IT Hardware is a Commodity, So Why Not Treat it Like One?
MarkITx, a marketplace for buying and selling used enterprise IT equipment, is growing across 5 continents.
December 13, 2013
MarkITx, a $100 million and rising online marketplace for used enterprise IT equipment continues to add hundreds of clients per month across the globe. The exchange's diverse list of active traders include the directors of infrastructure for AARP, a Turkish bank, an Italian data center, a Canadian trading center, entities in Uganda, and a government agency in India. "There's no language barriers in hardware," says Frank Muscarello, CEO of MarkITx. It's a $320 billion secondary market, he explains. It centers around a lot of commoditized hardware like laptops and PCs, but MarkITx deals with the "big iron" like networking infrastructure, servers, storage. "Everybody is buying from Cisco, IBM, Oracle, but everybody uses technology equally, so why not build a transparent marketplace as they migrate towards alternatives?" ... Read full story on Wall Street & Technology
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