ADDED
false --12-31 FY 2025 true The Board of Directors oversees the Company s cybersecurity risk exposures, with primary oversight responsibility delegated to the Audit Committee.
In accordance with its charter, the Audit Committee periodically reviews and discusses with management the Company's cybersecurity and data privacy risks, the policies and procedures implemented to monitor and mitigate those risks, the adequacy of information technology and cybersecurity controls, and reports regarding cybersecurity incidents, assessments and remediation efforts, as appropriate.
The Chief Information Officer oversees the IT team and is responsible for developing and implementing our information security program and reporting on cybersecurity matters to the Audit Committee.
The Board of Directors oversees the Company s cybersecurity risk exposures, with primary oversight responsibility delegated to the Audit Committee.
In accordance with its charter, the Audit Committee periodically reviews and discusses with management the Company's cybersecurity and data privacy risks, the policies and procedures implemented to monitor and mitigate those risks, the adequacy of information technology and cybersecurity controls, and reports regarding cybersecurity incidents, assessments and remediation efforts, as appropriate.
The Chief Information Officer oversees the IT team and is responsible for developing and implementing our information security program and reporting on cybersecurity matters to the Audit Committee.
The Board of Directors oversees the Company s cybersecurity risk exposures, with primary oversight responsibility delegated to the Audit Committee.
In accordance with its charter, the Audit Committee periodically reviews and discusses with management the Company's cybersecurity and data privacy risks, the policies and procedures implemented to monitor and mitigate those risks, the adequacy of information technology and cybersecurity controls, and reports regarding cybersecurity incidents, assessments and remediation efforts, as appropriate.
The Chief Information Officer oversees the IT team and is responsible for developing and implementing our information security program and reporting on cybersecurity matters to the Audit Committee.
The Board of Directors oversees the Company s cybersecurity risk exposures, with primary oversight responsibility delegated to the Audit Committee.
REMOVED
These risks and uncertainties include, but are not limited to, the continued acceptance of the Company s distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, inflation, competitive pricing pressures, the successful integration of acquisitions, contribution of key vendor relationships and support programs, including vendor rebates and discounts, interest rate risk and impact thereof, as well as factors that affect the software industry in general and other factors generally.
We continually review the marketplace to identify new and emerging vendors and products to potentially add to our vendor partners.
Solutions Segment We also provide comprehensive IT solutions directly to end users through our Solutions segment, which accounted for approximately 5 % of our consolidated net sales and 14% of our consolidated gross profit during the year ended December 31, 2024.
Through our Distribution segme nt, we sell a wide variety of technology products from a broad range of software vendors and manufacturers, such as Bluebeam Software, Microsoft, Delinea, Micro Focus, SmartBear Software, SolarWinds, Sophos, TechSmith, Trend Micro, Unitrends, Tintri and Extrahop .
For the year ended December 31, 2024, we had one vendor that accounted for 10% of our consolidated purchases and our largest five vendors generated approxim ately 29 % of our consolidated purchases.
For the year ended December 31, 2023, this same vendor accounted for 14% o f our consolidated purchases.
Sales of hardware and peripherals consistently represente d 6% of o ur gross billings in 2024 and 2023.
For the year ended December 31, 2024, the Company had three c ustomers, all of which are considered DMRs, that accounted for 18%, 14% and 11%, respectively, of consolidated net sales and as of December 31, 2024, 12%, 6% and 19%, respectively, of total net accounts receivable.
Net sales in Europe and the United Kingdom represented 21 % and 19% of our consolidated net sales in 2024 and 2023, respectively.
As of December 31, 2024, the Company had 394 total employees, including 367 full-time employees.