€6.4m investment will also cover the expansion of Vyta’s fleet of collection and shredding vehicles.
Dublin-headquartered IT recycling company Vyta has confirmed 100 new jobs as part of a major investment.
The company, which plays an essential role in helping businesses to reduce the carbon footprint of their IT equipment, will grow its staff base from 120 to a team of 220 by the end of 2025.
“In order to achieve these ambitious growth plans, we need to invest in the business and hire more people”
The jobs come on the back of a €6.4M investment from the group and will support Vyta’s rapid growth.
Waste not, tech not
Vyta collects, refurbishes, recycles and resells retired IT equipment while ensuring complete data destruction for data-bearing items. In doing so, it protects organisations against data leaks while also contributing to the circular economy and therefore reducing businesses’ environmental impact.
As businesses strive to meet stringent sustainability targets, while complying with data regulations, Vyta has seen increased demand for its services.
The new roles will span a range of departments within the business including finance, marketing, customer experience, service delivery, business development, operations, logistics, compliance, engineering, retail and business support. The positions will be located across all three of Vyta’s sites in Dublin, Belfast and Essex.
The €6.4m investment will also enable Vyta to add to its fleet of collection and shredding vehicles as demand grows. The company carries out ultra-secure collection of retired IT equipment across Ireland, the UK and the EU, with equipment and vehicles fully tracked throughout their journey. The company’s mobile shredding service, DiskShred, meanwhile, can shred items into pieces as small as 6mm to ensure data and old storage media is completely destroyed onsite.
In addition to an increase in headcount within Vyta’s service delivery team, the investment also covers a new Customer Relationship Management (CRM) system which is enabling the business development and account management teams to better support a growing client base across the UK and Europe.
Secure data is assured data
As well as strong organic growth, Vyta is currently building on its market position by seeking to acquire like-minded IT asset disposition (ITAD) companies across Europe. The company recently acquired the Essex-based ITAD, FGD, following a €13M investment from MML Growth Capital Partners Ireland.
Vyta is the most-accredited ITAD provider in Ireland and the UK, and it holds the fourth-highest ranking in the world from global IT asset disposal standards body, ADISA. It is the only Irish company to achieve both the ADISA and R2 certifications for responsible and secure IT recycling.
“Undoubtedly, 2022 was an exciting year for Vyta, having enjoyed significant growth and with the completion of the FGD acquisition,” said Philip McMichael, founder and CEO of Vyta Group.
“In 2023, we want to build on that and drive further expansion across not only Ireland and the UK, but further afield in Europe.
“In order to achieve these ambitious growth plans, we need to invest in the business and hire more people. Our team will enable us stand out in what is a highly competitive market, allowing us to adhere to most stringent industry standards, and help us maintain our commitment to delivering the best customer service in the industry.
“In turn, it will also allow us to make strides towards our wider business aims including consolidating our market share, becoming the best-in-class ITAD services provider in Europe, and growing the circular economy.”
Main image at top: Philip McMichael, CEO; Katie Fearon, Group Head of People; and Faye Thomas, CCO, Vyta
