Business
Climb Global Solutions, Inc. Acquires interworks.cloud, Strengthening Cloud and Software Distribution Capabilities Across Europe
Acquisition Expands Climb’s Reach in Greece, Malta, Bulgaria and Cyprus and Advances Pan-European Microsoft Distribution Strategy Transaction Expected to be Accretive to Earnings and Adjusted EBITDA EATONTOWN, N.J., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, has completed the acquisition of interworks.cloud (“In
About this update from Blackwall Limited
[{"type":"image","alt":"Climb Global Solutions, Inc.","displaySize":"","headline":null,"caption":"Climb Global Solutions, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":98,"url":"https://media.zenfs.com/en/globenewswire.com/b76fcd239de46ddbf4ebc92ce3323f81"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CKIZ3YHAQAOlXD0wNyBaXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b76fcd239de46ddbf4ebc92ce3323f81","width":300,"height":98}},"lazy":false},{"type":"text","content":"Acquisition Expands Climb’s Reach in Greece, Malta, Bulgaria and Cyprus and Advances Pan-European Microsoft Distribution Strategy","length":129,"tagName":"p"},{"type":"text","content":"Transaction Expected to be Accretive to Earnings and Adjusted EBITDA","length":68,"tagName":"p"},{"type":"text","content":"EATONTOWN, N.J., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, has completed the acquisition of interworks.cloud (“Interworks”), a leading value-added cloud distributor in Southeastern Europe, for an aggregate purchase price of approximately €8.0 million ($9.4 million1).","length":455,"tagName":"p"},{"type":"text","content":"Interworks is a Greece-based cloud distributor serving reseller markets across Southeastern Europe, including Greece, Malta, Cyprus, Bulgaria, and other regional markets. Interworks brings its established regional presence to Climb with over 600 cloud reseller and managed service provider (“MSP”) relationships, and carefully selected vendor partners including Acronis, Google, AnyDesk, NinjaOne, Nord Security, ThreatDown, Blackwall, and most notably, Microsoft, among others. For its fiscal year ended December 31, 2025, Interworks reported adjusted EBITDA of approximately €901,0002 ($1.0 million3), which was up 86% from approximately €485,0002 ($548,0003) the prior fiscal year.","length":684,"tagName":"p"},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":"“The acquisition of Interworks builds upon our strategy to expand our cloud and software distribution capabilities across Europe while strengthening our Pan-European Microsoft partnership,”...