Maxxum, Inc Announces MAXXUMIZE Strategic Growth Initiative

April 7, 2017

Minneapolis and St. Paul, MN (April, 2017)—Maxxum Inc., an IT asset management and data destruction firm based in the Twin Cities, today announced its MAXXUMIZE Strategic Growth Initiative incorporating a new organizational structure along with the promotion of a current employee to a newly created Director of Operations position.

Maxxumize Strategic Growth Initiative

The MAXXUMIZE Strategic Growth Initiative is designed to support profitable growth, greater operational efficiency, and improved collaboration across the enterprise.  “We will focus our actions to support our organic growth and the integration of our recent acquisition of Trace Technology Management,” said Rich Woodward, Maxxum CEO. “We are increasing the customer focus of our organization by streamlining it for greater agility and speed.”

The company is also moving its rapidly growing IT equipment remarketing business to its St. Louis Park facility.  “Space constraints along with the opportunity to operate this as a standalone business and in a more entrepreneurial manner were our motivations,” said Tom Pritzker, Maxxum President.  “We expect to better manage and more quickly turn inventory because we will operate without some of the constraints imposed by the processes and security requirements of our data destruction business that dominates our Rush City Facility.  This separation of operations offers us the best of both worlds,” said Pritzker.

Larry Hovseth Promoted to Director of Operations

As part of this strategic initiative, Maxxum promoted Larry Hovseth to Director of Operations.  For the past three years, Hovseth held the role of Manager of Technology Services where he was responsible for data destruction processes, on-site services, compliance and Maxxum’s IT function, among other initiatives.

In his new role, Hovseth will oversee the entire operations team and be responsible for all processing operations in both Rush City and St. Louis Park.  “The MAXXUMIZE Strategic Growth Initiative is designed to support our profitable growth, greater operational efficiency, and improved collaboration,” said Pritzker.  “Larry is the point person to make sure this happens in our operations in a timely manner.  He is one of our best thinkers and knows our business well.”

Prior to joining Maxxum, Hovseth was with Imation in a variety of roles.

About Maxxum: Maxxum is well-regarded, long-established presence in the IT asset management and remarketing space both in Minnesota and nationally.  As a risk mitigation partner for leading companies around the country, particularly those in highly regulated industries, Maxxum is known for its extensive technical expertise, regulatory knowledge, multi-industry specialization and enduring client relations.

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