Codima Green Partners with Recycling Leader to Process Electronics Waste

Codima (News - Alert) Inc., a global provider of integrated network management software products and electronics recycling for small to big companies, announced that the company has entered its first agreement for its recently introduced division Codima Green. 

Codima Green has entered a partnership agreement with a leader in recycling to process its electronics waste. The agreement encompasses the partner's recycling contracts with multiple national retail chains enabling Codima Green to ensure and significantly increase e-waste tonnage, hence expanding its revenue. 

"This partnership provides an exciting start for our new division. Codima Green now takes the next step to offer nationwide e-waste recycling service while enabling us to recycle valuable metals on a larger scale, generating strong new revenue," Christer Mattsson (News - Alert), CEO of Codima said.

Following the agreement, Codima Green estimates the combined revenue for 2010 and 2011 at $9M with estimated net profits around 20 percent. Further growth is expected as Codima Green continues its planned nationwide rollout of e-waste recycling services for large commercial clients such as retailers, large enterprises and governmental agencies. 

Benefiting the client's environmental program, the e-waste will be picked up at outlets nationwide and delivered to recycling plants for recapture of the base materials including precious metals. 

The full recycling service targets the disposal and security problem facing organizations as the consumption of telecom devices, computers and other electronics equipment rapidly escalates. Further enhancing the Codima Green service, users can easily identify malfunctioning and unused hardware in a network utilizing the asset inventory software, included in the company's network management offering, Codima Toolbox. 

Codima caters to companies ranging from small enterprises to the Fortune 100s. It has global reach supported by eleven offices across North America, EMEA, Latin America, Asia and Australia, and provides best practice software tools to help organizations manage their IT networks. 

The company recently launched its new product portfolio which includes its five new task-based toolboxes with common reports system, alarm system, GUI and methodology using Microsoft (News - Alert) Office Visio for easy to use visual live features.

Fully automated and fully integrated, Codima Toolbox delivers tools for network inventory, mapping and monitoring using Microsoft Office Visio as well as pre- and post-deployment VoIP management. Codima Green, the environmental division, specializes in recycling end-of-life electronics.