iBANKonIT

What iBANKonIT does

iBANKonIT (DBA iBank on IT) is a privately held IT services and refurbished hardware company headquartered in Owings Mills, Maryland. The company was formally established in 2014 and claims 25+ years of experience in IT management and strategy consulting, operating with a team of 1-10 employees. Its core business is the sourcing, testing, refurbishing, and resale of enterprise IT equipment from major OEMs including Dell, HP, Lenovo, Cisco, Juniper, Fortinet, Poly, Avaya, and Ubiquiti. The company also offers IT asset disposition with certified data destruction and a no-landfill recycling policy that has been operating since 2006.

The company's product portfolio spans six lines: Hardware360 (a hardware-as-a-service subscription for refurbished Windows 11 desktops, laptops, monitors, and docks), Enterprise Hardware (one-time refurbished and new equipment sales), IT Asset Disposition (purchase of used IT assets with data destruction), Telecommunications Services (carrier-agnostic voice and data consulting), Cloud Services (assessment, hosting, backup, and cloud connectivity), and IT Consulting Services (strategy, staff augmentation, network and Wi-Fi deployments, DR, and telecom expense management). The underlying technical capability is a proprietary refurbishing and testing process in which enterprise technicians inspect every component and restore devices to original factory condition, supported by warranty coverage ranging from 30 days to one year. The company uses Syncromsp for MSP client management.

iBANKonIT generates revenue through a hybrid mix of one-time hardware sales (quote-based, with net terms for qualified organizations), recurring monthly subscriptions (Hardware360, billed at $25 per desktop per month and $28 per laptop per month with a 10-unit minimum and 2-year standard term), and professional services fees across IT consulting, telecom, and IT asset disposition. Go-to-market is consultative and sales-led, combining direct sales representatives, an e-commerce storefront (shop.ibankonit.com), an email newsletter for monthly inventory drops, and a channel partner program targeting Managed Service Providers. Customer segments include MSPs (primary), small to large businesses, government entities, K-12 and higher education institutions, and international buyers served through a dealer network covering the United States, United Kingdom, Netherlands, France, Hong Kong, Japan, and Australia.

Name

iBANKonIT

Legal name

iBank on IT

Website

https://ibankonit.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

iBANKonIT is a Maryland-based IT company that sells refurbished enterprise hardware and delivers IT consulting, cloud, telecom, and IT asset disposition services. It primarily serves Managed Service Providers (MSPs) and businesses of all sizes in the U.S. and internationally.

Ownership category

akta.pro rank

Product category

IT Consulting and Managed Services

NAICS

Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Rental & Leasing (7377), Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

Keywords

• Refurbished IT hardware
• IT consulting services
• Hardware-as-a-service
• IT asset disposition
• Telecommunications consulting

Headquarters

HQ city

Owings Mills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Refurbished Enterprise Hardware Sales: One-time sales of refurbished laptops, PCs, telephony, servers, storage and networking equipment from leading OEMs. Equipment is tested and refurbished with warranty coverage from 30 days to one year.
2. Hardware360 Subscription: Monthly subscription model for IT hardware including Windows 11 desktops ($25/month), laptops ($28/month), monitors, docks and upgrades. Minimum 10 units, typically 2-year terms.
3. IT Asset Disposition Services: Services for managing end-of-lifecycle IT equipment including asset purchase offers within 48-72 hours, data destruction, and asset recycling with no-landfill policy.
4. Telecommunications Services: Consulting and agency services for voice and data needs including traditional voice (DID trunking, T1, ISDN, long distance), collaboration tools, VoIP, contact center solutions, WAN, and internet services.
5. Cloud and Data Center Services: Cloud storage assessment, data center hosting, backup and recovery solutions, and cloud connectivity services.
6. IT Consulting Services: Consulting services including IT strategy, staff augmentation, Wi-Fi deployments, network and telephony deployments, unified communications, DR and business continuity, data center moves, cabling, and telecom expense management.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

iBANKonIT is an IT management and strategy consulting firm that sells refurbished and new enterprise IT hardware (laptops, PCs, servers, networking, telephony) from leading OEMs and operates the Hardware360 subscription program for preowned Windows 11 desktops and laptops. The company also delivers complementary IT services including IT consulting, cloud services, telecommunications consulting, IT asset disposition with certified data destruction, and third-party maintenance and support.

Product overview

iBANKonIT is an IT management and strategy consulting company with 25+ years of experience, offering a portfolio of interconnected technology services. The core offerings include: Hardware360 (a hardware-as-a-service subscription program for preowned Windows 11 devices), Enterprise Hardware (sale of new and refurbished IT equipment from major OEMs), and complementary service modules including IT Asset Disposition, Telecommunications Services, Cloud Services, IT Consulting Services, and 3rd Party Maintenance and Support. The company primarily serves MSPs and businesses seeking to maximize value and minimize hassle through cost-efficient technology solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Hardware360: A subscription-based service offering pre-owned computers, laptops, and hardware as a service with monthly rental pricing for desktops starting at $25/month and laptops at $28/month.

