SOURCE: Nimsoft

September 04, 2007 10:00 ET

Nimsoft Ranks in Top 50 Fastest Growing Software Companies

Inc. Magazine Recognizes Nimsoft for Impressive 500 Percent Growth in Three Years

REDWOOD CITY, CA--(Marketwire - September 4, 2007) - Inc. magazine ranked Nimsoft, Inc. No. 49 in its list of the Top 100 Software Companies and No. 658 in its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. Nimsoft's rapid, 500-percent revenue growth in a three-year period demonstrates the worldwide market demand for a solution that helps businesses control the performance of its IT systems to protect its business services from downtime. The Inc. 5,000 is an extension of Inc. magazine's annual Inc. 500 list. Taken as a whole, these companies represent the backbone of the U.S. economy.

"The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy -- the entrepreneurial part," said Inc. 5,000 Project Manager Jim Melloan. "The expansion of the list has allowed us to tell the stories of larger, privately held companies."

Nimsoft's enterprise-class product suite is a proactive monitoring and management solution that helps analyze and manage business applications and the entire underlying IT infrastructure to help meet business productivity, revenue goals and business requirements. Nimsoft is capitalizing on a market characterized as highly dissatisfied and reliant on the solutions of four dominant market leaders and multiple point solution providers.

Since its founding in 1998, Nimsoft has been profitable and grew organically, independent of external capital funding. In Q4 of 2006, the revenues grew 110 percent from the prior year and the company added more than 120 new customers for the year. In Q1 of 2007, the company obtained its first round of $10.3 million venture capital funding. The company continues on a track of high speed, accelerated growth for 2007. The Nimsoft customer base now surpasses 450 globally.

Methodology

Complete information on this year's Inc. 5,000 can be found at www.inc.com/inc5000. The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent -- not subsidiaries or divisions of other companies -- as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.

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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.

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.

Contact Information

  • FOR MORE INFORMATION:

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