Businesses get new marketplace for used IT gear

The buying and selling of used IT equipment is not a trivial market, but it doesn't get enormous attention. In many cases, enterprises unload used equipment as a trade-in or at bargain price to a wholesaler because they just want the equipment off the floor. A new Chicago-based startup says it has developed a system to help enterprises get as much value out of their old IT equipment as possible. The company, MarkITx, is running an online system for selling equipment, but it's not a new version of an eBay-like system. The seller and buyer remain invisible to each other, the money goes in escrow, and the transaction may even involve third-party vendors to refurbish equipment. Ben Blair, the CTO of MarkITx, said the exchange works like "a two-sided market" rather than an auction. Buyers post what price they want to pay for particular piece of equipment, including condition and quantity. Sellers post the quantity and current condition of the equipment they are selling and what amount they want to receive for it. To read this article in full or to leave a comment, please click here