DEVON, UK – March 11, 2025 – Climb Global Solutions, a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announces record breaking financial results for 2024.  

Compared to FY 2023, in 2024 Climb: 

  • Increased net sales by 32% to $465.6 million. 
  • Increased net income by 51% to $18.6 million. 
  • Increased adjusted net income by 64% to $24.0 million. 
  • Increased adjusted EBITDA by 61% to $39.6 million. 
  • Increased gross billings by 42% to $1.8 billion – distribution segment gross billings increased 44% to $1.7 billion, and Solutions segment gross billings increased 7% to $89.8 million. 

EMEA growth 

2024 saw Climb Channel Solutions, Climb’s distribution arm in Europe, expand its operations to the DACH region with the opening of an office in Munich in October 2024. Climb entered the DACH region’s IT channel with a new value-add concept – the ‘Climb AI Academy’. The Climb AI Academy offers IT partners a framework with custom AI training and helps them to gain a foothold in the booming AI market and position themselves for growth. The concept has proved so successful that the AI Academy will be launched in the UK and Ireland later this year.  

EMEA growth has also been enabled by existing technologies in Climb’s vendor portfolio, including VAST, ManageEngine, SolarWinds, Quest Software. In addition, Climb Channel Solutions has signed additional partnership deals with Tier 1 vendors including: ControlUp, HCL Software, AlgoSec, Arcserve, Flexera, Libraesva, Censys and Coro.  

To ensure channel partners have the information they need about Climb’s vendor portfolio, as well as market knowledge and insights about 2025 challenges and opportunities, Climb will be rolling out several new initiatives and events throughout the year. This includes the Climb Partner Summit this May in London, which brings Climb vendors, resellers and channel leaders together for panel discussions and networking opportunities. Climb will also be hosting a series of virtual ‘Vendor Den’ events to help introduce and launch emerging technology vendors in the UK market. 

At the end of Q4 2024, Climb announced over 12 internal promotions, highlighting the company’s commitment to recognising and advancing talent from within. Among these were two significant senior promotions: Kim Stevens has been appointed as Chief Marketing Officer (CMO), and Matt Sullivan as Chief Financial Officer (CFO). Both Kim and Matt are seasoned professionals with extensive experience in the channel, bringing a wealth of knowledge and leadership to their new roles. 

#TheClimbWay 

In 2025, Climb’s guiding principles focus around #TheClimbWay – a commitment to data-driven distribution, prioritising speed to market, and putting people and partners first. Climb will continue to partner with emerging technologies that enable resellers to grow and stay ahead of the curve around AI, cloud, cybersecurity and more. 

Gerard Brophy, CRO, Climb said: “It was an exceptional 2024 for Climb, where we broke records across all key financial metrics. This demonstrates just how hard our entire team in the US and here in EMEA have worked to deliver this level of success. Looking now at 2025, our focus is on supporting our vendors and partners, and continuing to offer the level of experience, knowledge and unparalleled service they have come to expect from Climb.” 

“At Climb we understand the immense potential of AI and are excited to be expanding our AI Academy offering to the UK market. Our goal is to provide IT partners with a comprehensive framework, combining AI training and access to innovative technologies from our vendor portfolio. This will not only empower our partners to specialise, position and differentiate themselves in the AI space but will also help them to seize valuable opportunities in a rapidly growing market. Looking ahead, we remain committed to bringing the latest emerging technologies to the EMEA market throughout 2025,” added Brophy. 

For more information about Climb Channel Solutions, visit https://www.climbcs.com/uk/.  

ENDS 

About Climb Channel Solutions 

Climb Channel Solutions is a global specialty technology distributor focusing on Security, Data Management, Connectivity, Storage & HCI, Virtualisation & Cloud, Artificial Intelligence and Software Application & Lifecycle.  What sets Climb apart is our commitment to transform distribution by providing emerging and established IT technologies, flexible financing, real-time quoting, best of breed channel operations, speed to market, and exceptional service to our partners worldwide. Climb Channel Solutions is a wholly owned subsidiary of Climb Global Solutions (NASDAQ: CLMB). Experience the Climb difference and learn how our people-first approach empowers VARs and MSPs to grow, scale, and accelerate their business.   

Visit www.climbcs.com/uk and connect with us on LinkedIn