Climb Global Solutions has announced an agreement to acquire NeoVAD, extending its reach in France. The purchase price was not disclosed in the sources.
NeoVAD brings approximately 300 active resellers and vendor relationships including Cato Networks, DataCore and Netwrix, among others.
Climb CEO Dale Foster said NeoVAD is a strong fit with the company's strategy to continue expanding its scale and capabilities across Europe. He said the acquisition adds meaningful reach in France while strengthening several important vendor relationships and creating opportunities to bring more of Climb's portfolio to NeoVAD's reseller network. He added that NeoVAD's established position in France can help Climb build greater depth with vendors including Cato Networks, DataCore and Netwrix across its broader platform.
Foster also said Climb sees an opportunity to expand its Microsoft distribution business by pairing its existing EMEA capabilities with NeoVAD's local training and technical support expertise. He said Climb expects the acquisition to be accretive to earnings and adjusted EBITDA, and that NeoVAD's stronger margin profile further supports Climb's profitability objectives and expands its European platform.
NeoVAD Founder and CEO J茅r么me Boulon said that for more than a decade the company has been built around a focused portfolio of cybersecurity, cloud and virtualization solutions and a high-touch model designed to help resellers bring those technologies to market. He said Climb shares NeoVAD's focus on specialized, value-added distribution and brings broader scale and capabilities that can help it build on what it has established in France. He said NeoVAD sees significant opportunity to expand the solutions it brings to its reseller partners while creating additional opportunities for its vendors across Climb's European platform.