Replies to post #77164 on Savvy Trades and Investments

[2morrowsGains]

WSTG...Who is Climb Channel Solutions and its Benefits?...

[2morrowsGains]

WSTG...News out this morning RE: Climb Channel Solutions/Datadobi...

Datadobi Launches Pre-Migration Assessment Service
Enables Datadobi Strategic Partners to Deliver the Most Highly Predictable and Cost-Effective NAS and Object Data Migrations, with the Fastest ROI Possible

September 29, 2020 08:00 AM Eastern Daylight Time
LEUVEN, Belgium--(BUSINESS WIRE)--Datadobi®, the global leader in unstructured data management software, today announced the launch of its Pre-Migration Assessment Service to enable Datadobi’s strategic partners to deliver the most highly predictable and cost-effective NAS and object data migrations, with the fastest ROI possible.

Leveraging the purpose-built capabilities of DobiMigrate®, the enterprise-class data migration software, the new Datadobi Pre-Migration Assessment Service starts by scanning and analyzing the source system and data. This results in a detailed intelligence report that includes but is not limited to an exhaustive inventory of file size, name and path, owner, type, time of creation, last opened, change in attributes, and last modified. The end report is presented to the customer by the Datadobi partner.

The information and insight provided in the report enables the customer to make informed data management decisions, including what data to migrate, when, and to where. Once such decisions are made, the report further enables Datadobi’s strategic partners to create an accurate and dependable Data Migration Project Scope of Work.

“IT initiatives that can lend immense strategic value to the business and dramatically lower costs are oftentimes unable to move forward because the first step involves a data migration. And, most IT professionals know that data migrations are typically easier said than done -- starting with simply identifying what data can and should be moved,” said Michael Jack, Vice President of Global Sales and Co-Founder, Datadobi. “Datadobi’s new Pre-Migration Assessment Service enables customers to overcome the complexities that accompany virtually any kind of data that has been stored over time and replaces it with visibility and insight.”

“Today’s enterprise organizations have an enormous number of business, IT, legal, and compliance, as well as budgetary requirements driving their data management decisions. Yet, many of our partners find their customers stalled and unable to move forward with critical IT investments,” said Dale Foster, CEO of Climb Channel Solutions, Inc. “The new Datadobi Pre-Migration Assessment Service is a powerful tool for making what has been complicated, truly simple -- freeing our partners and their customers to take the next step.”

For further information, please watch:

or read: datadobi.com/wp-content/uploads/nas-pre-migration-assessment-service-brief.pdf

About Datadobi:

Datadobi, the global leader in unstructured data management software, enables enterprises to realize the value of their expanding universe of data. Datadobi helps customers to migrate and protect data while discovering insights and putting them to work for their business. Founded in 2010, Datadobi is a privately held company headquartered in Leuven, Belgium, with subsidiaries in New York, Melbourne, Dusseldorf, and London.
https://www.businesswire.com/news/home/20200929005213/en/Datadobi-Launches-Pre-Migration-Assessment-Service

[2morrowsGains]

WSTG...Wayside Technology Acquires CDF Group for $17.4 Million

November 09 2020 - 08:30AM
GlobeNewswire Inc.

Wayside Technology Group, Inc. (NASDAQ: WSTG) (“Wayside” or the “Company”), an IT channel company providing innovative sales and distribution solutions through its Climb division, has acquired CDF Group (CDF), a UK-based cloud, software and IT distributor and services provider. CDF primarily goes to market under two brands: Grey Matter, which is a value-added reseller (VAR) providing cloud, software and technical services; and Sigma Software Distribution, which provides innovative software products to VARs throughout EMEA.
Sigma works closely with its vendors and VARs, distributing a high-caliber portfolio of software solutions across a variety of industries. Both Sigma and Grey Matter have deep expertise in Microsoft Azure, are Microsoft Gold Partners with 9 competencies and hold various direct agreements with Microsoft.

Grey Matter specializes in supplying software and cloud subscriptions directly to end users, including ISVs and developers, and maintains direct buying relationships with more than 300 vendors. The company hosts a cloud automation platform and offers cloud service optimization, end-to-end migration services and a full suite of consulting services through its CloudKnowHow offering.

“CDF brings a robust cloud services platform to Climb and significantly strengthens our position in the EMEA market,” said Dale Foster, CEO of Wayside. “By utilizing CDF’s existing cloud solutions infrastructure, we believe that our cloud offerings are better positioned to meet the growing needs of our vendor and VAR partners in both EMEA and North America. Further, with the added support of CDF’s professional services division CloudKnowHow, we can make cloud integration seamless for our clients and further build out our team’s technical expertise. This presents a long-term strategic opportunity for us to expand into more value-added services that can deepen our partnership with customers.”

Under the terms of the agreement, Wayside is acquiring CDF for approximately $17.4 million (£13.3 million), subject to working capital and other adjustments. For its fiscal year ended June 30, 2020, CDF reported approximately $8.9 million (£6.9 million) in gross profit and $2.0 million (£1.6 million) in EBITDA. The acquisition is expected to be accretive to EBITDA margin and net income and increase Wayside’s annual gross billings by approximately 10%, prior to any revenue synergies.

Foster continued: “Integrating these new cloud and services solutions will provide ample cross-sell opportunities for our existing U.S. and Canadian customer base. CDF has established a robust and high-touch suite of services through its brands, and we look forward to further developing these offerings as we position Climb as a premier specialty technology distributor and service provider.”

CDF will bring approximately 125 employees to Wayside, more than 1,000 VARs from its network, and deep relationships with notable vendors, including Microsoft, Amazon Web Services, Adobe ManageEngine, SAP and many others. In addition, CDF’s current Group CEO, Andrew King, will join Wayside and lead its European operations as President and General Manager of EMEA.

King commented on the acquisition: “Wayside’s extensive vendor network and commitment to developing emerging technology brands made them an ideal partner for CDF given our limited overlap in geographies as well as vendor and VAR relationships. In addition, CDF’s software and cloud platform expertise will enable us to provide Wayside’s customers with end-to-end cloud solutions and support, from cloud adoption to migration to optimization. We look forward to integrating with Wayside and building an even stronger cloud marketplace and vendor network as a combined company.”

Further information regarding the acquisition of CDF is available on Form 8-K filed with the Securities and Exchange Commission on November 9, 2020.
https://finance.yahoo.com/news/wayside-technology-acquires-cdf-group-133000391.html