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Nimsoft Press ReleaseNimsoft New Orders SkyrocketCompany Surpasses $15 Million in Annual Revenues; License Sales for Nimsoft’s Proactive Service Level Monitoring Solution Climbed 110 Percent in Q4 2006 Redwood City, California – February 6, 2007 –Nimsoft Inc., an emerging leader in service level management (SLM) solutions, today announced that the company experienced dramatic sales growth of 110 percent in Q4 2006 when compared to Q4 2005. Total license orders for the financial year 2006 exceeded $15 million and, overall, the company added more than 120 new customers for the year. The addition of existing maintenance renewals contributed to a year-end revenue backlog of more than $7 million, an increase of 130 percent year over year. In 2006, the company began building out its infrastructure to prepare for high growth. The company hired sales executives to manage EMEA and the Americas in addition to a chief financial officer to supervise the financial aspects of a controlled expansion. On an operations level, the company expanded its worldwide headcount by 50 percent, moved to larger headquarters in the United States and expanded its offices in the United Kingdom and Norway. It also commenced successful operations in Germany through the establishment of the Nimsoft GmbH wholly owned subsidiary. Last month, the financial community underscored its confidence in Nimsoft's business model when JMI Equity and Northzone Ventures provided $10.3 million in its first round of venture capital funding. "Our impressive growth is directly in line with the needs of customers who are faced with conflicting pressures to lower costs while managing IT environments that are increasingly more complex," said Gary Read, president and CEO, Nimsoft. "Our solution is appealing both to enterprise customers from all industries and to managed service providers many of whom are building businesses based upon our product. Our strength lies in offering a comprehensive, easily usable and quickly installable, end-to-end solution that brings service level monitoring within reach." 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. Service Level Management…within reach. 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. © 2007 Nimsoft Inc. All rights reserved.
For more information: United States EMEA Scandinavia
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"While building the world class NOC at IBBS, we were determined to find a network monitoring solution that addressed of all our needs, and most importantly, it was easy to install and was priced competitively."
"The Nimsoft solution was quite simply a perfect match. It is rich in functionality, easy to get installed and competitively priced. Already, our service level reports have yielded tremendous success and customer satisfaction." Cedric Brown, Network Operations Director, IBBS
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