NIKU Niku Corp (MM)

Niku Corporation (Nasdaq:NIKU), the global leader in IT Management and Governance (IT-MG) solutions, today announced the expansion of the company's European presence with its recently established Brussels office. The office will serve customers and partners throughout the Benelux region, addressing the growing demand for IT Management and Governance solutions. Niku has already seen solid uptake of its leading IT-MG solution, Clarity(TM), in the Benelux region, with more than ten customers including the ministry of the Brussels district and the financial institution Banque Generale du Luxembourg. "With IT spending in recovery, a growing trend toward outsourcing complex IT projects, and increasing regulatory and compliance concerns, there is a growing need for IT Management and Governance solutions in the Benelux region," said Colin Pittham, Vice President of EMEA at Niku. "Our Brussels office enables us to serve customers directly in this important region to help them maximize the return on their IT investments. I am delighted with our seasoned and expert team, and expect to see solid traction in the Benelux market with a growing base of successful customers." Clarity enables organizations to drive IT-MG, beginning with investment selection and extending through project execution and results assessment, all within a single integrated enterprise application. Clarity 7.5, introduced in fall 2004, extends the IT-MG footprint through powerful enhancements that support global governance and local management. Of particular interest in multi-lingual countries such as Belgium and Luxembourg, Clarity allows different users within an organization to operate simultaneously in their native languages, including Dutch, French, German and English. About Niku Niku Corporation (Nasdaq:NIKU) is the leader in IT Management and Governance (IT-MG) and New Product Development (NPD) solutions, and two-time winner of the Gartner PPM Summit "Best Vendor" award. More than 400,000 users at industry leaders such as Avon, BT, Eastman Chemical, HSBC, Manpower, Royal Caribbean Cruise Lines and Unilever depend on Niku software to maximize their "Return on IT." With headquarters in Silicon Valley, Niku serves global customers from more than 20 offices worldwide. For more information, contact info@niku.com or visit http://www.niku.com. Niku and the Niku logo are registered trademarks and Clarity, Open Workbench and Project Workbench are trademarks of Niku Corporation in the United States and certain other countries. All other trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.