Climb Channel Solutions Launches Worldwide Partnership with Panzura
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Insights
The strategic partnership between Climb Channel Solutions and Panzura represents a significant business development within the cloud data management sector. With the increasing shift towards cloud computing and the necessity for robust data management solutions, this alliance is positioned to capitalize on growing market demands. The collaboration is expected to enhance Climb's distribution network, potentially increasing their market share and revenue streams by integrating Panzura's technology into their offerings.
For stakeholders of Climb Global Solutions, Inc., the partnership could signal an upward trajectory in business performance, considering Panzura's specialization in hybrid multi-cloud environments and end-to-end data management - areas that are critical in today's digital landscape. The emphasis on a channel-first approach may result in an expanded customer base and improved sales efficiency, which are key metrics for investor consideration.
Panzura's focus on unstructured data mobility, access, security and control addresses a crucial aspect of modern data management - cybersecurity. The mention of added layers of ransomware resilience is particularly noteworthy, as it aligns with the heightened need for security in the context of increasing cyber threats. This aspect of the partnership could provide Climb's resellers with a competitive edge, as clients are becoming more aware and concerned about the risks of data breaches and ransomware attacks.
The enhanced security features inherent in Panzura's platform may offer reassurance to clients seeking to move workloads to the cloud, potentially leading to a rise in adoption rates of Climb's solutions. This could have a positive impact on Climb's financial health and attractiveness to investors looking for companies with strong cybersecurity propositions.
From a financial perspective, the worldwide contract with Panzura could be a growth catalyst for Climb Channel Solutions. The ability to onboard 99% of Panzura's current DVARs (Direct Value-Added Resellers) suggests a significant expansion of Climb's reseller network and, by extension, its market reach. The fiscal outcomes of such a partnership will hinge on the effective integration of Panzura's platform and the subsequent uptake by Climb's resellers and their customers.
Investors should monitor the short-term costs associated with the integration of Panzura's platform into Climb's business model, as well as the long-term return on investment through increased sales and potential market penetration. The partnership's success in driving infrastructure modernization and cloud adoption could be reflected in future financial statements, with implications for Climb's stock performance on NASDAQ.
EATONTOWN, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) is excited to announce their partnership with Panzura, an award-winning, hybrid, multi-cloud, end-to-end data management platform, with the signing of a worldwide contract.
Through this partnership, Panzura will utilize Climb Channel Solutions’ network of partners to build relationships and accelerate the company’s growth as a channel-first organization. Climb will be working with and onboarding
“At Panzura, our focus has always been on solving complex data challenges while being incredibly easy to do business with,” said Dan Waldschmidt, CEO, Panzura. “Partnering with Climb Channel Solutions will enable us to bring radical productivity to new organizations by delivering seamless end-to-end data management and protection to their most valuable asset: data.”
The Panzura Platform simplifies data management and data center consolidation, improving secure access, empowering collaboration, and letting you drive better fiscal outcomes faster than ever. Climb’s resellers and their customers will benefit from Panzura's proven technology, fast path to infrastructure modernization, and its added layers of ransomware resilience as they move more workloads to the cloud.
“We are proud to partner with Panzura as their first and sole distributor as they expand their presence in the channel,” said Dale Foster, CEO of Climb Channel Solutions. “Panzura’s existing resellers will quickly see the benefit of working with Climb and becoming a part of our partner ecosystem. Adding Panzura’s platform enables our resellers to provide their customers with an innovative cloud-native data protection and management platform.”
Those interested in distribution services and solutions should contact Climb by phone at +1.800.847.7078 (US), or +1.888.523.7777 (Canada), or by email at sales@ClimbCS.com.
About Climb Channel Solutions and Climb Global Solutions
Climb Channel Solutions is a global specialty IT distributor for emerging technology vendors with solutions for Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud and Software & ALM. Climb provides vendors access to thousands of VARs, MSPs, CSPs and other resellers. Climb holds an IT-70 GSA contract vehicle that provides resellers and vendors with a competitive edge within the Public Sector. Climb is a wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB). Read more at www.ClimbCS.com, call 1- 800-847-7078, and follow us on LinkedIn.
For Media & PR inquiries contact:
Climb Channel Solutions
Media Relations
media@ClimbCS.com
Investor Relations Contact:
Elevate IR
Sean Mansouri, CFA
T: 720-330-2829
CLMB@elevate-ir.com
About Panzura
Panzura, a leading innovator in global file systems and hybrid cloud data management, helps distributed organizations increase productivity by optimizing digital asset visibility, access, sharing, and storage cost. Its award-winning Panzura CloudFS platform enables IT infrastructure, operations, and security leaders to meet ever-changing demands including for ransomware resilience. With Panzura, the exponential growth of unstructured data reveals clear opportunities for diverse industries—Architecture, Engineering, and Construction; Healthcare Imaging; Legal; Manufacturing; Media & Entertainment; and others. Learn how Panzura solves your most critical data challenges at www.panzura.com.
For Media & PR inquires contact:
Panzura
Lindsey Torres
Lindsey.Torres@Panzura.com
FAQ
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