Climb Global Stock Price, News & Analysis

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has promoted Carlos Rodrigues to President of North America. Rodrigues, who joined Climb in 2020 through the acquisition of Interwork Technologies, has served as Vice President of Sales and brings over 20 years of experience in value-added distribution.

Under his leadership, Rodrigues established a dedicated Vendor Management team of 36 channel professionals across North America. As President, he will oversee all North America sales operations, focusing on accelerating growth and expanding market presence. CEO Dale Foster praised Rodrigues's loyalty, leadership, and proven track record in driving company-wide growth and strengthening vendor relationships.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a partnership with Smartsheet to distribute their AI-enhanced enterprise work management platform in North America. The partnership gives Climb's resellers access to Smartsheet's complete portfolio, which was recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Collaborative Work Management.

Smartsheet, which ranked highest in "Ability to Execute" for the second consecutive year, is the only Collaborative Workplace Management software in Climb's offering. The collaboration aims to expand Smartsheet's global reach through Climb's extensive reseller network while providing organizations with tools for enhanced productivity and innovation.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a strategic partnership with Accelsius, a leader in liquid cooling solutions for high-performance computing. The partnership focuses on distributing Accelsius' NeuCool™ technology, a two-phase, direct-to-chip liquid cooling system designed for AI and data-intensive workloads. Accelsius employs a 100% channel-driven strategy, and through this partnership, Climb will help scale the deployment of their cooling solutions. The collaboration aims to enable resellers, integrators, and service providers to deliver sustainable, high-performance infrastructure solutions more effectively, particularly addressing the growing demands of AI computing and data center technologies.

Climb Global Solutions reported strong Q1 2025 financial results, with net sales surging 49% to $138.0 million and net income rising 35% to $3.7 million ($0.81 per share). The company's adjusted EBITDA increased 38% to $7.6 million, while gross billings grew 34% to $474.6 million.

Key highlights include a 36% increase in Distribution segment gross billings to $453.6 million and a 2% rise in Solutions segment to $21.0 million. The company maintained strong liquidity with $32.5 million in cash and minimal debt of $0.6 million. A quarterly dividend of $0.17 per share was declared, payable May 16, 2025.

CEO Dale Foster attributed the growth to successful core initiatives and integration of Douglas Stewart Software & Services (DSS). The company plans to leverage its new ERP system for operational efficiencies and remains active in pursuing M&A opportunities to expand its presence in North America and overseas.

Climb Global Solutions (NASDAQ:CLMB) has appointed Paul Giovacchini to its Board of Directors, expanding the board to seven members, with six independent directors under Nasdaq listing standards. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership.

Currently serving as Lead Independent Director of TPI Composites (NASDAQ:TPIC), where he previously served as Chairman, Giovacchini also works as an independent consulting advisor to Advantage Capital Management. He holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School.

The appointment aligns with Climb's strategy to strengthen its operational foundation and advance organic and inorganic growth initiatives in the global IT channel, where the company provides sales and distribution solutions for technology vendors.

Climb Global Solutions (NASDAQ:CLMB), a value-added global IT channel company, has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025, at 8:30 a.m. Eastern time. The company will release its financial results for the quarter ended March 31, 2025, via press release before the call.

The management team will host the conference call, which will include a question-and-answer session. Shareholders can submit questions in advance by emailing CLMB@elevate-ir.com. The call will be accessible via toll-free dial-in (800) 267-6316 or international dial-in (203) 518-9783 using Conference ID: CLIMB. A webcast replay will be available on the company's investor relations website.

Climb Channel Solutions (NASDAQ: CLMB) has announced a global distribution partnership with Unframe, an enterprise AI platform provider that recently secured $50M in funding. The partnership primarily focuses on North America and EMEA markets.

Unframe's platform, currently utilized by Fortune 500 companies, enables businesses to implement AI solutions within hours instead of months, without requiring fine-tuning, training, or data sharing. The platform features secure integration with various systems and operates within existing company environments, ensuring compliance and control.

The collaboration combines Climb's global distribution network with Unframe's enterprise-grade AI solutions. Notable features of Unframe's platform include outcome-based pricing, zero lock-in policy, and seamless integration with SaaS, APIs, databases, and files. Climb is also expanding its AI initiatives, including the rollout of its AI Academy from the DACH region to the UK&I.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a strategic partnership with Thales, a global cybersecurity leader. The partnership enables Climb to distribute the complete Thales Cyber Security Product (CSP) suite, which includes Application Security, Data Protection, and Identity and Access Management solutions.

The collaboration aligns with the recent launch of the Thales and Imperva Accelerate Partner Network, a harmonized program that streamlines partner interactions through synchronized benefits, discounts, and go-to-market support. Climb will now offer solutions from both Thales and Imperva, creating a comprehensive cybersecurity portfolio for their resellers.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has awarded Freshworks the Strategic Partner of the Year award at its 2025 Climb Partner Conference in Miami. The recognition highlights the successful partnership between the two companies in delivering IT service and customer service solutions.

The award, presented by Carlos Rodriguez to Chase Bertrand and Logan Romaine from Freshworks, acknowledges their joint commitment to growth and channel value creation. Freshworks has strengthened its market position through innovation and expansion, including the acquisition of Device42 to enhance its IT service management portfolio.

Laura Padilla, SVP of Channels and Alliances at Freshworks, emphasized their focus on providing enterprise-grade solutions without complexity, while Climb Channel Solutions CEO Dale Foster praised Freshworks' channel-first approach and the partnership's momentum in delivering growth.