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 product offerings, which help customers manage critical IT resources and application performance. For the past three years, Nimsoft has consistently grown revenues in the high double digits, evidence of market acceptance of Nimsoft’s low cost, easy-to-deploy solutions.
Lead investors Peter Arrowsmith of JMI Equity and Torleif Ahlsand of Northzone Ventures will join Nimsoft’s board of directors. Both venture capital firms have helped lead growing infrastructure software companies into successful, industry-leading businesses…
…Nimsoft’s product, NimBUS, offers a line of real-time, service level management solutions that provide the breadth of large enterprise management solutions without the associated expense and complexity. Its scalable and reliable monitoring capabilities proactively manage critical IT resources, such as servers, applications, databases and network services and devices, in the most demanding of IT environments. Unlike traditional solutions, NimBUS can be deployed within a matter of days and it costs a fraction of traditional solutions.