Climb Global Solutions has acquired DataSolutions in a deal worth €15.4m to expand its reach in Ireland and the UK.
The deal also steps up Climb’s Product Offerings in Digital Workspace, Networking, Hybrid Multi-Cloud, and Cyber Security
For its fiscal year ended March 31, 2023, DataSolutions reported adjusted EBITDA of approximately €3.2m, which was up double-digits from the prior fiscal year. It has 14 blue-chip vendor partners, including Check Point, Citrix, Neustar, HPE Aruba, IGEL and ColorTokens.
Climb CEO Dale Foster said: “The composition of their line card is highly conducive for cross-sell opportunities, which will enable us to build greater depth with our partners.
“DataSolutions has established a robust recurring revenue base, with more than 90% of its fiscal 2023 revenue coming from existing reseller partners. We expect this acquisition to be immediately accretive to earnings, while enhancing our gross profit and adjusted EBITDA margins, thus advancing our profitability objectives while fortifying our foundation for long-term growth.”
Pictured: DataSolutions Managing Director Michael O’Hara