Products and services

• Hardware360 Hardware-as-a-service program providing preowned Windows 11 desktops ($25/month), laptops ($28/month), 24-inch monitors, and USB docks on a monthly subscription basis with warranty and support, minimum 10 units, typically 2-year terms.
• Enterprise Hardware Sale of new and refurbished enterprise IT equipment including laptops, PCs, telephony, servers, storage, and networking equipment from OEMs such as Dell, HP, Lenovo, Cisco, Juniper, Fortinet, Poly, Avaya, and Ubiquiti, with warranty coverage.
• IT Asset Disposition End-of-lifecycle IT asset management services including asset purchase offers within 48-72 hours, data destruction or sanitization with certification of destruction, asset reallocation, logistics, and e-scrap recycling with a no-landfill policy.
• Telecommunications Services Voice and data telecommunications consulting covering traditional voice (DID trunking, T1, ISDN, long distance), collaboration tools (UCaaS, conferencing, Office 365), VoIP, contact center solutions, WAN, and internet connectivity including SD-WAN and MPLS.
• Cloud Services Cloud assessment and deployment services including data center hosting, backup and recovery solutions, and cloud storage solutions for private, public, and hybrid environments.
• IT Consulting Services IT strategy and consulting services for MSPs and companies, including IT strategy consulting, staff augmentation, Wi-Fi and network deployments, unified communications, DR and business continuity, data center moves, cabling, and telecom expense management.
• 3rd Party Maintenance and Support Customized third-party maintenance and support solutions for managing IT infrastructure at a fraction of OEM support program costs.

Quantifiable outcome

• Offers to purchase used IT assets within 48-72 hours
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• DellcoreChannel Partner/ Reseller/ DistributorDell is one of the OEM brands whose equipment iBANKonIT sources and refurbishes. The company acquires, tests, and sells refurbished Dell laptops, PCs, servers, storage and networking equipment.
• HPcoreChannel Partner/ Reseller/ DistributorHP equipment is part of the refurbished enterprise hardware inventory. iBANKonIT sources HP products through established dealer networks and refurbishes them with warranty and support.
• LenovocoreChannel Partner/ Reseller/ DistributorLenovo laptops and PCs are included in the refurbished hardware offerings. Products undergo rigorous testing and refurbishing processes before sale.
• CiscocoreChannel Partner/ Reseller/ DistributorCisco networking and telephony equipment is sourced and refurbished. The company specializes in Cisco routers, switches, and telephone systems for enterprise customers.
• Juniper NetworkscoreChannel Partner/ Reseller/ DistributorJuniper networking equipment is part of the secondary market dealer network used for sourcing enterprise hardware.
• FortinetcoreChannel Partner/ Reseller/ DistributorFortinet security and networking products are included in the refurbished enterprise hardware inventory sourced through dealer networks.
• PolycoreChannel Partner/ Reseller/ DistributorPoly (formerly Plantronics and Polycom) audio and video conferencing equipment is sourced and refurbished as part of the enterprise hardware offerings.
• AvayacoreChannel Partner/ Reseller/ DistributorAvaya telephony and communications equipment is sourced from the secondary market dealer network for resale after refurbishment.
• UbiquiticoreChannel Partner/ Reseller/ DistributorUbiquiti networking equipment is part of the refurbished hardware inventory, sourced through established dealer partnerships.
• Global Secondary Market DealersminorChannel Partner/ Reseller/ DistributorEstablished partnerships with thousands of secondary market dealers worldwide providing access to hard-to-find equipment and supporting international sourcing needs. Trading partners located in London, Amsterdam, Paris, Hong Kong, Tokyo, Sydney and other locations.
• Leading Global Telecommunication ProviderscoreChannel Partner/ Reseller/ DistributoriBANKonIT is an authorized agent with all leading global telecommunication providers, enabling customer-focused analysis and recommendations regardless of carrier.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Iron Mountain (ITAD): Global information management company with a substantial IT asset disposition and data destruction business serving enterprise clients. Comparable to iBANKonIT's ITAD service line but operating at massive scale with broader records-management adjacency.
• Insight Enterprises: Global IT solutions integrator offering hardware, software, services, and cloud solutions to enterprise and mid-market clients. Overlaps with iBANKonIT on enterprise hardware procurement and IT services, though Insight focuses on new OEM gear and large deployments.
• SHI International: Large privately held IT solutions provider combining hardware procurement, software licensing, and professional services. Comparable to iBANKonIT's enterprise hardware and IT consulting model, but serving much larger enterprise and public-sector accounts.
• CDW Corporation: Large, publicly traded IT hardware reseller and solutions provider serving business, government, education, and healthcare. Comparable to iBANKonIT's enterprise hardware and IT services portfolio, but at vastly greater scale across new (rather than refurbished) equipment.
• Connection (formerly PC Connection): Enterprise IT solutions provider offering hardware, software, and services to business, education, and government customers. Overlaps with iBANKonIT's multi-channel hardware sales and IT services approach.

Direct peers

• Park Place Technologies: Third-party maintenance provider for enterprise server, storage, and networking hardware across all major OEMs. Comparable to iBANKonIT's 3rd party maintenance and support offering as a lower-cost alternative to OEM support contracts.
• Liquid Technology: IT asset disposition, data destruction, and refurbished hardware reseller serving enterprise and government buyers. Direct overlap with iBANKonIT's ITAD and refurbished hardware services on the East Coast.
• Curvature: Specializes in refurbished and pre-owned Cisco, HPE, and Dell enterprise networking and server hardware with global services. The closest direct competitor to iBANKonIT's refurbished enterprise hardware and 3rd party maintenance offering.
• ITsavvy: Mid-market IT solutions provider combining hardware distribution, cloud services, and managed services. Overlaps with iBANKonIT's full-stack IT services and refurbished hardware positioning for SMB and mid-market buyers.
• Network Outlet: Refurbished Cisco, Juniper, and Arista networking equipment reseller with strong secondary-market sourcing. Direct competitor to iBANKonIT's refurbished enterprise networking hardware business.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/iBANKonIT
• LinkedInlinkedin.com/company/ibankonit

Revenue estimate

Valuation estimate

Number of profiles

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 iBANKonIT