Toyota Financial Services Goes Live on Niku 6; 900 IT Users Get Web-Based Access to Project Portfolio and Resource Management

Business Wire, March 25, 2003

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 25, 2003

Niku Corporation (Nasdaq:NIKU) today announced that Toyota Financial Services (TFS), with managed assets of over $40 billion, completed implementation of Niku 6 in its information technology department. This new system will provide 900 users with Web-based access to project portfolio and resource management data, collaboration, and application functionalities.

"With Niku 6, we're now operating in a Web environment," said David Paine, leader of the TFS program management office. "This system will allow us to get project progress and resource usage data when we need it and to get that data in a format that we can work with it to manage our IT initiatives more effectively."

To meet all of TFS' needs, Niku configured the system specifically for them.

"Toyota Financial Services challenged themselves -- and us -- with an ambitious Niku 6 implementation plan," said Jules Ehrlich, Niku's Vice President of Professional Services, "but they were willing to support it with the brainpower and resources to make it happen. We were pleased to be able to work closely with them to make sure it happened successfully and on schedule."

About Niku

Niku Corporation (NASDAQSC: NIKU) is the leading vendor of Enterprise Portfolio Management systems. More than 400,000 users at industry leaders such as 3M, BT, Best Buy, Emerson, Philips and Unilever depend on Niku to manage mission critical projects, programs and initiatives. Niku's flagship product, Niku 6, offers superior functionality, scalability and architecture, making it the leading solution for the management of IT operations, New Product Development efforts, and services operations. Niku Corporation is a publicly held, profitable company with global operations. Niku can be reached at info@niku.com, and at 877-846-6458 (NIKU) and at www.niku.com.

Note to Editors: Niku, Do What Matters, and the Niku logo are registered trademarks in the United States and other countries of Niku Corporation. All rights reserved.

About Toyota Financial Services

TFS is the finance and insurance brand for Toyota in the U.S., offering retail auto financing and leasing through Toyota Motor Credit Corporation (TMCC) and extended service contracts through Toyota Motor Insurance Services, Inc. (TMIS). Lexus Financial Services is the brand for financial products for Lexus dealers and customers. TFS currently employs over 2,600 associates nationwide, and has managed assets of $40 billion. It is part of a worldwide network of comprehensive financial services offered by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation (NYSE: TM).