Nimsoft Press Release

Nimsoft appoints Converse Software to distribute products in the United States and Canada

Five (5) US Customers Already Live with NimBUS Service Level Management Solutions in the US

Burlingame, CA and Oslo, Norway - March 1, 2003 - Nimsoft LLC and Nimsoft AS, today announced a partnership where Converse Software will distribute NimBUS products in the United States and Canada. This agreement enables Converse Software to provide customers with first class systems monitoring and service level management solutions while enhancing Nimbus Software's reach in North America.

"We have seen a dramatic interest in the NimBUS products from US customers, who particularly like the speed of installation, comprehensive functionality and competitive price point of the products," said Gary Read, President and CEO of Converse Software. "We have already signed our first 5 US customers and have over 20 additional companies in active evaluation".

The award-winning NimBUS products enable customers to be monitoring a diverse range of servers, databases, applications and networks in a matter of hours. Advanced service level management capabilities provide managed service providers and corporate enterprises to define, implement, monitor and report on service levels as defined from the end-users perspective.

"We are very excited to join forces with Converse Software to increase our presence in the US through an organization of highly skilled and qualified experts," said Dag Lund, VP Sales & Marketing, Nimbus Software AS. "We are committed to service NimBUS customers through value added partners like Converse Software."

About the NimBUS™ Products
NimBUS is a comprehensive solution that enables fast deployment of advanced service level management through an innovative approach for business continuity. The NimBUS solution allows users to measure quality-of-service based on end-user response time and publish web-based reports on compliance against service level agreements.

About Nimsoft
Nimsoft is a premier provider of system, network and service level management software. Its solution enables service providers or corporate enterprises to easily monitor and manage IT environments and create customer or business-centric portals for up to the minute service level reporting.

With offices worldwide, the company's principals have accumulated many years of expertise in leading development, sales and marketing organizations at vendors such as BMC Software, Micromuse, Boole & Babbage, Candle Corporation and others.

For more information, visit www.nimsoft.com

US Contact:
Gary Read
Nimsoft
Phone: +1 650 570 5401
Email: garyread@nimsoft.com

European Contact:
Dag Lund
Nimsoft
Phone: +47 22 62 71 60
Email: daglund@nimsoft.com