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New software company backed by successful technology entrepreneurs with proven track record

10th September 2013

Rimo3, a new company that develops and sells a suite of application management software, launches today. Headquartered in London, the company has global ambitions and expects to be selling its products in the US by Christmas.

Rimo3 has been established by the team from enterprise application management consultancy, Camwood. The creation of Rimo3 follows the sale of a previous Camwood company, AppDNA, to Citrix for $92million in 2011.

Rimo3 gives organisations the tools to understand their entire application estate, helping them make informed decisions on which applications should be rationalised, which versions are compatible and compliance issues. Its products are proven to speed up migration projects, reduce licensing costs and enable efficient, long-term application portfolio management.

Rimo3 is different to other application management companies in several ways; its products are designed to offer customers an end to end solution., almost all other enterprise application management products currently available only offer part of what the Rimo3 suite does, the Rimo3 suite also gives customers one single view of their application estate, providing recommendations on next steps and workflow.

The company has already won its first customer, Xentrall, a partnership between Darlington Borough Council and Stockton-on-Tees Borough Council. Xentrall is using Rimo3’s analytics tool, Vision.

Adrian Foxall, CEO, Rimo3 comments, “Enterprises spent over $120bn on enterprise applications last year and Gartner predicts the market will grow at more than 4% year on year. Enterprise application estates are fast spiralling out of control thanks to growth, mergers, maverick licensing and BYOD. IT departments need a proper management tool to help them regain control of licensing, retire unwanted apps, and streamline the estate for easy, professional ongoing management. There is a clear market need for a company like Rimo3. Our products enable organisations to drive out cost, reduce the time spent on application management and simplify migration.”

Currently Rimo3 offers three products:

Vision - an application analytics portal that integrates application data from IT systems and management tools – including other Rimo3 modules – and presents it in a single, easy-to-use console for analysis, reporting and decision-making.
Insight - an application audit tool that enables organisations to understand and monitor the usage profile of every application.
Evolution - a complete workflow and governance environment for large application estates. It allows organisations to understand where each application sits in its lifecycle, and to plan and manage application management projects effectively.

Rimo3 products are available on a SaaS or on-premise basis, with flexible pricing and a free trial offer. The company will sell its products purely via channel partners and is today launching a programme to appoint local and global partners.

Notes to editors:

About Rimo3
Established in 2013, Rimo3 develops enterprise application portfolio management tools for IT teams in organisations with complex and demanding applications estates. The Rimo3 suite is proven to speed up migration projects, reduce licensing costs and enable efficient, long-term application portfolio management. Available on a SaaS or on-premise basis, Rimo3 enables organisations to stay in control of their apps and capitalise quickly on new technologies.

Named after one of the world’s highest and toughest mountains, Rimo3 combines the notions of a panoramic view of the application estate with a task that has previously been hard to achieve – obtaining and maintaining that view.
www.rimo3.com

For more information please contact:
Deborah Nazareth
Deborah@rimo3.com

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