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 Nimsoft. It raised $10.3 million in its first round at the start of last year and has seen its revenue grow more that 500 percent over the past four years.
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About the Author, Camille Ricketts
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