Climb Global - CLMB STOCK NEWS

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.

Climb Global Solutions, Inc. (NASDAQ:CLMB) has acquired Douglas Stewart Software & Services, (DSS) for $20.3 million, with a potential post-closing earn-out. This acquisition strengthens Climb's presence in North America and enhances its offerings in the education sector. DSS, a Wisconsin-based specialty distributor, focuses on SaaS solutions for education customers and reported an adjusted EBITDA of $5.3 million for the trailing twelve months ending June 30, 2024, up 10% year-over-year.

The acquisition brings 20 new vendor partners to Climb, including Adobe, Go Guardian, and Incident IQ. DSS serves over 500 value-added resellers and 250 campus stores across North America in both K-12 and higher education markets. The integration is expected to unlock synergies, cross-selling opportunities, and advance shared cloud marketplace initiatives.

Climb Global Solutions (NASDAQ:CLMB) reported strong Q2 2024 results with net sales up 13% to $92.1 million and net income more than doubling to $3.4 million. The company also announced the acquisition of Douglas Stewart Software & Services (DSS) for $20.3 million, establishing Climb as a leader in the North America education sector. Key highlights include:

- Adjusted gross billings increased 31% to $359.8 million
- Adjusted EBITDA up 48% to $6.9 million
- Quarterly dividend of $0.17 per share declared
- DSS acquisition expected to be accretive to earnings and Adjusted EBITDA

CEO Dale Foster attributed the growth to deepening vendor relationships, adding new technologies, and successful acquisitions. The DSS acquisition adds 20 new vendor partners and expands Climb's presence in the EdTech channel.

Climb Global Solutions (NASDAQ:CLMB), a value-added global IT channel company, has announced its second quarter 2024 earnings conference call scheduled for August 7, 2024, at 8:30 a.m. ET. The company will discuss financial results for the quarter ended June 30, 2024, with a press release to be issued prior to the call. Management will host the call, followed by a Q&A session. Investors can submit questions in advance via email. The call will be accessible via toll-free and international dial-in numbers, with a webcast available on the company's investor relations website. A replay will also be provided for those unable to attend live.

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.