Welcome to our dedicated page for Climb Global Solutions news (Ticker: CLMB), a resource for investors and traders seeking the latest updates and insights on Climb Global Solutions stock.
Climb Global Solutions, Inc. reports developments as a value-added global IT distribution and solutions company serving technology vendors, resellers, MSPs, VARs and systems integrators. Through Climb Channel Solutions, Grey Matter and Climb Global Services, the company distributes and supports products in security, data management, connectivity, storage and HCI, virtualization and cloud, and software and application lifecycle markets across the U.S., Canada and Europe.
Recurring news for CLMB covers financial results, vendor distribution partnerships, channel-program expansion and public-sector initiatives such as Climb SLED. Company updates also include portfolio additions in credential security, monitoring and observability, capital actions such as stock splits, and integration of acquired cloud-distribution capabilities.
Climb Global Solutions (NASDAQ:CLMB) has appointed Matthew Sullivan as its new Chief Financial Officer, effective January 10, 2025. Sullivan, who previously served as the company's Chief Accounting Officer, succeeds Andrew Clark, who is retiring but will remain as an advisor until April 15, 2025, to ensure a smooth transition.
Sullivan joined Climb in 2019 as Vice President, Corporate Controller, and has been instrumental in overseeing global financial functions and driving the financial diligence process for five accretive acquisitions since 2020. His previous experience includes finance roles at Jackson Hewitt Tax Service and BDO USA, LLP. Sullivan is a Certified Public Accountant with a bachelor's degree in accounting from Kutztown University of Pennsylvania.
Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a strategic partnership with Scality, a leader in cyber-resilient storage software. The partnership aims to distribute Scality's enterprise-grade storage solutions across North America, including ARTESCA and RING products.
The collaboration focuses on providing scalable and secure storage solutions optimized for AI data pipelines and protection against ransomware threats. Climb will leverage its extensive network of resellers, VARs, and managed service providers to distribute Scality's portfolio, which includes RING, RINGXP, and ARTESCA solutions.
Climb Global Solutions (NASDAQ:CLMB) reported record Q3 2024 results with significant growth across all key metrics. Net sales increased 52% to $119.3 million, while adjusted gross billings rose 65% to $465.2 million. Net income more than doubled to $5.5 million ($1.19 per share), and adjusted net income reached $7.1 million ($1.55 per share). Adjusted EBITDA grew 96% to $9.9 million.
The company's performance was driven by organic growth in both U.S. and Europe, successful integration of DSS and DataSolutions acquisitions, and deeper relationships with existing customers. The Board declared a quarterly dividend of $0.17 per share, payable on November 15, 2024.
Climb Channel Solutions has announced a North American partnership with Fortra, a cybersecurity solutions provider. Through this collaboration, Climb's North American VARs and MSPs will gain access to Fortra's complete portfolio of cybersecurity solutions, including digital risk protection, email security, data protection, and managed security services. The Fortra platform enables partners to unify their cybersecurity stack, offering features such as broad-spectrum defense, AI-powered threat detection, and efficient threat mitigation capabilities.
Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a North American partnership with FinQuery. The collaboration introduces FinQuery's AI-powered Software Management platform to Climb's distribution network. The platform offers comprehensive visibility and management of software assets and contracts, helping organizations optimize spending, reduce risk, and improve forecasting. Through this strategic partnership, FinQuery aims to expand its market reach by leveraging Climb's extensive network to recruit new resellers and engage potential customers.
Climb Global Solutions, Inc. (NASDAQ:CLMB) has announced its upcoming third quarter 2024 conference call, scheduled for October 31, 2024, at 8:30 a.m. Eastern time. The company, a value-added global IT channel provider offering unique sales and distribution solutions for innovative technology vendors, will discuss its financial results for the quarter ended September 30, 2024.
Key details for the call include:
- Financial results to be reported in a press release prior to the call
- Management-hosted call followed by a Q&A session
- Toll-free dial-in: (800) 274-8461
- International dial-in: (203) 518-9814
- Conference ID: CLIMB
Interested parties can submit questions beforehand via email to CLMB@elevate-ir.com. A webcast will be available, and a replay can be accessed on the company's investor relations website.
Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), has expanded Bluebeam offerings into the LATAM territory. This expansion includes in-region sales and technical assistance for Bluebeam partners in LATAM, complementing their existing North American operations.
Bluebeam, recognized as a leading solution for digital project collaboration, enables users to create, annotate, and share PDF documents, streamlining workflows and enhancing communication among project stakeholders. Curt Bramel, Senior Director of Global Sales at Bluebeam, emphasized their commitment to equipping AEC customers with tools for managing PDF scanning, markups, and workflows.
Dale Foster, CEO of Climb Channel Solutions, highlighted that this expansion demonstrates their strategy to extend reach and offerings across global territories, benefiting current and prospective LATAM partners with Bluebeam's project optimization solutions.
Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), has announced a global partnership with A-LIGN, a leading security and compliance vendor. A-LIGN specializes in SOC 2, ISO 27001, HITRUST, FedRAMP, CMMC, and other compliance standards, as well as cybersecurity services like penetration testing and ransomware preparedness.
This collaboration aims to expand both companies' global partner base, offering top cybersecurity compliance programs to mitigate risks. Andrew Steioff, VP of Global Strategic Alliances at A-LIGN, emphasized the partnership's potential to enhance market reach and work with MSPs and VARs. Dale Foster, CEO of Climb Channel Solutions, highlighted the importance of providing necessary cybersecurity tools in the current regulatory landscape.
Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), has announced a new partnership with Keyfactor to expand the availability of public key infrastructure (PKI) and machine identity management solutions across North America. This collaboration aims to provide Climb's partners with access to Keyfactor's end-to-end solution for issuing and managing identities at scale, addressing the evolving security demands of modern enterprises.
The partnership is expected to enhance Keyfactor's ability to scale partner relationships and engage with a broader customer base. Climb partners will benefit from Keyfactor's global partner strategy, cross-selling opportunities, and services engagements. The collaboration focuses on fortifying security postures through advanced identity management and post-quantum cryptography frameworks, ultimately accelerating customer success in PKI and certificate management.
Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), has announced a partnership with MSP360, a backup and IT management software vendor. This collaboration aims to provide Climb partners, including MSPs and resellers, with comprehensive IT solutions tailored to their specific needs.
MSP360's offerings include backup and recovery, RMM, remote access, and AI-powered cybersecurity. The partnership aligns with Climb's focus on emerging technologies and is expected to expand their shared global presence. This launch will provide additional resources to Climb's existing and new MSP partners, offering data protection, secure remote access, and RMM capabilities.