Apkudo buys Mobile ReCell to boost asset recovery

  • January 29, 2024
  • Steve Rogerson

Baltimore-based supply chain automation specialist Apkudo has acquired Mobile ReCell, a pioneer in software-driven asset recovery for corporate-owned IT assets.

The combination of Indiana-based Mobile ReCell’s software-driven recovery of corporate-owned IT assets and Apkudo’s existing portfolio aims to set a standard for the connected device supply chain. The acquisition advances Apkudo’s ability to deliver collaboration, innovation, and transparency across the value chain through its circular industry platform.

“This exciting day has been a long time in the making,” said Ben Jones, CEO of Mobile ReCell. “This acquisition accelerates Mobile ReCell’s vision to provide businesses of all sizes with the technology necessary to ensure their retired corporate-issued devices are securely and sustainably recovered and reused. Our combined team shares a passion for the circular economy and ensuring devices and the valuable resources they contain remain in use at their highest value for as long as possible, benefiting both business and society. We are truly committed to reshaping the industry.”

Founded in 2014, Mobile ReCell (mobilerecell.com) helps enterprises automate the recovery, reuse, resale and recycling of company-owned IT assets such as smartphones, tablets and laptops. Every year, businesses across the globe issue millions of IT assets and do not consider the recovery process – how they’ll retrieve the IT asset following an employee’s departure or device upgrade – resulting in exposure to data loss and pollution of the Earth with e-waste. Mobile ReCell transforms a historically wasteful and linear device retirement process into a sustainable and circular process.

Apkudo has always sought to help customers answer the question: “What should I do with this device, right now?” Through this acquisition, Apkudo strengthens its position in the device lifecycle ecosystem by adding a channel for the more than hundreds of millions of corporate-owned devices in circulation.

“The addition of Mobile ReCell’s intuitive enterprise-level software boosts our focus on visibility and sustainability,” said Josh Matthews, CEO of Apkudo. “Connecting the business process of enterprise recovery for corporate-owned devices to Apkudo’s existing connected device supply chain allows our customers to gain visibility into device recovery results and environmental impact while maximising the value of their devices by transforming a linear process into a circular supply chain.”

Mobile ReCell’s 28 employees will join Apkudo. Financial terms of the transaction were not disclosed.

Headquartered in Baltimore with offices around the world, Apkudo (www.apkudo.com) helps companies managing connected devices to increase device value, reduce labour costs and reduce e-waste.