT asset following an employee’s departure or device upgrade, resulting in exposure to data loss and pollution of the Earth with e-waste. Mobile reCell transforms a wasteful and linear device retirement process into a sustainable and circular process.
Apkudo always sought to help customers answer the question: “What should I do with this device, right now?” And through this acquisition, Apkudo strengthens its leadership position in the device lifecycle ecosystem by adding a channel for the more than hundreds of millions of corporate-owned devices currently in circulation.
Mobile reCell will become a new business unit for Enterprise Take-Back. And current Mobile reCell customers will continue to be supported by the same talented team on which they currently rely. Mobile reCell’s 28 team members will join Apkudo.
The financial terms of the transaction were not disclosed.
KEY QUOTES:
“This exciting day has been a long time in the making. This acquisition accelerates Mobile reCell’s vision to provide businesses of all sizes the technology necessary to ensure their retired corporate-issued devices are securely and sustainably recovered and reused. Our combined team shares a passion for the circular economy and ensuring devices—and the valuable resources they contain—remain in use at their highest value for as long as possible, benefiting both business and society. We are truly committed to reshaping the industry.”
– Ben Jones, Founder and CEO of Mobile reCell
“The addition of Mobile reCell’s intuitive enterprise-level software boosts our focus on visibility and sustainability. Connecting the business process of enterprise recovery for corporate-owned devices to Apkudo’s existing connected device supply chain solutions allows our customers to gain visibility into device recovery results and environmental impact while maximizing the value of their devices by transforming a linear process into a circular supply chain.”
– Josh Matthews, CEO and Co-Founder of Apkudo
