Niku Corporation Builds Strong Presence in Australian Market.

SYDNEY, Australia & REDWOOD CITY, Calif. -- Aviva Group, Hutchinson Telecommunications, Unilever Australia and Others Choose Clarity(TM) for IT Management and Governance

Niku Corporation (Nasdaq:NIKU), the global leader in IT Management and Governance (IT-MG) solutions, today announced that it has rapidly expanded its presence in Australia. The company began building sales and service infrastructure to support customer success in early 2004 and now has offices in Sydney, Melbourne, Adelaide and Perth.

Customers acquired during this period of rapid growth represent some of the world's largest and best-run organizations, including Aviva Group, Australia and New Zealand Banking Group, Hutchinson Telecommunications, Road and Traffic Authority of New South Wales, SingTel Optus, and Unilever Australia.

"Australia is a vital market for Niku," said Dave Hudson, VP Niku Asia Pacific and Japan. "Numerous companies here can benefit from the flexibility and power of a fully realized IT Management and Governance solution such as Clarity. Just as important, the recently-enacted CLERP 9 Act mandates aggressive reform of corporate financial structures. Without a solution for IT Management and Governance, many companies will have a difficult time moving forward."

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 Fall 2004, extends the IT-MG footprint through powerful enhancements that support global management and governance, while allowing visibility into areas of IT service that impact total demand for resources.

About Niku

Niku Corporation (Nasdaq:NIKU) is the leader in IT Management and Governance (IT-MG) 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, Cesky Mobile, Columbia House, Harrah's Entertainment, HSBC, Kas Bank, Manpower, Mueller Milch, Nissan, Philips, Royal Caribbean Cruise Lines, SingTel Optus, Skandia UK Group, and Unilever depend on Niku software to maximize their 'Return on IT'. Niku is a publicly held company with global presence.

For more information, contact [e-mail] 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.