What Castaway Tech does

Castaway Technologies LLC (operating as Castaway Tech) is a privately held, New England-based IT Asset Disposition (ITAD) specialist founded in 2007 and headquartered in Lawrence, Massachusetts. The company provides end-of-life IT asset services — secure data destruction, e-waste recycling, IT asset disposition, process management, data center decommissioning, specialized logistics, and value recovery through resale — to organizations across healthcare, financial services, higher education, government, biotech, manufacturing, legal, insurance, and telecommunications. Customers include Dartmouth College, HH Brown Shoe Company, Stebbins Duffy Inc., Metro Sign & Awning, the Scleroderma Foundation, and Fortune 100 technology firms. Services are delivered via a white-glove, project-based professional services model with on-site pickup, dedicated project managers, and national coverage.

The technical foundation is the proprietary CastTRAC chain-of-custody platform, which provides serialized real-time asset tracking and audit-ready reporting from pickup through final disposition. Data destruction capabilities span ADISA-certified software erasure (NIST 800-88 Rev. 1 and DoD 5220.22-M compliant), on-site hard drive shredding, and degaussing, supported by $11 million in general liability insurance. Compliance credentials include NAID AAA+ (unannounced i-SIGMA audit), R2v3 (SERI), and ISO 9001/14001/45001, positioning the firm as one of a small group of ITAD providers with full multi-framework credentialing. Revenue is generated primarily through professional services fees tied to project scope (volume, equipment type, compliance requirements) plus transaction-fee value recovery from resale of retired equipment.

Go-to-market relies on enterprise field sales combined with inbound via the company website and SEO/content marketing on ITAD, GDPR, HIPAA, and Windows 11 migration topics, plus a channel motion through managed service providers (MSPs) and service-provider partners. A strategic partnership with ApexaiQ (announced October 2024) extends the offering from disposal into active asset monitoring, creating a full-lifecycle story for enterprise buyers. The company is led by President Cam Deery and CFO Brian Sifferlen (appointed 2015) and operates without disclosed external funding.

Name

Castaway Tech

Legal name

Castaway Technologies LLC

Website

https://castawaytech.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Castaway Tech is a privately held, New England-based IT Asset Disposition (ITAD) specialist providing secure data destruction, e-waste recycling, chain-of-custody tracking, and data center decommissioning services to healthcare, financial, education, government, and enterprise clients across the United States.

Ownership category

akta.pro rank

Product category

IT Asset Disposition Services

NAICS

Electronic and Precision Equipment Repair and Maintenance (81121), Materials Recovery Facilities (562920)

akta.pro primary industry

IT Asset Disposition (ITAD) Services (Data-Bearing Asset Handling) (BPALAIAA)

akta.pro secondary industries

IT Asset Disposition (ITAD) & Secure Data Erasure (BPAEAOAK), IT Asset Disposition (ITAD) & Data Destruction (EUAIAIAB), IT Asset Lifecycle Services (Procure-to-Retire) (BPAEAOAF)

Keywords

• IT asset disposition
• Secure data destruction
• Electronics recycling services
• Chain of custody tracking
• End-of-life IT equipment

Headquarters

HQ city

Methuen

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. IT Asset Disposition Services: Core service revenue from secure pickup, certified data destruction, and disposition of retired IT equipment. Includes on-site and off-site destruction, chain-of-custody documentation, and certificate of destruction.
2. E-Waste Recycling: R2v3 certified electronics recycling services with compliance documentation. Revenue derived from processing fees and responsible disposal charges.
3. Value Recovery / Asset Resale: Assessment, grading, and resale of IT equipment with remaining market value. Proceeds returned to clients, offsetting disposal costs.
4. Cast-in-Box Service: Specialized packaging and logistics service for electronics disposition.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Castaway Tech is an IT Asset Disposition (ITAD) provider that takes in retired, decommissioned, and end-of-life IT equipment from regulated organizations and processes it through secure data destruction, electronics recycling, and value-recovery resale. Services are delivered with audited chain-of-custody, on-site or witnessed shredding/degaussing, and downstream resale or responsible recycling, with proceeds returned to the client.

Product overview

Castaway Technologies offers a unified IT Asset Disposition (ITAD) platform with a suite of services including IT Asset Disposition, E-Waste Recycling, Data Destruction, Process Management, Data Centers, Specialized Services, and Cast-in-Box Service. Their proprietary CastTRAC tracking system provides real-time chain-of-custody visibility and serialized audit reporting. The company also partners with ApexaiQ to offer combined asset lifecycle management. Services are delivered through certified processes (NAID AAA, R2v3) with ISO 9001, ISO 14001, and ISO 45001 quality standards.

