Nimsoft is growing fast and bullish on its future

Oct 8, 2008 Full story: SiliconValley.com

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Nimsoft missing the Wave

Crook, UK

#1 Mar 31, 2009
I am a Nimsoft customer and have been informed by my account manager of serious cuts at Nimsoft. This surprised me very much as their CEO and VP EMEA confirmed to me in an executive meeting that the company was cashflow positive made significant benefit and is the fastest growing company in their space...

I work for a leading UK bank that recently replaced HP OV by Nimsoft, however as you understand I prefer to stay anonymous.

Nimsoft today anounced to more than 50% of their UK based employees that they have been made redundant. Employees were sent home Friday afternoon, after Tim Bisley, VP of EMEA informed them that their services were not longer required. Employees will be called back for a 1 to 1 discussion in the next couple of weeks.

These redundancies follow a string of previous redundancies over the past few months. Previously the Nimsoft Marketing and Communication department in EMEA were made redundant and the southern European operation were closed.

It is expected that the German operation will be closed as well but due to employment legislation this final action will take longer to implement. Further it is expected that the UK field sales team will be further reduced from 4 to 2 Sales executives. The support and pre-sales department are also affected with a number of redundancies.

A BMC executive in the UK confirmed to me that they are considering acquiring Nimsoft in the near future. The Nimsoft executives did not deny nor confirm.
Nimcust

Letchworth, UK

#2 Mar 31, 2009
I've been hearing this too. The only thing that makes sense is if they are being bought out by BMC and they are streamlining and drastically reducing costs. I can't imagine Nimsoft is a happy place to be right now - staff morale must be at an all time low.
Abilisoft

Dunstable, UK

#3 Apr 3, 2009
Sorry to hear this news, particularly for the UK employees. However, this is often the problem with companies that are backed by venture capital. I'm UK Sales Manager at a British company that carries no debt. We offer a replacement Monitoring Agent technology that can be used with customers' existing Network Management Consoles and Operational Support Systems from the likes of BMC, IBM, CA, and HP. We are agile and responsive to customer needs and can help CTO's to make potentially massive savings in operating expense.
Industry peer

Hounslow, UK

#4 Apr 14, 2009
Nimsofts VP EMEA has recently been removed from the leadership team page at nimsoft.com , reckon this is yet another casualty?

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