AcquisitionsClimb acquired Douglas Stewart Software & Services (DSS), a specialist IT distributor focused on education software-as-a-service (SaaS) solutions in the North America market, which expands the company’s product portfolio and scale.
Financial PerformanceClimb reported non-GAAP EPS of $1.55, surpassing the forecast of $0.85, due to adjusted EBITDA overage and a lower-than-expected tax rate.
Growth StrategyThe company’s distribution business is focused on the sales/service of a portfolio of emerging technology software products, which should collectively generate rapid growth.