It's the ultimate sign of confidence in the managed services market. Amid the continuing economic turmoil and credit crunch, Goldman Sachs and several other firms have invested $12 million in Nimsoft -- one of the software sector's fastest-growing companies and a key player in the managed services industry.
Goldman Sachs has been keeping a close eye on the managed services market in recent months. Here's the scoop.
According to a Nimsoft press release, the company will use the new funds to:
"continue its growth and help achieve its vision of becoming the world’s leading enterprise systems management software company."Roughly two-thirds of Nimsoft's customers are enterprise IT shows striving to more effectively manage their internal networks. The other one-third involves managed service providers that remotely administer customer networks.
Goldman Sachs has been keeping a close eye on the managed services market. The investment firm earlier this year pumped substantial money in DataPipe, an MSP in New Jersey.
No portion of the technology industry is fully immune to the current economic crisis. But Goldman Sachs' vote-of-confidence in the MSP sector should provide some added confidence to the sector.