SOURCE: Nimsoft

May 14, 2008 09:00 ET

Nimsoft Launches Into 2008 With Record Q1 Results

New Bookings Soar 71 Percent Over Prior Year, Driven by 83 Percent Increase in Recurring Revenue and 27 Brand New Name Customers

REDWOOD CITY, CA--(Marketwire - May 14, 2008) - Nimsoft, Inc., the "Big 4" alternative for IT performance and availability monitoring solutions, today announced that the company has launched into 2008 with record Q1 results. Nimsoft smashed its business expectations for 2007 and led the first quarter 2008 with similar rapid growth that underscores the company's ever increasing momentum. New bookings for the quarter rose 71 percent year over year, and recurring revenue, driven by an increasing amount of subscription business, jumped 83 percent when compared to the same quarter last year. The company added 27 brand new name customers during Q1, bringing the total customer count to 643 in 30 countries.

"The momentum we have is just astounding," said Gary Read, president and CEO, Nimsoft. "Whether it's a new customer replacing their overly complex and overly expensive existing products or an existing customer continuing to add to their Nimsoft investment, all are gaining unparalleled satisfaction and return on investment. One major financial services customer estimated that we will save them over $2 million in the first year when compared to the prior product they were using. Another global consumer products company reported they were reassigning six team members because NimBUS didn't require the hands-on management of their previous solution. Nimsoft has the right solution for enterprise customers who want scalability and advanced features without complexity."

Other highlights for the quarter included:

--  Nimsoft announced the acquisition of Indicative Software, which added
    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.
--  The Indicative acquisition resulted in the addition of a new R&D lab
    located in Fort Collins, Colorado. Nimsoft plans to expand the Colorado
    facility.
--  Information Week, a CMP Media publication, declared Nimsoft the "Best
    of the Best" among nine application performance management (APM) solutions.
    They noted NimBUS was "a real leader" in service level management for its
    "flexible and robust SLA reporting engine" and ability to "report SLA
    performance granularly ... which many APM tools are unable to do."
--  The San Francisco Business Times recognized Nimsoft as a "Best Place
    to Work" in the Bay Area. The award was based upon survey results of
    Nimsoft employees and ranked competitively among other companies in the Bay
    Area.
--  The MSPAlliance appointed Nimsoft CEO Gary Read to its Vendor Advisory
    Board, which will address vendor-specific issues related to creating
    technical standards, supporting the global managed service provider
    profession, and improving relationships between vendors and MSPs.
--  Nimsoft continues to lead the industry in the real time monitoring of
    virtualized and physical environments. Nimsoft announced new automation
    features for its NimBUS for VMware solution to provide customers ultimate
    control over the performance of their VMware environments.
    

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.

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