Nimsoft Press Release

Nimsoft Financial Results Climb To New Record Highs

Sales Driven by Customers Who Want Alternatives to Expensive, Complex Frameworks

Redwood City, Calif. – May 8, 2007 - Nimsoft Inc., an emerging leader in service level management (SLM) solutions, today announced another quarter of solid financial results reconfirming the continued need of business-focused service level management solutions that customers can easily afford, deploy and use effectively. In Q1 2007, new sales orders for Nimsoft increased 83 percent year over year. Recurring revenue from Nimsoft’s customer base grew 91 percent, with much of this growth attributed to existing customers and managed service providers. More than 30 new brand-name customers were added this quarter. New customers for the company included consumer cosmetics Shiseido International Corporation and managed service providers NetExpert and Insign IT.

"Real-time management of your IT infrastructure should not be relegated to Fortune 500 companies with large staff and budgets," said Gary Read, president and CEO, Nimsoft. "We believe that Nimsoft's consistent, double-digit growth underscores the market-wide dissatisfaction with expensive solutions that fail to deliver on their promised value. We've designed NimBUS to empower nearly any business with the ability to increase the efficiency of the delivery of their business services."

In Q1 2007, JMI Equity and Northzone Ventures provided $10.3 million in the company's first round of venture capital funding to help the already profitable company scale to the demands of a high growth marketplace. The company also reached its 100th employee milestone and opened a sales and support office in New York City.

The first quarter also brought significant product developments:

• Nimsoft announced a cooperative development agreement with Oracle to integrate NimBUS with Oracle® Enterprise Manager 10g.  The two companies are working together to develop and jointly market the NimBUS SAP R/3 Plug In, which will provide Oracle customers the ability to monitor and manage SAP R/3.
• Multi-Tenant NimBUS enables IT staff members to generate on-demand customer or business specific information from the NimBUS Enterprise Console.
•  "No Touch NimBUS" delivers on the next stage of the Nimsoft vision of having a completely zero administration SLM solution. NimBUS automatically discovers IT infrastructure components, deploys pre-configured monitoring and automatically populates a series of real-time dashboard views and historical reports.

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
Stephanie Xavier
Nimsoft, Inc.
Phone: +1 650 931 1133

EMEA
Ajay Nawathe
Nimsoft Ltd.
Phone: +44 1932 577 770

Scandinavia
Dag Lund
Nimsoft AS
Phone: +47 2262 7149