Nimsoft Continues Forward Momentum
Increase in Total Bookings and GAAP Revenue are combined with positive cash flow
Redwood City, CA. – April 6, 2009 – Nimsoft, the "Big 4" alternative for performance and availability monitoring, today announced that the company has continued its momentum with a solid performance for the quarter ending March 31, 2009 that saw the company increase revenues and deliver positive cash flow.
Nimsoft's success was driven by strong growth in sales to Managed Service Providers (MSPs) and mid to large corporate enterprises. The company added 19 MSPs in the quarter increasing order backlog by 78 percent over the same period last year. At the same time, Monthly Recurring Revenue (MRR) was up 54 percent year on year.
"This past quarter, Nimsoft continued to see strong demand and interest for its solutions." said Gary Read, president and CEO of Nimsoft. "But, at the same time we have seen many customers delaying their final purchase decisions due to the broader uncertainty about the economy. We are pleased that we were cash flow positive in the quarter as well as gaining market share with 29 new logo customers. Companies are looking for ways of reducing their IT spend and doing more with less. Nimsoft is perfectly positioned to help companies achieve these goals as we have proven hundreds of times."
Other highlights for Nimsoft during the quarter included the following:
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Amway realized ROI in less than 6 months of their Nimsoft investment. They redeployed headcount and increased application availability from 96% to 99.5% in less than 1 month
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GAAP revenue and total bookings both showed increases for the quarter compared to the prior year
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Nimsoft added 29 new customers, including 3T Systems, Info Directions, the Montana Department of Corrections, CommsNet Group, Access Technologies, Foodstuffs SI Ltd, Eos Solutions, Thomas Duryea, Zur Rose AG, HINT AG, a Fortune 100 insurance company, a Fortune 250 manufacturing company and a major US Airline
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Nimsoft has been certified as "VMware Ready Optimized"
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The company also noted a significant increase in the number of Cisco partners that are delivering managed services using Nimsoft's monitoring solution
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Nimsoft launched its customer-hosted webinar series focused on reducing IT costs with participation from Amway, FusionStorm, Trillion, LongView Systems and TD Ameritrade
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The company unveiled it's cloud monitoring solution and is hosting a webinar entitled, "How to Stay on Top of the Managed Services Cloud" on April 8th with ENKI, a top 100 Cloud Player as selected by SYS-CON’s Cloud Computing Journal
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The company relaunched it's corporate website to better meet the needs of customers and partners
About Nimsoft
Nimsoft is the fastest growing provider of next generation performance and availability monitoring solutions for the complete physical and virtualized IT infrastructure. The Nimsoft solutions redefine the standards for ease of use and speed of deployment - providing outstanding return on investment and unparalleled customer satisfaction. Over 780 customers in 36 countries rely on Nimsoft solutions to monitor their IT based business applications and services. These customers include mid-market and global organizations, such as Barclays Capital and Amway Corporation, Bay Area Rapid Transit, Ladbrokes, MTU Aero Engines, TriNet, TRW Automotive, and hundreds of leading managed service providers such as CDW Berbee, Easynet and Rackspace Managed Hosting. For more information, visit www.nimsoft.com.
Nimsoft and the Nimsoft logo are trademarks or registered trademarks of Nimsoft Inc. All other company and product names may be trademarks or registered trademarks of their respective companies.
© 2009 Nimsoft Inc. all rights reserved.
For more information:
United States
Megan Bucks
Nimsoft Inc.
+1 415 601 3632