SOURCE: Nimsoft

November 01, 2007 10:00 ET

Nimsoft Sets All Time Highs for Q3 Revenue

A 130 Percent Year-Over-Year Growth, EBITDA Profitability and Exceptional Customer Satisfaction Reflect Unparalleled Momentum

REDWOOD CITY, CA--(Marketwire - November 1, 2007) - Nimsoft, Inc., the "Big 4" alternative provider of IT performance and availability monitoring solutions, set all time highs for its Q3 financial results with sales orders reaching 130 percent year-over-year growth. The company has been consistently winning in competitions against HP, IBM, BMC and CA or replacing their expensive and complex monitoring solutions among enterprise and managed service provider customers. This quarter the company also achieved EBITDA profitability. In addition, Nimsoft gained 37 brand new customers to bring the total customer base to 496. Year to date, the company has increased its revenue growth by more than 80-percent over the same period for 2006 while growing its subscription business by 93 percent.

"We are winning business on multiple fronts, concurrently," said Gary Read, president and CEO, Nimsoft. "With the number of replacements and wins against the Big 4 incumbents growing almost daily, we are being recognized by analysts and customers as the alternative solution for performance and availability monitoring. Nimsoft is the only provider that offers ease of use and ease of administration within a scalable, reliable, lightweight solution that supports the entire IT infrastructure. Whatever the customer type, our value proposition is compelling."

Other developments in the third quarter include:

--  The appointment of Tim Bisley as vice president of EMEA. Bisley was
    formerly vice president EMEA of the Corporate Sales Division, HP Software.
    Prior to HP, Bisley drove Mercury Interactive EMEA sales from $5M to $100M
    in six years.
--  Inc., one of the most widely read business magazines for
    entrepreneurs, recognized Nimsoft as one of the top 50 fastest growing
    software companies in the United States.
--  Nimsoft closed its call for entries for the Best Practices for Managed
    Services Awards Program, a global awards initiative designed to acknowledge
    innovation and excellence among managed service providers. The winners will
    be announced at the Nimsoft U.S. customer conference in San Jose on Nov. 6.
    The awards were judged independently by Enterprise Management Associates,
    Forrester, The MSP Alliance and Ziff Davis Enterprise Technology Group.
    

Propelled by its strong financial results and rising customer base, the company is investing heavily in accomplished professionals in research and development, product marketing, customer support and sales. Currently at 120 employees, the company is actively hiring worldwide. For more information about careers at Nimsoft, go to http://www.nimsoft.com/company/jobs.php.

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

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.

Contact Information

  • FOR MORE INFORMATION:

    United States
    Stephanie Xavier
    Nimsoft, Inc.
    Phone: +1 650 931 1133
    Email Contact

    Scandinavia
    Dag Lund
    Nimsoft AS
    Phone: +47 22627149
    Email Contact

    United Kingdom
    Ajay Nawathe
    Nimsoft Ltd.
    Phone: +44 1932 577770
    Email Contact