Woo Hoo – we're excited!!!!!

Goldman Sachs Leads $12 Million Investment in Nimsoft

Fastest Growing Systems Management Company Announces Second Round of Funding

REDWOOD CITY, Calif. ? October 7, 2008 ? Nimsoft, the fastest growing systems management company, today announced that the company has completed a funding round of $12 million led by new investor Goldman Sachs with follow on investments from Series A investors JMI Equity and Northzone Ventures. The company will use the funds to continue its growth and help achieve its vision of becoming the world?s leading enterprise systems management software company.

?Nimsoft has an innovative, well-run business model with a strong management team,? said David Campbell, Vice President, Principal Investment Area, Goldman Sachs. ?To operate modern data centers, it is critical for IT customers to have robust systems management software that is easy to deploy and maintain to ensure they are providing the right level of service to their businesses. Nimsoft has a proven track record of delivering this functionality to both large and small enterprises and managed service providers (MSPs) around the world. We are pleased to invest in Nimsoft to enable further growth as a leading enterprise systems management provider.?

?Despite the tough economic times, we were overwhelmed with interest from multiple prestigious investors,? said Gary Read, president and CEO of Nimsoft. ?An investment from Goldman Sachs is further recognition of the strength of our business model, product performance and future business opportunity. With the global market experience and formidable resources of Goldman Sachs added to the existing knowledge of our initial investors JMI Equity and Northzone Ventures, we are confident we will continue to grow a highly successful business.?

According to Gartner Dataquest, the worldwide revenue for IT operations management software was $12.9 billion in 2007, representing 13.5 percent annual growth.1 Nimsoft extended its position in the Gartner ?Magic Quadrant for IT Event Correlation and Analysis, 2007? and has expanded to 700 customers in 30 countries. With revenue growth of 534 percent over the past four years, Nimsoft is the fastest growing systems management company in the world due largely to its easy-to-use performance and availability monitoring software that offers a fast and compelling Return on Investment.

An InformationWeek product review ranked Nimsoft the ?Best of the Best? among nine application performance management (APM) solutions. APM is a critical segment of systems management because it monitors the performance of the customer experience ? in addition to core IT infrastructure performance. InformationWeek reviewers noted Nimsoft 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.?

Lead Goldman Sachs investor David Campbell will join the Nimsoft board of directors and provide strategic counsel for the company?s ongoing development and growth. Peter Arrowsmith of JMI Equity and Torleif Ahlsand of Northzone Ventures will continue to serve on the Nimsoft board of directors.

Comments are closed.