HYLA Mobile’s continued contribution to the circular economy results in award win
22nd May 2019 – HYLA Mobile, the world’s leading provider of software technology and services for mobile device trade-in and reuse solutions, announces that its President and CEO, Biju Nair, has been named as a finalist for 2019 EY Entrepreneur of The Year Southwest Division awards. This award recognizes the important role Biju has played in developing HYLA into a successful company driving the circular economy.
The EY 2019 Entrepreneur of The Year program identifies the endeavors of exceptional people who are creating the products and services that keep the global economy moving forward. Spanning across 145 cities in over 60 countries, the awards signify the best in business from around the world. The judges have recognized Biju for his strategic direction, which has focused around product development and innovation, and has resulted in HYLA’s position as a leading technology for mobile device trade-ins in the telecoms market.
With more than 25 years’ experience, Biju is a recognized entrepreneur and technology industry leader. He has held a number of senior executive roles in leading technology companies and has been leading HYLA’s transformation since 2014. At HYLA, he has been instrumental in raising investment, leading technology & IP development, transforming HYLA’s business model and building a strong team.
Biju’s entrepreneurial success and focus on technology and innovation has won him the IEEE Chairman’s Award and seen HYLA recognized by World Economic Forum as a top 10 company in the circular economy domain. Biju is a frequently invited speaker at major wireless conferences and holds numerous patents in the wireless and software domains.
“Being shortlisted as a finalist for the EY Entrepreneur of The Year is an honor and a testament to the incredible work that the team at HYLA has performed over the last decade. I believe that to be truly disruptive today, your business needs to have meaningful impact beyond profit. And this is exactly what HYLA does—I am proud of the sustainable impact mobile device trade-ins bring to the environment, combating the rising issues of climate change, as well as providing digital access to those in emerging economies, while creating a winning business model for our customers and their subscribers,” said Biju Nair.
HYLA has completed more than 53 million mobile device trade-ins since its inception in 2009, and works with operators, OEMS, retailers and insurance companies to deliver mobile device trade-in programs. With HYLA’s data analytics and automation software, businesses can reduce churn, increase revenue streams and deliver cost savings—all while benefiting the environment.
Winners of the EY Entrepreneur of the Year awards will be announce on June 29th 2019.
About HYLA Mobile
HYLA, Inc. (“HYLA Mobile”) is one of the world's leading providers of mobile device trade-in and reuse solutions, backed by Venture Capital firms Kleiner, Perkins, Caufield & Byers, Silver Lake, OpenAir Equity Partners, RRE Ventures, SJF and NGEN. Since its founding in 2009, HYLA has worked to develop technology and solutions that extend the lifecycle of mobile devices to build economic opportunity and enable information access for new users, while helping to protect our planet. HYLA’s leadership in promoting Circular Economy was recently recognized by the World Economic Forum by naming HYLA as a finalist for the prestigious Circulars Award.
HYLA partners with leading wireless carriers, retailers, OEMs, insurers, and online brands to provide lifecycle management for used mobile devices. HYLA extends the life of these devices to consumers around the world, providing access to affordable, high-quality wireless technology in developed and emerging markets.
The secondary mobile device market is estimated to grow to $38.9 billion in 2025, up from $19.7 billion in 2017, making it one of the fastest growing segments in the mobile space. HYLA has completed more than 53 million mobile device trade-ins since its founding in 2009. To learn more about how HYLA Mobile is changing the way people think about used mobile devices, visit www.HYLAMobile.com.
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