IT software maker Nimsoft lands $12M to expand globally
Nimsoft Inc., a producer of software that monitors IT infrastructure, nabbed $12 million in a second round of financing led by Goldman Sachs & Co. and including previous investors JMI Equity and Northzone Ventures.
The Redwood City, Calif.-based company, which provides software to about 700 clients in 30 countries around the world, plans to use its new funding to expand its global presence, as well as product development.
This is the second round of funding for decade-old… Continue Reading
Roundup: Websites become more vulnerable to lawsuits, Meevee looks for buyers, and more
Here’s the latest action:
Rulings could make website owners more vulnerable to lawsuits — Decisions made by judges in two separate cases, against Friendfinder.com and Roommates.com, could expose websites to potentially harmful lawsuits, according to an article on CNET. Websites were previously immune to most lawsuits based on content added to their sites by others.
Video search firm Meevee wants to throw in the towel — “Combining with an established player will maximize the potential for the… Continue Reading
Nimsoft, an IT management co., raises $10.3M
Nimsoft, a Redwood City company that provides an IT and application management service, said it has raised $10.3 million in funding from JMI Equity and Northzone Ventures.
From the press release:
Nimsoft, established in 1998 and profitable since its founding, has never received any external investment capital and has grown organically to more than 400 customers. The capital investment will fund an expansion of the company’s worldwide sales and marketing outreach and will further develop its… Continue Reading