Around mid-morning today, the stock price of Procurri Corporation touched a 52-week high (49.5 c) and its highest point in more than 3 years.

This followed an announcement of a significant tie-up between Procurri and Ingram Micro Commerce & Lifecycle Services, a leading ITAD services provider.

(ITAD stands for IT Asset Disposition, involving services such as securely wiping data from used enterprise equipment and re-selling or disposing of the equipment).

Procurri stock 

49 c

52-week range

23.5 – 49.5 cts

Market cap

S$141 m

PE (ttm)

25

Dividend yield 

--

52-week 
return

100%

Shares outstanding

284.7 m

Source: Yahoo!

Procurri stock is up 100% from a year ago.

Procurri, a leading global independent provider of Lifecycle Services and Data Centre Equipment, and Ingram Micro Commerce & Lifecycle Services have jointly announced that they would leverage the combined expertise and scale of both companies.

Their ITAD solution aims to increase service capabilities for all IT equipment within an organization’s infrastructure, from distributed assets to the data center.

Singapore-listed Procurri and privately-held Ingram Micro will work together to offer IT Asset Disposition, Asset Recovery and Recycling services in over 80 countries, inclusive of 26 global ITAD processing facilities.

This is to meet their global clients’ value recovery, compliance, security and environmental needs.

“Partnering with Procurri elevates our ITAD offerings in an ever-changing marketplace to provide a more comprehensive ITAD solution for our clients,” said Todd Zegers, Vice President of ITAD, Commerce & Lifecycle services for Ingram Micro.

“We are excited to bring our organizations together and offer our clients additional expertise in enterprise data center disposition and remarketing.”

SeanMurphy819“Looking to grow our ITAD capabilities in the global ITAD market, we are glad to enter into the relationship with Ingram Micro. We believe that our expertise in enterprise data centre disposition and remarketing will work well with Ingram Micro’s ITAD solutions to bring a fuller and wider array of ITAD services for corporate clients globally.”

-- Sean Murphy,
Procurri’s Chairman and Global CEO
(NextInsight file photo)


Ingram Micro Commerce & Lifecycle Services, provides supply chain solutions that connect supply and demand. From cross-border fulfilment to dropship and returns management, ITAD, re-marketing, distribution and more, Ingram Micro’s solutions drive growth across the commerce, technology and mobility markets.

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