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Niku to Launch Open Source Windows Software Application.

LONDON -- Open Workbench, Leading Project Management Software, is the First Free Alternative to Microsoft Project for Global 2000 Companies

Niku Corporation (Nasdaq:NIKU), the leader in IT Management and Governance (IT-MG) solutions, today announced the launch of Open Workbench to the open source to community, the first free alternative to Microsoft(R) Project aimed at Global 2000 businesses.

Open Workbench has over 100,000 users worldwide including blue-chip companies such as BT, Unilever and Visa International. The high-end project scheduling application is aimed at project management professionals within large corporations.

Niku's strategic move to open source Open Workbench is in response to customer demand for a high-end project management tool which is a cost effective alternative for a commodity technology.

Open Workbench is available for free at www.openworkbench.org. The source code will be available at SourceForge in August, the worlds largest open source software development Web site (www.sourceforge.net).

"Desktop project scheduling tools, though nearly a billion-dollar market, are commodity products today," said Matt Light, Gartner Group research director and chair of Gartner's Project Portfolio Management Research Community. "Open source project schedulers will allow vendors to focus on meeting the demand for the more complex applications of portfolio management as well as IT planning, governance and control."

"Open source has revolutionised how operating systems, databases and developer tools are created and distributed," said Joshua Pickus, Niku's CEO. "Now, Niku is igniting the next major phase in the open source movement by delivering a Windows-based business application to the open source world. We expect this release to provide tremendous benefits to project managers around the globe."

"Brown Brothers Harriman has been very well served for more than ten years exclusively using Niku tools for scheduling our IT team. Quite simply, it does the job better than anything else," said Rick Berk, CIO at BBH, an award-winning provider of global custody, FX, securities lending and brokerage services for many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies. "We applaud Niku's move to align Workbench with the open source community, as we believe that having direct access to the software code can give us a new level of service and self-support, coupled with a new set of resources committed to evolving an already excellent product."

About Open Workbench

Open Workbench is a stand-alone desktop application that provides robust project scheduling functionality. It will also be usable in a fully integrated fashion with Clarity(TM), the enterprise-class IT-MG system from Niku. This seamless connection between day-to-day project management activities and strategic portfolio planning and execution will enable organizations to execute flawlessly on the right initiatives.

One of the enhancements that Niku will soon make to Open Workbench is a feature allowing the import of Microsoft Project files, making it even easier for project managers to migrate from high-cost products to this free scheduling tool.

About the Open Workbench Community

Niku is contributing its Workbench source code to the new Open Workbench community so that users can get the benefits from community-based development and support including: higher quality, faster innovation and lower costs. Developers and service providers who add value to Open Workbench will be able to contribute their enhancements to the community at large through SourceForge under the Mozilla license, or alternately may sell their enhancements under any license they choose.

The first independent developer for Open Workbench is Magic Software of Delhi, India (www.magicsw.com). Magic Software is available to Open Workbench customers for development and quality assurance services.

About Niku

Niku Corporation (Nasdaq:NIKU) is the leader in IT Management and Governance (IT-MG) solutions. More than 400,000 users at industry leaders such as BT, Harrah's Entertainment, HBOS, GMAC Mortgage, Nissan, Philips, Royal Caribbean Cruise Lines, SingTel Optus, and Unilever 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 (PD-PM), and Professional Services Automation (PSA), in addition to IT-MG. Niku is a publicly held company with a global presence.

Niku and the Niku logo are registered trademarks, Clarity 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.

For further press information, or to request photography or an interview, please contact George Coleman or Lisa Worrall at Nelson Bostock Communications.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 12, 2004
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