IT recycler Vyta targets €1.5m in new revenues

Vyta targets additional €1.5m in revenues after landing top security accreditation.

Belfast and Dublin-based IT recycling business Vyta is targeting an additional €1.5m in revenues by the end of 2023 after receiving the highest score from the Asset Disposal and Information Security Alliance (ADISA).

ADISA the industry accreditation scheme for companies involved in IT asset disposal services.

“In today’s data economy, companies are more conscious than ever of their need to protect client data”

In the last financial year ending May 2022, Vyta’s revenues reached €18.2m.

Opportunities in lucrative industries

The accreditation covers all of Vyta’s sites in Dublin, Belfast and Essex, where it sustainably and securely processes and refurbishes retired IT equipment. All sites are now certified to DIAL 3 with a distinction – the highest level of certification attainable – meaning Vyta can perform ADISA-approved collections and services for clients with extremely high security requirements and critically sensitive data.

This will enable Vyta to expand its customer base in highly lucrative industries including data centres, pharmaceuticals and life sciences, consultancy, and government including defence and healthcare.

The certification comes on the back of a €1M investment from the company in its facilities’ physical infrastructure, systems and operational procedures over the last two years.

Under GDPR regulations, organisations are obligated to ensure secure disposal of their data and IT equipment. ADISA members are subjected to a scheduled comprehensive audit every three years, as well as impromptu spot-check inspections at least once a year. Members must meet all 112 essential criteria, before being awarded ADISA Standard 8.0.

“This certification underlines our vigilance in data security and destruction and is a testament to the commitment and high standards of the entire team at Vyta,” said Giles Ward, COO of Vyta.

“We place the utmost importance on safeguarding our clients’ data, so receiving this award and knowing that our security standards are among the highest in the world gives us a great deal of satisfaction.

“In today’s data economy, companies are more conscious than ever of their need to protect client data. By investing in the continual improvement of our processes across all of our sites, we have established ourselves as the highest certified company in the industry.

“Achieving a DIAL 3 with distinction gives us a clear competitive advantage, enabling us to work with organisations who handle highly classified data and helping them to contribute to the circular economy.”

Main image at top: Giles Ward, COO of Vyta

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