Climb Global Solutions, Inc. Acquires interworks.cloud, Strengthening Cloud and Software Distribution Capabilities Across Europe

Rhea-AI Summary

Climb Global Solutions (NASDAQ:CLMB) completed the acquisition of interworks.cloud for an aggregate purchase price of approximately €8.0 million ($9.4 million), expanding distribution reach across Greece, Malta, Bulgaria and Cyprus. Interworks brings >600 reseller/MSP relationships and reported adjusted EBITDA €901,000 for fiscal 2025, up 86% year-over-year. Climb expects the transaction to be accretive to earnings and adjusted EBITDA and to strengthen its Microsoft CSP presence and cloud distribution capabilities across Southeastern Europe.

Positive

• Acquisition price of €8.0 million ($9.4M)
• Interworks reported adjusted EBITDA €901,000 for FY2025, +86% YoY
• Adds over 600 reseller and MSP relationships in Southeastern Europe
• Strengthens Pan-European Microsoft CSP distribution footprint
• Transaction expected to be accretive to earnings and adjusted EBITDA

Negative

• None.

Key Figures

Purchase price: €8.0 million ($9.4 million) Interworks adj. EBITDA: €901,000 ($1.0 million) Prior-year adj. EBITDA: €485,000 ($548,000) +5 more

8 metrics

Purchase price €8.0 million ($9.4 million) Aggregate consideration for Interworks acquisition

Interworks adj. EBITDA €901,000 ($1.0 million) Fiscal year ended Dec 31, 2025

Prior-year adj. EBITDA €485,000 ($548,000) Interworks prior fiscal year

EBITDA growth 86% Interworks adjusted EBITDA year-over-year increase

Reseller/MSP relationships Over 600 Interworks cloud reseller and MSP relationships

Price move pre-news -8.19% CLMB 24h price change before article publication

52-week range $88.90 – $145.02 CLMB 52-week low and high before news

Relative volume 1.61× Today’s volume vs 20-day average

Market Reality Check

Price: $99.77 Vol: Volume 97,981 is 61% abov...

high vol

$99.77 Last Close

Volume Volume 97,981 is 61% above 20-day average of 60,962, indicating elevated trading interest pre-news. high

Technical Shares at $108.73 are trading below the 200-day MA of $115.40 and 25.03% below the 52-week high.

Peers on Argus

CLMB fell 8.19% with above-average volume as Argus momentum data shows 2 sector ...

2 Down

CLMB fell 8.19% with above-average volume as Argus momentum data shows 2 sector peers (e.g., CAN -2.15%, ZEPP -0.45%) also moving down, pointing to broader weakness.

Common Catalyst Peer moves appear sector-driven without a unifying news catalyst; only one peer (NSIT) reported a conference-related headline.

Previous Acquisition Reports

1 past event · Latest: Aug 07 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Aug 07	Acquisition announcement	Positive	+13.0%	Acquisition of Douglas Stewart to expand North American education offerings.

Pattern Detected

Prior acquisition news for CLMB was followed by a strong positive move, suggesting the stock has historically reacted favorably to M&A announcements.

Recent Company History

The company previously announced an acquisition on Aug 7, 2024, buying Douglas Stewart Software & Services for $20.3 million to expand in North American education markets. That deal, which added 20 vendor partners and significant reseller reach, saw a 13.03% 24-hour price gain. Today’s Interworks acquisition extends this inorganic growth strategy into Southeastern Europe and deepens the Microsoft-focused cloud distribution footprint, continuing the theme of using targeted M&A to broaden geography and end markets.

Historical Comparison

+13.0% avg move · Over the past acquisition cycle, CLMB’s prior M&A news produced a 13.03% gain. Today’s accretive Int...

acquisition

+13.0%

Average Historical Move acquisition

Over the past acquisition cycle, CLMB’s prior M&A news produced a 13.03% gain. Today’s accretive Interworks deal contrasts with that pattern, coinciding with a notably negative price move.

Recent M&A shows a progression from strengthening North American education distribution (Douglas Stewart) to expanding cloud and Microsoft-focused distribution across Southeastern Europe (Interworks).

Market Pulse Summary

This announcement details CLMB’s acquisition of Interworks for €8.0 million, adding over 600 reselle...

