Nimsoft Financials Reinforce Managed Services Optimism
I still maintain that no tech sector is immune to an economic slowdown. But even the biggest bears have to admit the bull run continues for the managed services sector. The latest example: Nimsoft’s 2007 revenue hit $29.4 million, up 77 percent from 2006.
Nimsoft is the latest MSP platform provider to deliver bullish results amid the turbulent economy. Executives from Autotask and Kaseya, respectively, earlier this month made optimistic statements about their recent business performance. And our recent MSPmentor 100 report shows that leading managed service providers easily doubled their revenue in 2007 vs. 2006.
Nimsoft positions itself as a managed services alternative to traditional network monitoring solutions from CA, BMC Software, Hewlett-Packard and IBM. Nimsoft’s platform is particularly popular for monitoring virtualized VMware environments.
Many enterprises deploy Nimsoft’s platform internally to manage networks, databases, servers, middleware, email and applications. But in recent months, Nimsoft has been recruiting more managed service providers to extend the reach of its platform. One increasingly popular component monitors Cisco VoIP networks.
Nimsoft, however, is not to be confused with entry-level MSP platforms. The company’s software frequently is used to monitor global 2000 infrastructure. Novell, for one, uses Nimsoft’s platform to remotely manage customer networks.