The company previously known as AMI has reached its growth targets and has set out its plans for further expansion.
Vyta has announced 60 jobs coming to its operations in Dublin and Belfast as the company sets out on an ambitious growth strategy.
According to The Irish Times, 40 of the new jobs will be in engineering and operations. The remaining 20 will span marketing and sales, finance, logistics, customer service and human resources.
A previous jobs announcement in 2019 targeted a workforce of 90 by 2021. With this achieved, the company’s new goal is to reach 150 employees by 2024.
Vyta started out 20 years ago as AMI, or Asset Management Ireland. The company serves the end-of-life cycle of IT equipment, providing secure recycling and disposal services in line with data protection regulations.
What began as a one-man operation now counts around two-fifths of Ireland’s top 200 ICT user organisations among its clients. Data centres, banks and government departments have all availed of Vyta’s services, with past clients including AIB, BT, Kainos and the Northern Ireland Assembly.
As well securely managing the decommissioning of IT equipment, Vyta also resells devices, generating a financial return for its clients. Last year, the company refurbished and resold 40,000 devices generating a return of €2.5m.
On the back of this strong 2020 performance, the company is investing €3m in a rebrand and expansion. It aims to reach revenue of €10m by the end of 2021, and €14m by 2023.
As well as announcing new jobs, the company announced the establishment of a new warehouse to grow its retail business, RefreshedByUs.com.
CEO Philip McMichael said increased demand for business is driven by security and compliance needs as well as a growing desire for sustainable business.
“We have built the most secure IT recycling service across the island of Ireland to enable organisations to cleanse their old laptops, desktops and hard drives and ensure that no sensitive customer or business information remains,” he said.
“We are ultra-conscious of the environment we live in and enjoy our role as a partner to organisations seeking to reduce their carbon footprint.”
