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. (NASDAQ: CLMB) is a prominent value-added IT distribution and solutions company specializing in emerging technologies. Operating across the USA, Canada, and Europe, Climb Global Solutions functions through multiple business units including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend.
Founded in 1982 and headquartered in Eatontown, New Jersey, Climb Global Solutions has a rich history of innovation and growth. Initially listed on the NASDAQ in 1995, the company has sustained its market presence through strategic partnerships and a focus on cutting-edge technology solutions.
The company is organized into two primary segments:
- Distribution Segment: Through Climb Channel Solutions, this segment distributes technical software and hardware to corporate resellers, value-added resellers (VARs), consultants, and systems integrators. The focus areas include Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle Management (ALM).
- Solutions Segment: Under the Grey Matter brand, this segment acts as a cloud solutions provider and value-added reseller, delivering comprehensive software, hardware, and services to its customers.
Climb Global Solutions is known for its innovative approach and diverse offerings, which include over 100 emerging brands. The company’s global presence and high-touch business practices allow it to cater to various markets effectively, providing unique solutions tailored to meet diverse client needs.
Recent Achievements and Partnerships: Climb recently formed a strategic alliance with Global Technologies, a minority-owned IT distribution company. This partnership emphasizes business inclusion and aims to expand Climb’s reach across multiple regions, including North America, LATAM, the UK, and EMEA.
Moreover, Climb was honored with the Distributor of the Year award from Delinea, further highlighting its strong performance and dedication to partner engagement. The company’s commitment to excellence is also reflected in numerous industry recognitions and awards received by its team members.
Financials and Market Presence: Climb’s Q1 2024 financial results showcase a net sales increase of 9% year-on-year to $92.4 million, with adjusted gross billings up 16% to $355.3 million. This financial performance underscores the company’s growth trajectory and robust market position.
Those interested in learning more about Climb Global Solutions and its offerings can visit their official website at www.climbglobalsolutions.com, or contact their sales team via phone or email for further inquiries.
Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced two key leadership promotions. Kim Stevens has been elevated to Chief Marketing Officer (CMO) from her previous role as Vice President of Worldwide Marketing, while Charles Bass transitions from CMO to the newly created position of Chief Alliances Officer (CAO).
The company has also revealed over 12 internal promotions during their recent Sales Kickoff event themed 'Run With Us'. Stevens will focus on developing marketing strategies to enhance Climb's global presence and support reseller growth. Bass, who served as CMO for four years, will concentrate on expanding strategic partnerships and identifying emerging brands in his new CAO role.
CEO Dale Foster emphasized that these promotions reflect Climb's commitment to nurturing internal talent and adapting to the evolving technology landscape. The company specializes in Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle distribution services.
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.
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