Tech recycler Vyta hits €8m revenues

Irish IT recycling player Vyta says it is on track to reach €10.5m for current financial year.

Secure IT recycling company Vyta has reported that it has grown group revenues to €8m for its financial year ending 31st May 2021.

This marks an 11pc increase on the previous financial year’s €7.2m and reflects the growth in demand for its services across Ireland and the UK.

“Sustainability, security concerns, and data regulations have not gone away: they continue to be in the forefront of business leaders’ minds and are vital to our business”

A solid start to the current financial year sees Vyta on track to increase its annual revenues to €10.5m by May 2022.

Remote revolution

Vyta saw increased demand for its services in the last financial year, as organisations carried out large IT refreshes to enable greater workforce mobility. Businesses disposed of newly redundant equipment, while updating IT systems that would support remote working.

Brexit has also contributed to Vyta’s growth, as some UK competitors have struggled to compliantly deliver services to businesses that had offices in the Republic of Ireland. As a result, Vyta became a trusted partner for multiple IT disposal operators with a customer presence in both markets.

“2021 turned out to be a very strong year for us, despite the restrictions imposed by the global pandemic,” said Faye Thomas, chief commercial officer at Vyta.

“Sustainability, security concerns, and data regulations have not gone away: they continue to be in the forefront of business leaders’ minds and are vital to our business.

“We want to educate our customers about the benefits of recycling and using refurbished devices that not only reduce their carbon footprint, but also comply with stringent and ever-changing data regulations.

“Our business objective is to help customers get the most value from their old devices and minimise the risk of harmful data leaks by using the most technologically advanced equipment and processes. We continue to be the most certified IT asset disposal and data destruction company in Ireland,” said Thomas.

Main image(from left): Giles Ward, Vyta’s Chief Operations Officer, Faye Thomas, Vyta’s Chief Commercial Officer and Philip McMichael, Vyta’s Chief Executive Officer

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.