Local IT asset disposal and data destruction company RecycleIT were pleased to recently conclude an agreement to safely and securely collect, process and recycle redundant IT equipment with a major client. A contract has been signed with LV= (Liverpool Victoria) which means that RecycleIT have been written in to the corporation’s operations structure, entrusting the company to collect and dispose of IT equipment from all 10 office facilities throughout the UK, including the head office in Bournemouth.
Andrew Wood, a Business Development Manager at RecycleIT, commented “We have been in negotiations with LV= for ten months now, working together with their Risk Awareness managers and IT department. After due diligence and initial feasibility studies were concluded, we are glad that LV= have contracted with us to provide our range of services.”
LV= are a leading financial services provider and a mutual, employing over 6,200 people at offices nationwide. They have 5.8 million customers who hold a variety of products including insurance, investment and retirement solutions, reporting in their 2016 Results an operating profit from trading operations of £159 million (pre-Ogden) and total income of £3,637 million.
On 1st June 2016, LV= completed the acquisition of the Teachers Assurance business and Andrew stated “In this respect, RecycleIT were able to directly complete the on-site destruction of legacy data which ranked high on the company’s risk priorities. We were able to collect the balance of the hardware and provide full asset disposal reports.”
RecycleIT continue to develop their range of services. From initial collection, processing and disposal, the company now offers IT asset transfer, desktop deployment of equipment, unit imaging, secure vault storage quarantine arrangements and works with corporates, SME’s, health & public sectors and education facilities. Added Andrew “We aim to help our clients manage their IT Waste Electrical and Electronic Equipment (WEEE) as well as their Data Protection obligations of redundant equipment and provide, if possible, an income stream by delivering value in recycling IT.”