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Niku Introduces Clarity; Portfolio Planning, Process Management, Application Consolidation Capabilities Highlight New Release.

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 15, 2004

Niku Corporation (Nasdaq:NIKU) today announced the introduction of Clarity(TM), version 7 of Niku's flagship product. Clarity delivers significant new functionality to Niku's growing worldwide customer base.

"The new 'Clarity' product name underscores Niku's focus on bringing visibility and control over enterprise portfolios to all stakeholders, enabling customers to align spending with corporate goals," said Josh Pickus, Niku's CEO. "With Clarity, Niku is delivering significantly expanded functionality on a Global 2000 proven architecture, giving organizations more power to drive concrete business improvements."

Clarity builds on the strength of Niku 6 by offering the industry's most comprehensive portfolio management capabilities. Clarity also delivers a new module for process management and new capabilities for managing applications and other non-project assets. Together, these enhancements significantly broaden the scope of the Niku solution.

"The Niku system has been fundamentally important to the world class results we've achieved over the past several years," said David Raspallo, CIO of Textron Financial. "Clarity from Niku takes this to the next level. Its comprehensive portfolio planning will allow us to maximize our return on IT."

"Armstrong selected Niku because its flexible and comprehensive capabilities provide a solution in three important areas: IT Management and Governance, Product Development Planning and Management, and Six Sigma," said Mark Young the Director of Program Management at Armstrong World Industries. "Now the new Process Manager module in Clarity adds graphical workflow, which can greatly improve the control on the NPD lifecycle."

About Clarity by Niku

Clarity, a web-based suite, has eight modules that are typically deployed in a phased implementation. Using the system, organizations can manage the full portfolio lifecycle from investment selection to initiative delivery to results assessment -- all from within a single seamlessly integrated enterprise application. Clarity is shipping today, and is available at no charge to Niku 6 customers on current maintenance agreements.

Proven to sustain tens of thousands of users, Clarity's G2000 Proven architecture supports even the most complex, global teams, in a multi-language, multi-currency environment. While project teams benefit from best-in-class, collaborative project, resource and financial management, business executives use Clarity dashboards to gain real-time visibility into entire portfolios of projects, applications, products and other classes of investments.

Portfolio Planning

Clarity enables customers to define portfolios and dynamically adjust them in the face of changing business conditions. Portfolios can be analyzed and balanced using a variety of business parameters, including risk, cost, expected benefit, business goal, and so forth. Business executives can generate risk-benefit profiles for specific new projects or the entire portfolio, and also perform any number of "what if" scenarios to determine the impact of an adjustment on other elements of the portfolio.

Graphical Process Management

Through a new module called the Process Manager, Clarity provides graphical process management to move initiatives effectively through collaborative environments. Clarity ships with configurable, pre-defined processes common to most environments, spanning everything from the management and approval of new ideas, to timesheet submission and departmental bill-backs.

Application Consolidation, Other Non-Project Uses

Clarity reaches beyond the boundaries of project management, enabling companies to model and manage other types of assets such as software applications and products. Using these expanded capabilities, IT organizations can drive application consolidation initiatives that have been shown to yield savings of up to 30 percent, while product development groups can manage product portfolios to speed new offerings to market.

Introducing PowerMods for World-Class Configurability

Clarity delivers groundbreaking configuration capabilities with its new PowerMods feature, which enables organizations to extend the data model, precisely tailoring the solution to their business environment without code-level customization. Non-technical system administrators can use PowerMods to create custom fields, new forms, unique screen views, navigation paths, and so on. New Precision Security capabilities give organizations a structure model that assigns rules and access rights so that internal and outsourced team members can see only what they need, in a context that matters most for their jobs.

About Niku

Niku Corporation (Nasdaq:NIKU) is the leading vendor of IT Management and Governance (IT-MG) solutions. More than 400,000 users at industry leaders such as 3M, Best Buy, Nissan, Unilever and Visa International depend on Niku software to maximize their Return on IT. Niku's Global 2000 Proven capabilities make it the leading solution for Product Development Planning and Management, and Professional Services Automation, in addition to IT-MG. Niku Corporation is a publicly held company with a global presence.

For more information, contact info@niku.com or visit www.niku.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 15, 2004
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