Climb Channel Solutions expands cybersecurity offerings

EATONTOWN, N.J. - Climb Channel Solutions, a subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB), a $480 million market cap company with impressive 32% revenue growth in the last twelve months, has announced a strategic partnership with global cybersecurity leader Thales. According to InvestingPro analysis, CLMB maintains a strong financial health score of "GREAT," positioning it well for strategic expansions. This collaboration is set to enhance Climb's security solutions portfolio, introducing the complete Thales Cyber Security Product suite to its network of resellers.

The Thales product suite, which includes Application Security, Data Protection, and Identity and Access Management, aims to provide a comprehensive security solution. Climb's partnership with Thales coincides with the recent initiation of the Thales and Imperva Global Partner Program, known as the Accelerate Partner Network. This program is designed to boost the cybersecurity business growth of Climb's partners.

Sammy Kinlaw, VP of Americas Channel Sales at Thales, expressed enthusiasm about the partnership, noting that the inclusion of Thales's full product suite in Climb's offerings would create a one-stop-shop for cybersecurity needs. Dale Foster, CEO at Climb, also commented on the partnership, stating that it would empower resellers to offer robust protection for critical applications, APIs, and data.

The Accelerate Partner Network is set to simplify interactions and business dealings with Thales and Imperva by synchronizing benefits, discounts, and support, thereby facilitating the sales process for partners. Climb's decision to include both Thales and Imperva solutions is expected to establish a more holistic approach to cybersecurity and streamline the onboarding and selling processes for resellers.

Climb Channel Solutions specializes in distributing specialty technology with a focus on various IT areas, including Security, Data Management, and Cloud solutions. The company prides itself on transforming distribution through its commitment to emerging and established technologies, flexible financing, and exceptional service to partners worldwide. InvestingPro data reveals the company's strong financial foundation, with minimal debt-to-equity ratio of 0.03 and a 23-year track record of consistent dividend payments. For deeper insights into CLMB's financial metrics and growth potential, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The partnership with Thales is a strategic move for Climb, as it seeks to enhance its market position by offering a broader range of cybersecurity products and services. Trading at a P/E ratio of 28.9, CLMB shows potential for growth in the cybersecurity sector. Discover more valuable insights and 8 additional ProTips about CLMB's market position and growth prospects through InvestingPro's detailed analysis and expert research reports. The information regarding this new alliance is based on a press release statement.

In other recent news, Climb Global Solutions reported impressive financial results for the fourth quarter of 2024, exceeding market expectations. The company achieved an earnings per share of $2.26, significantly surpassing the projected $0.96, and reported revenue of $161.76 million, which was well above the anticipated $126.95 million. This performance reflects strong growth in gross billings and net sales, aided by strategic vendor partnerships and leadership changes. Additionally, Climb Global Solutions announced its 2025 Annual Meeting of Stockholders, scheduled for June 3, 2025, providing advance notice to shareholders and the investment community.

The company's recent earnings call highlighted a 51% year-over-year increase in revenue and a 33% rise in net income, underscoring effective sales strategies and cost management. Climb Global Solutions also declared a quarterly dividend of $0.17 per share, maintaining a positive outlook for future growth and partnerships. Analyst feedback from firms like Barrington Research indicated confidence in the company's strategic direction, with expectations for continued expansion in 2025. Furthermore, the company's leadership emphasized ongoing efforts to pursue mergers and acquisitions, aiming to enhance services and expand its geographic footprint.

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