Intechra Secures $12 Million in Equity Capital
Summary
"Size, scale and financial stability are key in selecting a partner in the IT asset disposition industry," said Intechra CEO Lynn C. (Chip) Slack. Richlands co-investors in the financing include existing Intechra investors Chrysalis Ventures of Louisville, a leading source of equity capital for growth companies in the Southeast and Midwest; and Clayton Associates in Nashville, which provides early stage and growth equity capital to companies in the Southeast. Intechra helps large businesses retire IT assets such as personal computers, servers, monitors and printers in compliance with federal privacy regulations, state and local environmental laws and in-house policies. The company provides disposition for personal computers, servers, networking equipment, UNIX systems, monitors and printers. With annual revenues of $40 million in a rapidly-growing industry, Intechra is the only IT asset disposition company with processing facilities in the eastern, western and central regions of the United States.
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