Niku Achieves Leadership Category In New Software Evaluation METAspectrum for Project Portfolio Management

Business Wire, April 9, 2003

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 9, 2003

Niku Corporation (Nasdaq:NIKU), a leading provider of enterprise portfolio management software, announced today that it has received high marks and is considered among the market leaders in META Group's recently released Project Portfolio Management METAspectrum(SM) Market Summary. The PPM METAspectrum is now available at www.Niku.com.

META Group (Nasdaq:METG) is a leading provider of information technology research, advisory services, and strategic consulting. METAspectrum Market Summaries are IT market evaluations that help customers to understand market trends, the viability and relative leadership positions of vendors and the future direction of technology markets.

This METAspectrum provides an objective assessment of software products that "coordinate, manage, and enable prioritization of project and program portfolios and related resources, linking them in a single repository with appropriate views to categorize, assess the value/risk of, and score current and future projects in the context of business imperatives."

"To achieve excellence in this METAspectrum, vendors must score well in the key areas of technology and services (together making up 55% of the performance weight), as well as vision/strategy and channels/partners (constituting 50% of the presence weight)," stated Melinda Ballou, Senior Research Analyst at META Group and the author of this METAspectrum. "The criteria and subcriteria weightings throughout the METAspectrum are based on real-world buying factors of META Group customers."

Niku 6 was positioned in the leadership segment of the METAspectrum analysis, specifically recognized for its strength in technology, services, vision, market share, and industry focus.

"We are pleased that the METAspectrum report designates Niku as a leader," said Mark Moore, Niku Executive Vice President of Products and Services. "We have continued to respond to the requirements of our customers while building out our vision of enterprise portfolio management. This METAspectrum PPM evaluation validates the success we have had, and the business value our customers can continue to expect."

About Niku Corporation

Niku Corporation (Nasdaq:NIKU) is the leading vendor of Enterprise Portfolio Management systems. More than a quarter-million users at industry leaders like 3M, Barclays, Best Buy, Emerson, Toyota, and Unilever depend on Niku's flagship product, Niku 6, to manage mission-critical projects, programs, and initiatives. Niku 6 offers superior functionality, scalability, and architecture -- making it the leading solution for managing IT organizations, new product development, and services operations. Niku Corporation is a profitable, publicly-held company with global operations. Niku can be reached at info@niku.com, at 877/846-6458 (NIKU), and at www.niku.com.

About METAspectrum

METAspectrum(SM) evaluations from META Group (Nasdaq:METG) provide IT professionals with a view into critical market success factors and vendor positioning. METAspectrum, in combination with META Group's SPEX modules -- which provide detailed technical analysis of product features and capabilities -- delivers comprehensive evaluations of both technology markets and vendor product offerings. There are multiple market evaluations planned for release in 2002. METAspectrum evaluations are a standard component of a META Group retainer service subscription and are updated quarterly, biannually, or annually, depending on the characteristics of individual markets. To view completed market evaluations, or learn more about the METAspectrum methodology, visit www.metagroup.com/metaspectrum.> METAspectrum(SM) market 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.

METAspectrum Disclaimer

Permission to reproduce this research has been granted by META Group, Inc. Any further reproduction or redistribution of this research in any form without prior written approval is prohibited. METAspectrum is META Group's independent evaluation of a technology market, representing marketplace characteristics at a given time and are subject to change without notice. META Group's permission to reproduce this evaluation should not be deemed to be an endorsement of any company or product. META Group research is intended to be one of many information sources and decision-makers should not rely solely on the METAspectrum evaluation for making solution choices. META Group expressly disclaims all warranties, express or implied, including but not limited to fitness of this research for a particular purpose or merchantability.

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