Differentiator

Problem solved

Functional benefit

Brands

• CastTRAC: Proprietary chain-of-custody program providing offline data security solutions and IT asset tracking from pickup to final disposition

Products and services

• IT Asset Disposition (ITAD) End-to-end disposition service that takes in retired and decommissioned IT hardware from enterprise, healthcare, education, and government clients, processes it for secure data sanitization, and routes it to resale or responsible recycling. Intended for organizations that need auditable, certified retirement of laptops, desktops, servers, and networking gear.
• E-Waste Recycling Certified electronics recycling for end-of-life and obsolete IT equipment, with downstream processing handled at R2v3-certified facilities. Targets organizations that need compliant disposal of large volumes of mixed IT hardware.
• Secure Data Destruction Physical and logical data sanitization service for hard drives, SSDs, and magnetic media, delivered via on-site shredding, degaussing, and ADISA-certified erasure with serialized certificates of destruction. Designed for organizations bound by HIPAA, PCI DSS, GLBA, and DoD 5220.22-M requirements.
• Process Management Consultative service that helps organizations build or improve their internal ITAD processes, integrating CastTRAC chain-of-custody tracking with the client's asset management and compliance reporting workflows. Targeted at organizations seeking a more disciplined, audit-ready retirement process.
• Data Center Decommissioning Full-service decommissioning of data center assets including servers, storage arrays, switches, racks, and cabling, with on-site data sanitization and removal. Intended for enterprises and service providers undertaking facility shutdowns, migrations, or consolidations.
• Specialized Services Custom ITAD and recycling engagements for unusual, high-volume, or logistically complex scenarios that fall outside the standard disposition workflow. Built for organizations with one-off events, multi-site rollouts, or hard-to-handle equipment categories.
• Cast-in-Box Electronics Recycling Scheduled, recurring electronics recycling program where clients place retired IT equipment in provided containers for routine pickup and certified downstream processing. Built for organizations generating steady, lower-volume streams of obsolete hardware.

Quantifiable outcome

• Standard project turnaround of 48 hours to 10 business days
• +1 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Castaway Technology and Security (CTS)minorChannel Partner/ Reseller/ Distributor · 6 April 2026Castaway Technology and Security (CTS) is a partner of Verkada's unified security platform, implementing Verkada's cloud-managed security solutions including video security, access control, and AI-driven alerting at client sites such as Hard Rock Stadium.
• ApexaiQcoreStrategic or Co-development Partner · 29 October 2024Strategic partnership between Castaway Technologies and ApexaiQ to deliver comprehensive asset lifecycle management solutions. Combines ApexaiQ's real-time asset intelligence and monitoring with Castaway's secure end-of-life disposition services, bridging active asset monitoring and ITAD. Announced October 29, 2024, in Milford, MA. Key benefits include asset lifecycle oversight, security and compliance, cost optimization, and operational efficiency.
• Risk Management ConsultantsminorImplementation/ SI/ Consulting PartnerCastaway partners with highly regarded risk management consultants who conduct regular audits and inspections throughout facilities to maintain leading-edge ITAD services and continuously improve systems and processes.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Iron Mountain: Global records management and data protection company that operates one of the largest IT Asset Disposition and secure shredding businesses. Directly comparable ITAD offerings and serves similar enterprise, healthcare, financial, and government buyer segments at scale.
• Sims Lifecycle Services: Global ITAD and electronics recycling services division of Sims Limited. Offers certified data destruction, chain-of-custody, and large-scale enterprise datacenter decommissioning — directly overlapping with Castaway's core ITAD service line.
• Arrow Electronics (Asset Management & Disposition): Global technology distributor and solutions provider that operates IT asset disposition and reverse-logistics services for enterprise customers. Comparable ITAD offering via a broader electronics distribution platform.
• Ingram Micro ITAD (Ingram Micro Lifecycle): Global IT distribution and lifecycle services arm offering IT asset disposition and reverse logistics at scale. Comparable ITAD capability embedded within a broader distribution and services portfolio.

Emerging players

• Retire-IT: Smaller ITAD and e-waste recycling provider with comparable service focus on certified data destruction and asset disposition for SMB and mid-market clients.

Direct peers

• HOBI International: US-based IT asset disposition, electronics recycling, and reverse-logistics provider serving enterprise and mid-market clients with certified data destruction. Comparable service portfolio and customer mix.
• Cascade Asset Management: Mid-sized US ITAD provider offering NAID AAA-certified data destruction, e-waste recycling, and IT asset disposition with strong focus on compliance documentation. Highly comparable business model and buyer segments to Castaway.
• e-End USA: Mid-sized US ITAD and secure data destruction company serving government, healthcare, and enterprise clients with NAID-aligned processes. Comparable mid-market ITAD service profile.
• Reclamere: Mid-market ITAD and data destruction specialist focused on HIPAA/HITECH and regulatory compliance. Comparable service stack and similar reliance on certified processes and chain-of-custody documentation.
• TechWaste Recycling: California-based e-waste recycling and ITAD provider offering certified data destruction, asset recovery, and chain-of-custody services. Comparable service portfolio with regional US footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Castaway Tech