The fastest-growing systems management company, Nimsoft, announces a second round of funding.
It announced that it has completed a funding round of US$12 million led by new investor Goldman Sachs. Other investors included JMI Equity and Northzone Ventures.
“Nimsoft has an innovative, well-run business model with a strong management team,” said Goldman Sachs’ Vice President of Principal Investment Area, David Campbell. “To operate modern data centers, it is critical for IT customers to have robust systems management software that is easy to deploy and maintain … Nimsoft has a proven track record of delivering this.”
“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 US$12.9 billion in 2007, representing 13.5 percent annual growth. With revenue growth of 534 percent over the past four years, Nimsoft is the fastest growing systems management company in the world.
Lead Goldman Sachs investor David Campbell will join the Nimsoft Board of Directors. Peter Arrowsmith of JMI Equity and Torleif Ahlsand of Northzone Ventures will continue to serve on the Nimsoft board of directors.