Securis Franchising, Inc., a leader in electronics recycling and data destruction services, announced today that it has awarded the first three franchises in the Mid-Atlantic region. Securis' franchising strategy is part of the company's national expansion to serve the growing demand for electronics recycling and data destruction services, a market that is estimated at between $6 billion to over $9 billion globally, according to reports by IDC and Transparent Research.
Awards include counties in the Maryland suburbs outside of Washington, DC (Montgomery, Frederick and Allegheny counties as well as Anne Arundel, Howard and St. Mary's counties) as well as the state of Delaware, with service in these territories slated to begin by Summer of 2014. Numerous additional protected territories are available in Pennsylvania, New Jersey, Washington, DC and North Carolina with more expected to be released in 2014 and beyond.
"From the moment we launched the Securis franchise concept in Spring 2013, we've seen intense interest from hundreds of aspiring business owners who recognize the unique opportunity," said Securis CEO and Founder Jeremy Farber. "After meeting with dozens of prospects, we are very excited to have selected our first three franchisees and look forward to awarding additional territories in 2014."
Demand for electronics recycling and data destruction continues to fuel Securis' growth. In the U.S. alone, businesses, government agencies and consumers dispose of more than 180 million pieces of electronics gear annually, according to Environmental Protection Agency (EPA) estimates. An April 2013 report by Transparent Research estimates that the global market for e-waste recycling and reuse services is growing at a compound annual growth rate (CAGR) of 13.2% and will reach more than $18 billion in 2017.
"Securis' clients, including organizations in the Federal government, financial services, healthcare and government contracting sectors, demand world-class data security and environmental stewardship that is delivered consistently across all of their locations," said Farber. "Our franchise expansion helps us put our operations closer to these customer locations so we can better serve them."