Acceleration of Growth Plans Key Focus
ATLANTA, GA, January 21, 2016 /24-7PressRelease/ — ON Demand Hardware, a B2B reseller of tested and refurbished printer, PC, laptop, and server equipment and parts, today closed a $700,000 private equity investment. The round was led by Gateway Capital. The company will use the funds to accelerate growth plans, including expanded asset recovery operations, conversion to an advanced inventory management solution and strategic alignment and systems integration with key distribution partners.
“ON Demand is poised to evolve the ‘I.T. take-out to parts inventory’ process by significantly compressing the time to convert critical components from used machinery and equipment to fully tested, packaged and ship-ready original parts for its distribution partners”…
With the funding, ON Demand Hardware also announced that Tim Trankina, Managing Director at Gateway Capital, is joining the team as Chief Executive Officer. “Tim has extensive experience in financial management, process methodology and automation, and strategic planning and execution,” said Brandon Phipps, CMO and founder of ON Demand. “Tim’s joining the team positions us well to achieve our growth plans.”
“There is a lot of acquisition activity at the consumer-facing, top-end of the IT parts reseller industry. The success at the top-end necessitates access to refurbished parts from sophisticated operators who work in the trenches of the business,” said Tim Trankina, ON Demand’s new CEO. “ON Demand is poised to evolve the ‘I.T. take-out to parts inventory’ process, by significantly compressing the time to convert critical components from used machinery and equipment, to fully tested, packaged and ship-ready original parts for its distribution partners.”
“Achieving speed to market, while also addressing asset disposition considerations like data privacy, chain of custody and recycling, allow ON Demand to present a unique value proposition to customers on both the I.T. asset disposition front (ITAD), as well as our national parts distribution partners,” said Robert Gaspard, ON Demand’s COO. “We believe the investments we are making at ON Demand ensure we remain good stewards of disposed assets while generating reliably high quality replacement parts for top-end distribution.”
For more about ON Demand Hardware, please visit: www.ONDemandHardware.com
ON Demand Hardware LLC is an independent secondary market IT hardware reseller specializing in providing tested working and refurbished printer, PC, laptop, and server equipment and parts. Thousands of companies, from the Fortune 500 to the small business owner, rely on ON Demand Hardware’s attention to detail, flexibility, price, availability, and quality products.
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