Nimsoft Builds On Momentum in Q2 2008
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REDWOOD CITY, CA, Jul 23 (MARKET WIRE) --
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 NimBUS 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looking to transition from outdated, complex products to a more modern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. Copyright 2008
Nimsoft, Inc. All rights reserved.
FOR MORE INFORMATION:
United States
Stephanie Xavier
Nimsoft, Inc.
Phone: +1 650 931 1133
sxavier@nimsoft.com
Scandinavia
Dag Lund
Nimsoft AS
Phone: +47 22627149
dag.lund@nimsoft.com
United Kingdom
Ajay Nawathe
Nimsoft Ltd.
Phone: +44 1932 577770
ajay.nawathe@nimsoft.com
Copyright 2008, Market Wire, All rights reserved.
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