Climb Channel Solutions acquires Interworks.cloud

Climb Global Solutions, Inc. has acquired interworks.cloud, a cloud distributor based in Greece, for approximately €8 million ($9.4 million USD). This transaction underscores Climb's strategic push to enhance its cloud and software distribution network across Europe. By incorporating interworks.cloud, Climb aims to solidify its presence in key Southeastern European markets and expand its distribution capabilities within the Microsoft Cloud Solutions Provider (CSP) ecosystem.

Interworks.cloud serves reseller markets in Greece, Malta, Cyprus, and Bulgaria, boasting relationships with over 600 cloud resellers and managed service providers. The company partners with notable vendors, including Acronis, Google, and Microsoft. For the fiscal year ending December 31, 2025, Interworks reported an adjusted EBITDA of approximately €901,000, marking an 86% increase from the prior year. This financial growth likely influenced Climb's decision to pursue the acquisition, which is expected to be accretive to Climb's earnings and adjusted EBITDA.

Climb's CEO, Dale Foster, highlighted the acquisition's role in advancing the company’s pan-European Microsoft distribution strategy. Foster noted that the long-standing relationship between Climb and Interworks facilitated a smooth integration, leveraging Interworks' established CSP business and regional expertise. The collaboration is set to enhance cross-sell opportunities and deepen partnerships with existing vendors, strengthening Climb’s competitive positioning in the cloud distribution sector across Southeastern Europe.

The acquisition comes at a time when cloud distribution networks are increasingly critical in a rapidly digitalizing market. By expanding its geographic and strategic reach, Climb seeks to capitalize on synergies within the Microsoft CSP network and respond to evolving compliance and partner requirements. This move positions Climb as a formidable player among cloud distributors, offering scalable and partner-centric solutions across its expanding footprint.

Forward-looking considerations include the continued integration of Interworks' management team and the active participation of its workforce in the broader Climb framework. As the full Interworks team transitions to Climb, maintaining high-quality local support will be crucial to leveraging Climb's global scale. The transaction's progression will be detailed in Climb’s Current Report on Form 8-K, filed with the Securities and Exchange Commission.