Welcome to our dedicated page for Climb Global news (Ticker: CLMB), a resource for investors and traders seeking the latest updates and insights on Climb Global stock.
Climb Global Solutions (NASDAQ: CLMB) is a leading value-added IT distributor connecting innovative technology vendors with resellers and managed service providers worldwide. This news hub provides investors and technology professionals with essential updates on the company's strategic initiatives in cybersecurity, cloud solutions, and emerging IT infrastructure markets.
Access real-time updates on CLMB's distribution partnerships, financial performance, and market expansion efforts. Our curated news collection includes earnings announcements, vendor relationship developments, and operational updates that impact the company's position in the technology channel ecosystem.
Key coverage areas include enterprise software distribution agreements, cybersecurity product launches through Climb Channel Solutions, and strategic acquisitions enhancing Grey Matter's cloud service capabilities. Track CLMB's progress in bridging innovative technologies with global reseller networks across North America and Europe.
Bookmark this page for streamlined access to official press releases and market analysis. Check back regularly to stay informed about Climb Global Solutions' role in enabling digital transformation through its specialized IT distribution networks.
Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), has expanded its GSA IT-70 Contract to include Wasabi Technologies, a leader in Hot Cloud Storage. This addition enhances Climb's government offerings with Wasabi's secure and cost-effective cloud storage solutions. The partnership allows Climb to offer Wasabi hot cloud storage, Wasabi Surveillance Cloud, and Wasabi Account Control Manager through its GSA portfolio.
Wasabi's solutions provide predictable pricing, high performance, and secure cloud object storage, meeting critical compliance requirements for public sector customers. This expansion aligns with the government's need for scalable and budget-friendly data management solutions, accessible through the streamlined GSA Schedule procurement process.
Climb Channel Solutions has announced a strategic partnership with Flashpoint, aiming to enhance security and intelligence capabilities for mission-critical organizations globally. This collaboration focuses on the distribution of Flashpoint's advanced threat intelligence platform, Flashpoint Ignite, through Climb's extensive network. Both companies emphasize the importance of timely and actionable threat data to protect people, places, and assets. Flashpoint's expertise in threat intelligence, combined with Climb's distribution prowess, is expected to deliver significant growth and unparalleled value to their mutual customers, particularly value-added resellers (VARs) and managed service providers (MSPs).
Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), announced that CRN recognized seven of its women employees on the 2024 Women of the Channel list. Additionally, Climb's VP of Marketing Worldwide, Kim Stevens, was named to the 2024 Women of the Channel Power 100. This list honors women leaders in the technology industry for their innovation, leadership, and contributions to advancing the IT channel. The recognition highlights Climb Channel Solutions' commitment to promoting female leadership within the company and the broader technology industry. The 2024 Women of the Channel list will be featured in CRN Magazine's June issue.
In the first quarter of 2024, Climb Global Solutions reported a 9% increase in net sales to $92.4 million, with adjusted gross billings up 16% to $355.3 million. Despite a decrease in net income and adjusted EBITDA, the company CEO remains optimistic about future growth, acquisitions, and cost synergies. Climb also declared a quarterly dividend of $0.17 per share of common stock.
Climb Channel Solutions, a subsidiary of Climb Global Solutions, received ten prestigious awards in Q1 2024, highlighting its commitment to excellence. The company's dedication to providing exceptional service to partners and customers globally was recognized by industry leaders. Climb's success is attributed to its team's hard work, expertise, and strong partnerships. The awards showcase the company's continued focus on innovation, collaboration, and success in the channel.
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