Analysis

This announcement details CLMB’s acquisition of Interworks for €8.0 million, adding over 600 reseller and MSP relationships and €901,000 in adjusted EBITDA that grew 86% year over year. It extends a strategy seen in the Douglas Stewart deal, using M&A to expand geography and capabilities. Investors may watch upcoming earnings commentary for integration plans, Microsoft CSP traction in Southeastern Europe, and how this changes overall growth and margin profiles.

Key Terms

adjusted EBITDA, managed service provider, form 8-k

3 terms

adjusted EBITDA financial

"Interworks reported adjusted EBITDA of approximately €901,0002 ($1.0 million3)"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

managed service provider technical

"over 600 cloud reseller and managed service provider (“MSP”) relationships"

A managed service provider (MSP) is a company that remotely runs and maintains another organization’s technology systems—like networks, servers, security, or cloud services—on a continuous, contract basis. Think of it as hiring a building superintendent who ensures everything runs, gets fixed quickly, and is upgraded when needed. For investors, MSPs matter because they typically generate steady, recurring income, reduce client churn, and concentrate operational and security risks that affect profitability and growth.

form 8-k regulatory

"in Climb’s Current Report on Form 8-K to be filed with the Securities"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. Not financial advice.

Acquisition Expands Climb’s Reach in Greece, Malta, Bulgaria and Cyprus and Advances Pan-European Microsoft Distribution Strategy

Transaction Expected to be Accretive to Earnings and Adjusted EBITDA

EATONTOWN, N.J., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, has completed the acquisition of interworks.cloud (“Interworks”), a leading value-added cloud distributor in Southeastern Europe, for an aggregate purchase price of approximately €8.0 million ($9.4 million¹).

Interworks is a Greece-based cloud distributor serving reseller markets across Southeastern Europe, including Greece, Malta, Cyprus, Bulgaria, and other regional markets. Interworks brings its established regional presence to Climb with over 600 cloud reseller and managed service provider (“MSP”) relationships, and carefully selected vendor partners including Acronis, Google, AnyDesk, NinjaOne, Nord Security, ThreatDown, Blackwall, and most notably, Microsoft, among others. For its fiscal year ended December 31, 2025, Interworks reported adjusted EBITDA of approximately €901,000² ($1.0 million³), which was up 86% from approximately €485,000² ($548,000³) the prior fiscal year.

Management Commentary

“The acquisition of Interworks builds upon our strategy to expand our cloud and software distribution capabilities across Europe while strengthening our Pan-European Microsoft partnership,” said Climb CEO Dale Foster. “Having worked alongside Interworks for nearly a decade, we have developed strong alignment in culture, strategy and partner focus. Interworks brings an experienced management team, established Microsoft CSP business, multi-country footprint and deep expertise in cloud marketplace and MSP-focused distribution. Interworks will enhance our ability to drive cross-sell opportunities, build greater depth with our partners and position Climb as the distributor of choice across Southeastern Europe.

“Importantly, the full Interworks team will join Climb, ensuring continuity and high-quality local support for partners and customers, while benefiting from our global scale and investment. This acquisition meaningfully strengthens our position within the Microsoft CSP ecosystem across Europe and enhances our ability to support partners at scale while meeting Microsoft’s evolving compliance and partner requirements. We expect the acquisition to be accretive to earnings and adjusted EBITDA, as well as position Climb as a leading cloud and software distributor across Southeastern Europe.”

Commenting on the acquisition, Interworks Managing Director Stamatis Barbounakis stated: “Since our inception, Interworks has built a partner-first cloud distribution model across Southeastern Europe, supporting more than 600 resellers and MSPs with high-quality local enablement, support and marketplace capabilities. Climb shares our culture, our standards, and our focus on scalable, partner-centric distribution, particularly within the Microsoft CSP ecosystem. Joining Climb is a major milestone for our team and our partners, and we believe it positions Interworks to increase reach, broaden our vendor and solution capabilities, and deliver even greater value across our markets.”

Additional information can be found in Climb’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission on February 24, 2026.

About Climb Global Solutions

Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the U.S., Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

Additional information can be found by visiting www.climbglobalsolutions.com.

