9/27/2004 - Nimbus Software announced that it has entered into a definitive agreement to acquire Converse Software LLC, a privately held company based in San Mateo, California, and to unify its worldwide operations with a new company name: Nimsoft. As the exclusive North American distributor for Nimbus’ products for the last couple of years, Converse Software has successfully amassed a substantial customer base of market-leading organizations such as IBM Global Services, GreenPoint Bank, DBAZone, Center 7, Dekalb Medical Center and many others. By acquiring Converse Software, Nimbus gains a solid and profitable organization in the US market, high technical expertise directly applicable to its solutions, a seasoned management team and a solid customer base.
"Nimbus has demonstrated significant growth in the management of application performance and Service Level Management, as more and more of its customers attest to a rapid ROI,” said Dennis Drogseth, vice president, Enterprise Management Associates, Inc. "This move to purchase Converse Software is the next logical step in Nimbus’ journey towards a global expansion, which could result into a significant advantage against competitors."
Pursuant to the terms of the agreement, Nimbus Software will acquire Converse Software in an all-stock transaction. The acquisition is expected to close early in the fourth quarter of 2004 and the merged companies will operate under the name ‘Nimsoft’ and available on the Web at www.nimsoft.com. Following completion of the acquisition, Converse Software will become an integral part of the new Nimsoft organization under the worldwide leadership of Anders Grindland. Additionally, Converse Software founder and CEO, Gary Read, will become President of Nimsoft Inc. and VP of Worldwide Sales for Nimsoft.
“We’re excited to embrace Gary Read and his team at Converse Software into our fast-growing organization to better match the escalating needs of our customers,” said Anders Grindland, CEO of Nimsoft. “This acquisition will allow us to accelerate our growth strategy in the US market and beyond, bringing added-value to customers looking for an advanced, yet cost-effective systems and service management solution.”
About Converse Software
Based in Silicon Valley, California, Converse Software is a premier provider of cost effective service level management solutions that enable rapid ROI. Its principals have accumulated many years of expertise in leading development, sales and marketing organizations at vendors such as BMC Software, Micromuse, Boole & Babbage, Candle Corporation, Tivoli and others. Existing customers include IBM Global Services, GreenPoint Bank, DBAZone, Center 7, Dekalb Medical Center and others. For more information, visit http://www.conversesoftware.com.
About Nimbus Software
Nimbus Software was founded in Oslo, Norway in 1998. Nimbus provides a comprehensive portfolio of solutions for managing Service Levels and IT-infrastructure such as servers, applications, databases and network to increase availability and improve performance of mission-critical business processes and applications. Nimbus is represented worldwide and a wide range of business organizations are currently benefiting from the NimBUS product suite and services. Among the many major business organizations using NimBUS today are the Royal Air Force, Siemens, Statoil, UNI2 and many others. For more information, visit www.nimsoft.com
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