Irish IT recycling company AMI has announced that it is targeting over £9m in annual revenue and is on track to achieve its target of 90 employees by 2021.
The company, which helps organisations securely dispose of their old IT and electrical equipment, has more than doubled its business in the last two years to £6.6m as it has expanded across Ireland, the UK and Europe.
AMI signed 96 new customers in 2019, which will generate £910,000 revenue in the next year. Earlier in 2019, the firm also agreed a three year outsourcing agreement with charity Camara Education. This initiative hopes to bring 100 e-learning centres to Ethiopian schoolgirls and saw the company take on an additional 122 new customers.
To support its recent growth, AMI has added 15 new jobs to date this year, bringing its total workforce to 75.
It is currently hiring for roles in marketing, sales, compliance and business development.
AMI claims that the introduction of GDPR has helped to drive demand for its services. A spokesperson for the business said that “organisations realise IT hardware recycling and data destruction specialists like AMI can help with data compliance by eliminating all residual data from unwanted IT equipment when disposing of these devices.”
The firm’s CEO, Philip McMichael added: “Businesses are more aware than ever that failing to cleanse their old desktops, laptops and hard drives of all data can lead to a breach of sensitive customer and company information. We are experiencing a corresponding surge in demand for our secure services, especially given the high rate of return we can offer customers through the resale of their equipment. Last year we returned £2.2 million to our customers.”
The uncertainty of Brexit has brought about new opportunities as well as challenges for the IT recycling company, which has headquarters in Newtownabbey and Dublin. Since launching in December 2018, AMI’s deployment and relocation support service visited 140 sites across the island of Ireland to help them install new IT systems and manage office moves. In its first year, the service is up 300% on expected revenue - benefitting from the closure and relocation of businesses affected by Brexit.
Philip continued: “The Republic of Ireland has become a major hub for data centres and Brexit has seemingly accelerated this growth.”
AMI was also named Vertical Market Specialist of the Year at the Tech Excellence Awards in May 2019 and was among the first indigenous Northern Ireland businesses to become members of the Living Wage Foundation - ensuring that all of its employees earn a wage that meets the cost of living.
