News
U.S. Micro Acquires ICON’s Computer Leasing Business
June 3rd, 2008
U.S. Micro Corporation has acquired the computer equipment leasing business of ICON Funding ULC, a subsidiary of New York-based ICON Capital Corp., an equipment leasing and specialty finance company.
Financial terms were not disclosed. The acquired portfolio is composed of approximately $200 million of original equipment cost that is currently on lease with a number of Fortune 500 customers located throughout North America.
In addition to the leases, U.S. Micro is acquiring the valued marketing and administrative infrastructure that includes professionals with an average of over 20 years of leasing experience.
To be called USM Capital LLC, in the United States, and USM Capital, Inc., in Canada — both newly formed subsidiaries of U.S. Micro Corp. — the business will continue to provide U.S. and Canadian corporations full-service computer equipment leasing and related financial services.
“U.S. Micro’s purchase of ICON Funding’s computer equipment leasing business provides our company the strategic advantage of serving the full spectrum of major corporations’ IT equipment needs from the beginning to the end of the asset lifecycle,” said Jim Kegley, chief executive officer of U.S. Micro Corporation. “Already one of the industry leaders in purchasing and re-selling end-of-life IT assets from major corporate end-users and leasing companies, we are now also an industry leader in sourcing and procuring new IT equipment and providing related financial services to North American corporations. The synergies of specializing in both sides of the business will provide enormous advantages to our customers and our company.”
U.S. Micro said it will integrate approximately 40 ICON employees, based in Mississauga, Ontario, Canada, and across the U.S., into the new USM Capital subsidiaries. USM Capital, Inc., will operate from an existing location in Mississauga, and USM Capital LLC, will operate from U.S. Micro’s corporate headquarters in Atlanta. Customers’ account executives will remain the same as both USM Capital subsidiaries work to ensure a smooth and seamless transition.
U.S. Micro Corporation is an end-of-life corporate IT asset disposition company that provides major corporations on-site security services, including hard drive wiping and wireless inventory tracking. The company purchases and securely removes hundreds of thousands of IT assets annually from major corporate end-users and leasing companies, refurbishes and resells them.
U.S. Micro Corporation and the Jordanian Institute of Standards and Metrology
May 5th, 2006
U.S. Micro Corporation hosted several officials from the Jordanian Institute of Standards and Metrology for a 2 week long intensive training session on Information Technology Asset Management, Refurbished IT Equipment Valuation and Standards, and several other workshops from IT Security and Hard Drive destruction to Application Development for securely tracking IT assets.
U.S. Micro Corp New Web Site
March 29th, 2006
We’ve redesigned our web site with a new, clean look. Be sure to check out our Tour to learn more about U.S. Micro Corp.
U.S. Micro Corp Now Starring on XBox
February 2nd, 2006
The U.S. Micro Corporation sponsored NASCAR is featured in EA Sports NASCAR: Total Team Control 2006 for the XBox. Get behind the wheel of the U.S. Micro Corporation #50 car and watch out for the wall!
U.S. Micro Corp. celebrates 10th anniversary
December 19th, 2005
To celebrate 10 great years of doing business, U.S. Micro Corp. went down to the Atlanta Motor Speedway. We rented the track, and all the cars, (and a few drivers too) for an unbelievable day of racing, food, and fun. We would like to thank our customers for 10 great years. Here’s to 10 more!
U.S. Micro Corp. First in Industry to Implement Real-Time Tracking Solution for End of Life IT Asset Recovery
May 31st, 2005
U.S. Micro raises critical IT asset security to a new level by tracking assets in real time from pickup through disposition, using custom proprietary wireless mobile solution
ATLANTA, May 31 2005 (PRNewswire) – U.S. Micro Corporation announced today that it has become the first corporate IT asset management company to implement a real-time tracking system that monitors retired IT assets from the point of on-site pickup, through shipping and final disposition - using a custom proprietary wireless mobile solution that went live this month.
U.S. Micro purchases and securely removes hundreds of thousands of IT assets (PCs and peripherals, notebooks, networking and telephony hardware, etc.) annually from major corporate end-users and leasing companies, refurbishes and remarkets them. The security of these assets - many of which may contain sensitive corporate data - during the removal and shipping process is paramount. Its first-in-the-industry mobile asset tracking system, entitled Enertia, enables U.S. Micro to maintain its position as the industry leader in
providing the highest levels of physical and data security.
“Because of the way most asset management companies operate, assets are not tracked through one system from pickup through disposition,” said Jim Kegley, U.S. Micro Corporation president. “Asset managers hire third-party trucking companies, and their tracking mechanisms are not synched with each other, let alone with the corporation from which they’re removing the assets. This low-security approach presents the dangerous possibility of assets being lost or stolen in transit or from weigh-station warehouses - and critical corporate data being released into the marketplace.”
U.S. Micro has long captured individual asset tracking data on-site at pickups and locked that data into its proprietary field technicians’ laptops, to be transmitted back to the U.S. Micro Command Center, its 24-7 command-and-control unit in Atlanta. The Command Center would then share the data with the corporation from which the assets were being removed.
