Business Services Industry

High Marks for Niku 6 in New SPEX Report; Receives ''Excellent'' or ''Outstanding'' Ratings in All Categories

Business Wire, August 7, 2002

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Aug. 7, 2002

Niku Corporation (Nasdaq:NIKU), the leading provider of Services Relationship Management (SRM) software, today announced that its premier enterprise software application, Niku 6, has received "excellent" or "outstanding" ratings in all categories of a recently completed evaluation by SPEX. A division of META Group, SPEX is the leading authority for enterprise and Web-based software technology evaluations, evaluating hundreds of software vendors and applications annually in numerous categories.

The new SPEX report evaluates Niku 6 in the categories of functionality, usability, technology, market strength, and overall performance. Wholly objective evaluations, SPEX reports analyze both the strengths and limitations of software products.

"Today's economy forces organizations to operate more efficiently with scarcer resources and to understand the timing and balance of new initiatives," said Ted Tzirimis, SPEX senior research analyst. "The continued expansion of functionality within project portfolio management solutions is aimed at enabling any type of organization to manage an entire portfolio of projects, while reducing risk and maximizing profits."

"We are pleased that SPEX has confirmed the value of Niku 6," said Rene Pharisien, Niku vice president of marketing. "We designed Niku 6 to be the first integrated enterprise software application that enables large companies to manage knowledge workers across the enterprise, unifying, clarifying, and automating their work."

To read the complete SPEX report, go to http://www.niku.com, click on "Analyst Reports" in the right-hand column, then choose "SPEX."

About Niku

Niku Corporation (Nasdaq:NIKU) develops enterprise application software for Services Relationship Management (SRM), software that automates mid-office services -- IT, R&D, consulting, marketing, and more -- by integrating portfolio, project, resource, financial, collaboration, and knowledge management in one Web-native application.

For more information contact info@niku.com, call 877/846-6458 (NIKU), or visit www.niku.com.

About SPEX

SPEX is the leading authority for enterprise and Web-based software technology evaluations. A division of META Group (Nasdaq:METG), SPEX provides comprehensive enterprise software product evaluations to help global companies quickly select critical business applications and IT solutions. SPEX, in combination with META Group's METAspectrum(SM) -- which provides IT professionals with a view into critical market success factors and vendor positioning -- delivers comprehensive evaluations of both technology markets and vendor product offerings. SPEX evaluations can be customized using WebCompass -- an online model that contains detailed questions, analyses, and positioning graphs illustrating functional depth in critical areas -- to meet users' specific requirements. Additional information on META Group's SPEX offerings can be found at www.checkspex.com. For more information about METAspectrum, visit www.metagroup.com/metaspectrum.> SPEX evaluations and results are the sole property of META Group, Inc. and are Copyright (c) 2002 META Group, Inc. All rights reserved. Permission to use the results requires prior written approval from META Group, and should not be deemed an endorsement of any company or product.