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 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.
Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a new distribution partnership with Darktrace, a global leader in AI cybersecurity. The agreement enables Climb to distribute Darktrace's AI-powered cybersecurity products across North America.
Darktrace's ActiveAI Security Platform offers proactive cyber resilience through real-time threat detection and autonomous response, protecting cloud, email, identities, operational technology, endpoints, and network infrastructure. The platform currently serves nearly 10,000 customers across various industries globally.
The partnership aims to enhance cybersecurity offerings for Climb's resellers and their clients, while expanding Darktrace's market presence in North America. The collaboration focuses on delivering AI-powered cybersecurity solutions to address evolving threat landscapes.
Climb Global Solutions (NASDAQ:CLMB) reported record financial results for Q4 and FY 2024. Fourth quarter highlights include: net sales up 51% to $161.8M, net income increased 33% to $7.0M ($1.52 per share), and adjusted EBITDA grew 75% to $16.1M.
Full year 2024 performance showed substantial growth with net sales rising 32% to $465.6M, net income up 51% to $18.6M ($4.06 per share), and adjusted EBITDA increasing 61% to $39.6M. The company's gross billings reached $1.8B, up 42% from 2023.
The company completed the acquisition of Douglas Stewart Software & Services (DSS) on July 31, 2024, which was immediately accretive to earnings. The Board declared a quarterly dividend of $0.17 per share, payable March 21, 2025. As of December 31, 2024, the company maintained a strong balance sheet with $29.8M in cash and minimal debt of $0.8M.
Climb Global Solutions (NASDAQ:CLMB) has announced its upcoming conference call to discuss financial results for the fourth quarter and full year 2024. The call is scheduled for Thursday, March 6, 2025, at 8:30 a.m. Eastern time.
The company will release its financial results via press release before the conference call. Management will host the call, which will include a question-and-answer session. Investors can submit questions in advance by emailing CLMB@elevate-ir.com.
Participants can join using the toll-free number (800) 225-9448 or international dial-in (203) 518-9708 with Conference ID: CLIMB. The call will also be available via webcast, and a replay will be accessible through the investor relations section of Climb's website at www.climbglobalsolutions.com.
Climb Global Solutions (NASDAQ:CLMB) has announced the appointment of John McCarthy as the new Chairman of its Board of Directors, effective January 28, 2025. McCarthy, who has served as a director since June 2019 and chairs the Compensation Committee, succeeds Jeff Geygan, who will resign effective February 28, 2025.
McCarthy brings over 30 years of executive technology leadership experience, having previously served as President and CEO of Mainline Information Systems and held senior executive positions at EMC, StorageApps, CNT, McData, and Virtual Iron. He currently serves on the Operating Board for Stripes Group and the Board of Trustees for Providence College.
Following Geygan's departure, the Board will be reduced to six members, with five meeting Nasdaq's independence standards.
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.
