Arrow Electronics Enhances IT Asset Disposition Services with Independent Chain-of-Custody Offering

CENTENNIAL, Colo.–(BUSINESS WIRE)–Arrow Electronics, Inc. (NYSE:ARW) today announced that it is now
offering Retire-IT’s certified chain-of-custody services to customers of
Arrow’s Value Recovery business.

Arrow has always provided secure chain-of-custody options to its
clients. This collaboration with Retire-IT provides Arrow’s Value
Recovery customers who require a highly secure chain-of-custody with the
added option of utilizing a third-party provider to verify that all of
their IT assets are accounted for throughout the shipping and
refurbishment processes.

“Chain-of-custody is a critical security requirement for all of Arrow’s
Value Recovery clients,” said Joep van Loon, vice president of Arrow’s
Value Recovery business in North America. “Arrow’s Value Recovery
business is focused on providing the most secure and trusted solution
for our clients—they turn to us because we are the most effective and
most transparent provider in this space. In addition to Arrow’s
already-comprehensive services, our clients can now have
chain-of-custody verified by an independent third-party in order to
satisfy their requirements under various privacy laws and regulations.”

Retire-IT is a leading chain-of-custody specialist in IT asset
disposition (ITAD). The company pioneered the use of ITAD disposal tags
to deter employee theft and establish an unbroken chain-of-custody for
retired equipment. Retire-IT’s proprietary tracking software can
instantly verify the custody of a specific IT asset, automating the
inventory-reconciliation process.

“Chain-of-custody is not a catchphrase,” said Tyler Parks, vice
president of Retire-IT. “As an industry leader, Arrow recognizes that
its clients require chain-of-custody for privacy compliance. By
providing its clients with independent verification and effective tools,
Arrow demonstrates a deep commitment to transparency and shows why it is
a trusted provider for security-conscious organizations.”

Arrow’s Value
Recovery business
works with its customers to securely refurbish
computers, tablets, smartphones and other electronic devices for
additional use, or repurpose their still-valuable component parts for
other uses. Whenever possible, Arrow emphasizes extending the life of
these devices by selling them, redeploying them within organizations or
donating them. Arrow has been recognized as a global leader for its
Value Recovery work by the independent information technology research
and advisory firm Gartner.

About Arrow Electronics
Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
100,000 original equipment manufacturers, contract manufacturers and
commercial customers through a global network of more than 460 locations
in 56 countries.

Contacts

Arrow Electronics
Meghan Macdonald, 303-824-4589
mmacdonald@arrow.com