About Interworks

Interworks is a value-added cloud distributor headquartered in Greece, serving reseller and managed service provider (MSP) partners across Southeastern Europe, including Greece, Malta, Cyprus, and Bulgaria. Since its inception, the company has supported partners with enablement, transparent collaboration, and 24/7 technical support, helping organizations adopt next-generation cloud solutions at scale. Interworks works with a network of 600+ cloud resellers and MSPs and maintains partnerships with leading software vendors, including Microsoft, Acronis, Nord Security, NinjaOne, ThreatDown by Malwarebytes, AnyDesk and Blackwall, among others. The company is a Microsoft Solutions Partner and the first certified Acronis Training Center in Southeastern Europe. Cloud applications spanning productivity, collaboration, security, backup, endpoint protection, and disaster recovery are available through the interworks.cloud Marketplace.

Non-GAAP Financial Measures

Climb Global Solutions uses non-GAAP financial measures, including adjusted net income and adjusted EBITDA, as supplemental measures of the performance of the Company’s business. Use of these financial measures has limitations, and you should not consider them in isolation or use them as substitutes for analysis of Climb’s financial results under generally accepted accounting principles in the United States of America (“U.S. GAAP”). The attached tables provide definitions of these measures and a reconciliation of each non-GAAP financial measure to the most nearly comparable measure under U.S. GAAP.

Forward-Looking Statements

The statements in this release, other than statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and are intended to come within the safe harbor protection provided by those sections. These forward-looking statements are subject to certain risks and uncertainties. Many of the forward-looking statements may be identified by words such as ”looking ahead,” “believes,” “expects,” “intends,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “opportunity,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. In this press release, the forward-looking statements relate to, among other things, declaring and reaffirming our strategic goals, future operating results, and the effects and potential benefits of strategic acquisitions on our business, payments of dividends and the Company’s capital allocation objectives. Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include, without limitation, our ability to recognize the anticipated benefits of the acquisitions of Interworks and Douglas Stewart Software & Services, LLC, the continued acceptance of the Company’s distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, competitive pricing pressures, the successful integration of acquisitions, contribution of key vendor relationships and support programs, inflation, import and export tariffs, the successful integration artificial intelligence tools, interest rate risk and impact thereof, as well as factors that affect the software industry in general. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described in the section entitled “Risk Factors” contained in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and from time to time in the Company’s filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.

Company Contact

Matthew Sullivan
Chief Financial Officer
(732) 847-2451
MatthewS@ClimbCS.com

Investor Relations Contact

Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
CLMB@elevate-ir.com

¹ Amount converted from EUR to USD based on an exchange rate of €1 = $1.18 as of 2/24/26.
²Amount derived from the internal financial statements prepared by management of Interworks and may not be comparable to Climb’s non-GAAP measures.
³ Amount converted from EUR to USD based on average exchange rate during the 12-month period ended December 2025 (€1 = $1.13).

FAQ

What did Climb (CLMB) pay to acquire interworks.cloud on February 24, 2026?

Climb paid an aggregate purchase price of approximately €8.0 million ($9.4 million). According to the company, the deal closes immediately and brings interworks' regional operations into Climb's European distribution network.

How large was interworks.cloud's adjusted EBITDA before the acquisition by CLMB?

Interworks reported adjusted EBITDA of €901,000 for fiscal 2025, an 86% increase year-over-year. According to the company, this growth reflects stronger regional demand and improved margins versus the prior year.

How many reseller and MSP partners does interworks.cloud add to Climb (CLMB)?

Interworks adds over 600 cloud reseller and MSP relationships across Southeastern Europe. According to the company, these partners expand Climb's local reach in Greece, Malta, Cyprus, Bulgaria and nearby markets.

Will the interworks.cloud acquisition affect Climb's Microsoft distribution capabilities (CLMB)?

Yes. The acquisition strengthens Climb's position within the Microsoft CSP ecosystem across Europe. According to the company, interworks' established Microsoft CSP business and local compliance support bolster Climb's pan-European Microsoft strategy.

Is the interworks.cloud deal expected to be immediately accretive for CLMB shareholders?

Climb expects the acquisition to be accretive to earnings and adjusted EBITDA. According to the company, management anticipates near-term financial benefit from cross-sell opportunities and scale, while retaining the full Interworks team for continuity.