Nimsoft Press Releases

Nimsoft Builds On Momentum in Q2 2008

130 Percent Increase in Recurring Revenue and 86 Percent in Overall Bookings Highlight Continued Growth

Redwood City, Calif. – July 23, 2008 – Nimsoft, Inc., the “Big 4” alternative for IT performance and availability monitoring solutions, today announced record financial results for the three months ending June 30, 2008. 

Reflecting the company’s continued expansion into the Managed Service Provider (MSP) market and driven by an increasing amount of subscription business, recurring revenues grew 130 percent year over year while order backlog increased more than 75 percent over the same quarter last year.

At the same time, overall bookings grew more than 85 percent as the company announced a record 41 new enterprise and MSP customers, bringing total customer count to more than 680 in 30 countries.

“Every quarter Nimsoft continues to break new ground in our mission of proving well architected monitoring solutions can be easily implemented and drive dramatic business value,” stated Gary Read, president and CEO of Nimsoft.  “Our relentless focus on customer satisfaction continues to pay dividends as existing customers expand their use of the Nimsoft suite of products and recommend us to their strategic partners.

In addition, we continue to attract leading companies from around the globe who are looking to transition from outdated, complex products to a more modern and elegant monitoring solution.”

Other highlights for the quarter included:

  • Nimsoft closed the acquisition of Indicative Software, adding business service management (BSM) and passive end-user response time monitoring capabilities to the Nimsoft product portfolio of network monitoring, server monitoring, database monitoring, application monitoring and service level management (SLM). Nimsoft now supports the full range of IT monitoring priorities.
  • Nimsoft was named in the JMP Securities' 2008 report, "Hot 100: The Best Privately Held Software Companies." The report profiles 100 of the leading private companies in the software industry as identified by the investment bank’s software research team.
  • Nimsoft appointed two senior executives to increase the talent behind the company’s aggressive drive for market share. John Smith, vice president of strategy, and Brian James, vice president of worldwide marketing, have been appointed to their positions to further the company’s explosive growth and influence around the world.
  • Nimsoft announced that it has received accreditation under the MSPAlliance (MSPA) Vendor Accreditation Program, a benchmark designed by the managed service provider community for vendors who sell to the MSP community.

About Nimsoft

Nimsoft provides 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 600 customers in 30 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.

© 2008 Nimsoft, Inc. all rights reserved.

 

For more information:

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