Nimsoft Enjoys Continued Growth and Positive Cash Flow

Monthly Recurring Revenue up 40% over Prior Year as Customers Continue to Recognize the Unique Value from the Nimsoft Platform

Redwood City, Calif. – July 27, 2009 – Nimsoft, the alternative to Big 4 IT performance and availability monitoring solutions, today announced another quarter of growth, profitability, and positive cash flow. For the quarter ending June 30, 2009, Nimsoft saw monthly recurring revenue grow by 40% from the prior year, and its order backlog was up nearly 60% demonstrating ongoing demand for its solutions remains strong.

The quarter represented the second largest in terms of sales, which increased by more than 50% over the prior quarter. At the same time, careful fiscal management enabled Nimsoft to deliver solid profitability both for the quarter and for the year to date, and to realize another quarter of positive cash flow.

Bolstered by continued product innovation and responsive, expert service and support, the company continues to see strong product adoption in mid-to-large enterprises. Nimsoft received a significant order from one of the world’s leading financial organizations, which opted to do a replacement of HP’s monitoring solutions. By deploying Nimsoft, enterprise clients see significant cost savings over legacy solutions—while improving performance of vital business services, streamlining IT administration, and more fully leveraging existing infrastructure investments.

Managed Service Providers (MSPs), hosting providers, and cloud computing providers continue to move to the Nimsoft platform because it enables them to scale their business in a profitable manner. Nimsoft recently announced that the established MSP, Atrion Networking, replaced the Dell Remote Monitoring platform and several point solutions with the Nimsoft solution. Nimsoft is rapidly becoming the de-facto monitoring standard for mid-to-large MSPs due to the unparalleled breadth of coverage; the intuitive, sophisticated visualization enabled by its customer-facing portals; and the immense scalability of the solution.

“In any economic climate organizations are well-served by gaining improved efficiency and cutting costs—but those objectives are especially vital today,” said Gary Read, president and CEO of Nimsoft. “Enterprises and MSPs continue to prove that our products help on both fronts and deliver real bottom-line benefits. As a result, we continue to gain market share and can be considered the only viable alternative to the large, legacy vendors.”

Following are a few additional highlights from the company’s most recent quarter:

  • Product accolades. Nimsoft BSM Express was featured in Forrester’s Who’s Hot in Business Service Management report, which stated, “The combination of Nimsoft BSM Express…and the Nimsoft Monitoring products makes a particularly strong BSM offering.”

  • Virtualization innovation. Nimsoft announced the industry’s most comprehensive support for heterogeneous virtualization platforms, and attained VMware Ready Optimized status.

  • Technological expansion. Nimsoft acquired the intellectual property assets of Cittio to extend its product capabilities in the areas of layer 2/3 network discovery, topology mapping, and root cause analysis.

  • Management team expansion. Nimsoft recently hired Jamie Dudley as VP of Sales for the Americas.  A fifteen year software sales veteran, Dudley has experience at Quest, Peregrine, Oracle, and, most recently, as Worldwide VP of Sales for AlarmPoint, where he quadrupled the business in four years.

 

About Nimsoft
Nimsoft is the fastest growing provider of next-generation performance and availability monitoring solutions for the complete physical, virtual, and cloud-based IT infrastructure. Nimsoft solutions redefine the standards for ease of use and speed of deployment—providing outstanding return on investment and unparalleled customer satisfaction. Over 850 customers in 36 countries rely on Nimsoft solutions to monitor their IT-based business applications and services, including cloud environments. These customers include mid-market and global organizations, such as Barclays Capital, Amway Corporation, Bay Area Rapid Transit, Ladbrokes, MTU Aero Engines, TriNet, and TRW Automotive, and hundreds of leading managed service providers, such as CDW Hosting Services, ENKI, Thomas Duryea, 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.

“Who’s Hot in Business Service Management: An Overview of Vendors Offering BSM Solutions”, Forrester, June 2009

 

For more information:

Jenny Coupe
Nimsoft, Inc
Phone: +1 650 517 1975