SAN DIEGO–Totem, a consumer cell phone and tablet buyback service, today has launched its corporate division, “Totem for Business.
The company now specializes in recycling used iPhones, BlackBerrys, Androids, tablets and other devices owned by consumers as well as businesses that include Fortune 500 and small, nonprofit organizations.
“We are providing organizations with a way to significantly monetize depleted assets, along with a solution that ethically and safely disposes of their old devices,” said Nicholas Fiorentino, founder and CEO of Totem. “Similar to our consumer side, we’re focused on a service that helps businesses retire yesterday’s technology for enough money to pay nearly all of the cost for an upgrade to today’s electronics.”
Any organization can receive an instant quote for an entire fleet of old devices using the Totem for Business website. In addition, companies may send their equipment directly to Totem for a speedy appraisal. Totem then issues payments via check or PayPal after client quote acceptance. The final step is refurbishing and distributing the devices throughout the world, providing a second life to an otherwise useless asset.
“I’m happy to be teaming with a mobile buyback solution, specializing in asset recovery with full data erasure capabilities for the mobile device,” said Edward McCrossen, Totem’s new Advisor and former Vice President of Cisco, “Businesses looking to capitalize on old technology now have a clear path to profitable, responsible and secure disposal of used and damaged equipment.”
In a recent transaction, Totem for Business retired 2,900 devices for a Fortune 100 organization, paying $383,400 for its unwanted phone inventory. Along with the monetary gain, Totem provided the company customer data erasure services in compliance with the Department of Defense standard 5220.22-M, the highest possible level of data sanitization.