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Nimsoft Press ReleaseNimsoft Reports Q3 2006 Results, Continues Dramatic GrowthNimBUS Continues to Raise the Bar for Easy-to-Implement Service Level Management Solutions; Managed Service Providers see Clear Competitive Advantage in the NimBUS Product Suite San Mateo, California - November 2, 2006 - Nimsoft Inc., the industry’s leading provider of Service Level Management (SLM) solutions, today announced results for its third fiscal quarter of 2006 ended September 30. The company announced the addition of 22 new customers, as well as significant expanded license revenues with many existing customer accounts. Of particular strength in Q3 was Nimsoft’s growth in its Managed Service Provider subscription-based business, which grew 124% from Q3 2005. New customers included companies from diverse industries including London & Quadrant, SCS Technology, 1Key, Syan, Bay Area Internet Services, Snelling Staffing, LLC and BAE Systems. During the quarter, Nimsoft also signed a strategic relationship with one of the world’s leading technology vendors that will be promoting the use of the NimBUS product as part of its managed service offering to its 50,000 customers worldwide. "We are pleased with our quarterly results and with the continuing growth momentum in our business," said Gary Read, Nimsoft President & CEO. "In addition to building a strong pipeline of future business in the quarter, Nimsoft also made significant progress in rounding out its management team with the appointments of a new CFO and Vice President of North American Sales. Customers continue to tell us that our solutions establish the standard for Service Level Monitoring solutions that are easy to implement, use and maintain."
About Nimsoft Nimsoft is the premier provider of business-focused service level management solutions that customers can easily deploy and use. The company’s Service Level Management solutions – NimBUS – are used by hundreds of companies across diverse industries to manage complex networked systems and meet service level agreement targets. Nimsoft solutions combine advanced SLM functionality and broad platform coverage with unprecedented ease of implementation, deployment and use. NimBUS, 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. © 2006 Nimsoft Inc. all rights reserved.
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"Our primary IT goal and challenge is to provide high service quality at all times, including times when resource demands are adversely impacted."
"NimBUS provides us with quick and actionable data, from a single management dashboard, which allows us to make strategic decisions within minutes and not hours. Best of all, NimBUS automatically delivers service performance reports so that our IT analysts can focus on business-expanding tasks. This provides us with a higher return on our investment." Bill Beal, Vice President Information Systems, Liberty Savings Bank
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