BBI Programme: Debt Funds
Delivery partner: MML
Vyta provides secure IT Asset Disposition (ITAD) services to clients throughout the UK & Ireland. Started in 2001 and originally based in Northern Ireland, it expanded to Dublin in 2008.
Vyta’s services include collection and processing of redundant IT equipment; providing secure processing to remove any data. Equipment is then either refurbished for resale or recycled. It also provides secure on-site shredding, and imaging and deployment of new equipment sold through a number of channels.
Finance was sought to help further develop and grow its international business. Whilst allowing an adjustment to the shareholding, it has given the business the push to grow into offering new products and services, and geographical markets. As the sector is fragmented with many smaller owner operators, the finance facilitated an initial acquisition of a rival business in Essex – and to make sure it is in a good position to complete further acquisitions.
Future plans are to grow overall market share in its core UK & Irish markets, and to invest in additional EU facilities to deliver the same levels of service to a wider audience.
As a sustainability focused business, Vyta sees opportunities to further enhance the market for refurbished IT equipment as a green alternative to new equipment.