Climb Channel Solutions signs distribution deal with Egnyte

EATONTOWN, N.J. - Climb Channel Solutions, a specialty technology distributor and subsidiary of Climb Global Solutions, Inc. (NASDAQ:CLMB), has entered into a distribution agreement with Egnyte, a provider of secure content collaboration solutions. Climb Global Solutions, with a market capitalization of $464 million and impressive revenue growth of 42% in the last twelve months, has maintained strong financial health according to InvestingPro analysis.

The partnership, announced Friday, will allow Climb to distribute Egnyte’s cloud-native platform to partners and customers across the United States.

Through this agreement, Climb aims to provide resellers with Egnyte’s platform for both small and medium-sized businesses and enterprise environments.

"Egnyte is a standout addition to our vendor ecosystem," said Dale Foster, CEO of Climb. "Their channel momentum, combined with a product that addresses real-time collaboration and secure file sharing, makes this a win for our partners."

Bob Gagnon, Senior Vice President of Global Channel Sales at Egnyte, stated, "We are thrilled to announce Egnyte’s partnership with Climb Channel Solutions as we continue to invest deeply in the partner community."

The announcement follows Egnyte’s recent enhancements to its Partner Program and new partner portal, Partner Hub, which aims to support a broader network of solution partners.

According to the press release statement, resellers will have access to Egnyte’s supply chain support, technical assistance, and competitive pricing to enable faster market penetration.

Climb Channel Solutions is a wholly owned subsidiary of Climb Global Solutions, which is publicly traded on the NASDAQ under the ticker CLMB.

In other recent news, Climb Global Solutions reported impressive financial results for the first quarter of 2025, exceeding earnings expectations with an earnings per share (EPS) of $0.81. The company also achieved a substantial 49% increase in revenue, reaching $138 million compared to the previous year. Additionally, Climb Global Solutions announced a new North American distribution partnership with Bugcrowd, aiming to expand its cybersecurity offerings through Bugcrowd’s innovative platform. In other developments, Climb Global Solutions disclosed the departure of its Chief Information Officer, Vito Legrottaglie, and detailed the terms of his separation agreement. The company also held its 2025 Annual Meeting of Stockholders, where five directors were elected, and Deloitte & Touche LLP was confirmed as the independent registered public accounting firm for the fiscal year. Furthermore, Climb Global Solutions continues to focus on strategic partnerships, including a collaboration with cybersecurity firm Darktrace, which is expected to contribute to future growth. These recent developments highlight the company’s ongoing efforts to strengthen its market position and expand its service offerings.

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