NIKU Niku Corp (MM)

Niku Corporation (Nasdaq:NIKU), the global leader in IT Management and Governance (IT-MG) solutions, today announced that Gartner Inc. has placed Niku in the Leader quadrant in the "Magic Quadrant for IT Project and Portfolio Management, 2005" report. To request a complimentary copy of the full research report, please visit http://www.niku.com/go/analysts. The "Magic Quadrant for IT Project and Portfolio Management, 2005" report positions vendors in the PPM segment based on the completeness of their vision and their ability to execute. Gartner defines leaders as vendors that are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market. "We are honored to be positioned by Gartner in the PPM leader quadrant," said David Hurwitz, CMO of Niku. "As the largest provider of PPM solutions, we continue to set the market pace in terms of product innovation and traction with customers worldwide. We feel Clarity from Niku is becoming the solution of choice for companies seeking to realize IT governance, better engage IT with the business, and increase the return on their IT spend." Niku's PPM solution, Clarity, couples top-down portfolio planning and analysis with bottom-up project, program, financial and process management. The result is a seamlessly integrated system that enables organizations to achieve IT Management and Governance (IT-MG) success, beginning with investment selection and extending through project execution and results assessment, all within a single enterprise application. Clarity 7.5, introduced in fall 2004, extends the IT-MG footprint through powerful enhancements that support global governance and local management. The "Magic Quadrant for IT Project and Portfolio Management, 2005" by Matt Light and Daniel B. Stang is copyrighted June 22, 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Niku Niku Corporation (Nasdaq: NIKU) is the leader in IT Management and Governance (IT-MG) and New Product Development (NPD) solutions. 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.