Climb Global Solutions' Climb Channel Solutions Disclosed The Expansion Of Their GSA IT-70 Contract With The Addition Of GFI Software
Portfolio Pulse from Benzinga Newsdesk
Climb Global Solutions' subsidiary, Climb Channel Solutions, announced the expansion of their GSA IT-70 contract to include GFI Software products. This expansion allows Climb Channel Solutions to offer GFI's security and communications software to government agencies, potentially increasing the subsidiary's revenue and market presence in the government sector.
December 07, 2023 | 12:23 pm
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Climb Global Solutions may see a positive impact on its revenue and market presence in the government sector due to the expansion of Climb Channel Solutions' GSA IT-70 contract to include GFI Software products.
The expansion of the GSA IT-70 contract to include GFI Software products is likely to be seen as a positive development for Climb Global Solutions. It opens up new revenue streams from government agencies, which are typically stable and long-term customers. The news could be perceived positively by investors, potentially leading to a short-term increase in CLMB's stock price.
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