Business Mobile Phone Buyback and Recycling Company e-Cycle ranked the #68 Most Promising Company in America
Forbes recognizes central Ohio wireless recycling company on its top 100 list of America’s most promising privately held companies
November 30, 2011 – Forbes ranked e-Cycle LLC #68 on its annual list America’s Most Promising Companies. One of only three Ohio companies to appear on this prestigious list, e-Cycle was the only company from central Ohio to receive a ranking.
Forbes‘ America’s Most Promising Companies list features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
“Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit www.forbes.com/ampc.
e-Cycle is the leading provider of wireless buyback, data deletion and recycling services for businesses and major organizations. The company achieved 558 percent business growth between 2007 and 2010 and created more than 75 green jobs at its Ohio headquarters.
“We are thrilled to be recognized by Forbes this year. I am extremely proud of the hard work and dedication of the entire e-Cycle team to provide unparalleled service for our clients,” said Christopher Irion, founder and CEO of e-Cycle. “Our continued success, however, would not be possible without the growing commitment to responsible e-waste reuse, recycling, and data security by the organizations that we serve. We applaud their environmental stewardship and thank them for their continued trust.”
Ranked the #5 fastest growing, privately held environmental services company by Inc., e-Cycle helps organizations take a more responsible, secure and profitable approach to wireless mobile phone recycling. e-Cycle collects used mobile devices from businesses and major organizations, reimbursing them for devices that retain value and recycling all others at no charge. The information on every phone is either deleted or destroyed through the industry’s most rigorous data security measures. e-Cycle’s clients include financial institutions, healthcare organizations, government agencies, educational institutions, and technology companies, among others. Since it’s founding in 2005, e-Cycle has purchased millions of dollars worth of retired mobile phones and recycled more than one million wireless devices. For more information, visit www.e-Cycle.com.