NIKU Niku Corp (MM)

Niku Corporation (Nasdaq:NIKU), the global leader in IT Management and Governance (IT-MG) solutions, today announced that it received the "Best Vendor" and "Best PPM Strategy" awards at the 2005 Gartner Project and Portfolio Management (PPM) Summit North America, held June 26-28 in Boston. These prestigious awards were based on a vote of the attendees at this leading PPM event. The Gartner Project and Portfolio Management Summit focused on the application of Project and Portfolio Management for IT Management and Governance. The event brought together key decision makers, Gartner analysts and leading PPM vendors. The attendees spent three intensive days exploring PPM best practices, results and solutions. The attendees then voted on the awards at the conclusion of the event. "We are deeply honored to win the 'Best Vendor' and 'Best PPM Strategy' awards at the Gartner PPM Summit," said Josh Pickus, CEO of Niku. "These awards are particularly gratifying as the award winners are determined by votes of the attending IT executives. In addition, Niku has now won 'Best Vendor' at the past three PPM Summits, a meaningful recognition not just of our solutions, but also our services, support, vision and thought leadership." Niku was also awarded "Best Vendor" and "Best Solution" at the Gartner PPM Summit Europe in December 2004 and "Best Vendor" at the Gartner PPM Summit North America in July 2004. In addition, Niku was positioned in the Leader quadrant in the Gartner "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" 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 Vision Events Vision Events, a Gartner, Inc. (NYSE: IT and ITB) company, is a leading producer of highly focused business events that bring resellers and end users together with leading and emerging vendors in private case study presentations to form strategic partnerships and secure new business in the technology sector. Additional information about Vision Events can be found at www.visionevents.com. 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.