U.S. Micro’s Enertia software solution takes IT asset security during the critical removal and shipping phase to a new, highly secure level. The company’s field technicians are equipped with handheld PCs using CDMA technology, Bluetooth barcode scanners, and InfraRed barcode label printers. When the technicians arrive on-site for a pickup, they scan the asset tags of each piece of equipment they are removing. For any equipment without an asset tag, they simply generate a barcode label on the spot.
All tracking data, along with a digitized signature, is sent over a secure channel in real time to both U.S. Micro’s Command Center and the project database of the corporation from which the equipment is being removed. The data is reconciled immediately against the equipment list slated for pickup to ensure 100 percent accuracy. Enertia also ensures that U.S. Micro maintains absolute asset ID custody throughout the process, from pickup through shipping to final disposition of the assets.
“Our customers highly value our industry-leading physical and data security procedures,” added Steve Bowen, vice president of Operations/Sales. “We take our security responsibility extremely seriously and are always looking for ways to improve asset security. Enertia is now providing the highest possible level of security that technology can offer. And our large corporate customers are extremely pleased with the peace of mind and the initial results from the system’s implementation.”
U.S. Micro Corporation to Sponsor Jimmy Spencer and the #50 Arnold Motorsports Dodge for Atlanta and Bristol NEXTEL Cup Races
March 10th, 2005
ATLANTA, March 10, 2005 – Veteran Jimmy Spencer will drive the #50 Dodge owned by Arnold Motorsports at the upcoming Atlanta and Bristol events in the NASCAR Nextel Cup Series. Arnold Motorsports has acquired sponsorship from U.S. Micro Corporation, based in Atlanta, for these two events.
U.S. Micro Corporation sponsored the #50 Arnold Motorsports entry at the fall Atlanta race in 2004 and is excited to rejoin the team this year with “Mr. Excitement” behind the wheel.
One of the nation’s leading corporate IT asset management companies, U.S. Micro will remain the “official computer provider” for Arnold Motorsports. U.S. Micro’s team sponsorship began in 2004, and the company will become the primary sponsor of the #50 Dodge for at least two NASCAR Nextel Cup events this year.
Jim Kegley, president of U.S. Micro, is looking forward to these two events for both personal and professional reasons. Atlanta is the headquarters of U.S. Micro, and Bristol is Kegley’s hometown.
“U.S. Micro has been an active sponsor of NASCAR for a number of years now, and we have benefited from our sponsorship in a variety of ways – national exposure for our company, great perks for our employees and fantastic entertainment opportunities for our customers and prospects,” Kegley said. “We enjoy all the Nextel Cup tracks, but the races in Atlanta and Bristol are even more meaningful because of the personal and business connections I have in both places.”
Spencer is already scheduled to run the NASCAR Craftsman Truck Series event at Atlanta and will drive all three events (NASCAR’s Craftsman Truck, Busch and Nextel Cup Series) at Bristol.
“I’m excited about the opportunity to add these NASCAR Nextel Cup races to my schedule and feel we can be competitive in the Arnold Motorsports Dodge,” said Spencer. “I’ve always liked running Atlanta with its fast speeds, and Bristol has always been exciting and one of my favorites. I think it’s neat that we get this Nextel Cup opportunity at two very diverse tracks.”
The Arnold Motorsports #50 Dodge will carry the same U.S. Micro paint scheme introduced at the 2004 fall Atlanta race for both the Golden Corral 500 (Atlanta) and the Food City 500 (Bristol).
Jim Kegley Wins Prestigious Ernst & Young Entrepreneur of the Year Award
June 21st, 2004
Jim Kegley, CEO of U.S. Micro Corporation, Named a 2004 Entrepreneur of the Year in the Alabama, Georgia, Tennessee Region; Will Now Compete in Ernst & Young’s National EOY Program
ATLANTA, June 21, 2004 – Jim Kegley, co-founder, president and chief executive officer of Smyrna-based U.S. Micro Corporation, won the prestigious Ernst & Young Entrepreneur of the Year award in a ceremony in Buckhead Thursday night. Kegley was recognized in the Business and Consumer Services category by an independent panel of judges composed of local and regional business leaders.
This prestigious designation acknowledges the financial strength and stability, effective business model, exceptional revenue growth and overall successful operation of U.S. Micro Corporation. Kegley co-founded the corporate IT asset management company in 1995 and has led its dramatic growth from a start-up to a leading national company whose client roster includes numerous Fortune 500 corporations.
“It is extremely gratifying to be recognized by Ernst & Young as the 2004 Entrepreneur of the Year in the Business and Consumer Services category,” Kegley said. “This award is a tremendous honor and a validation of the business model U.S. Micro put in place nine years ago. In addition, it is a reflection of the hard work and dedication of our entire staff every day that we’ve been in business. Everyone associated with U.S. Micro can take pride in this award, and in what we continue to achieve as a company.”
As a regional Entrepreneur of the Year award-winner, Kegley will now compete in the Ernst & Young Entrepreneur of the Year 2004 National Entrepreneur of the Year awards, to be held in November in Palm Springs, Calif. The overall national Ernst & Young Entrepreneur of the Year award winner is then considered for the world event held in Monte Carlo.
The Ernst & Young Entrepreneur Of The Year awards program was created and is produced by Ernst & Young, a global leader in professional services. As the first award of its kind, the Ernst & Young Entrepreneur of the Year recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. The program honors entrepreneurs through regional, national and global award
programs in over 100 cities and 35 countries.