Press Release: Niku Corporation
November 7, 2001
REDWOOD CITY, CA -- Niku Corporation (Nasdaq: NIKU) yesterday announced that Textron Financial Corporation, a subsidiary
of Fortune 500 company Textron Inc., (NYSE: TXT) has chosen to implement Niku 6 within its ISO 9001 certified IT
organization to better manage its initiatives.
Textron Financial will be using Niku 6 as a communications tool to share process improvement initiatives throughout
the organization and as a project management tool to prioritize and monitor projects. Using Niku 6, managers will
have the ability to assess potential risk factors related to new initiatives and to manage company resources accordingly.
``Niku 6 will allow us to collaborate in new ways, automate some project management tasks, and proactively manage
resources to meet our business objectives,'' said Chuck LoCurto, vice president of information technology at Textron
Financial. ``As a business enabler, IT needs to run projects with rigor, and Niku provides us with a tool to control
our IT processes effectively,'' he continued.
Niku SRM solutions provide internal services organizations such as IT, R&D, consulting services, corporate
development or marketing with the functionality required to manage their entire business worldwide including project,
resource, and revenue management, collaboration with calendar sharing, threaded discussions, document management
with version control, time capture, and robust reporting.
About Niku
Niku Corporation builds eBusiness applications for Services Relationship Management (SRM), applications that increase
the efficiency of internal services at the heart of your business by cutting costs and increasing revenues. Niku
SRM solutions automate priority, project, resource, financial and knowledge management, and the relationships between
them, helping companies align their internal services organizations with company priorities more effectively than
ever before. For more information about Niku's SRM solutions, visit our web site at www.niku.com.
About Textron Financial
Textron Financial is a diversified commercial finance company with $8.9 billion in managed receivables and twenty-two
years of record earnings. Its market-aligned businesses provide lending and leasing to small and middle market
companies, as well as financial services that include asset management, syndications, portfolio servicing, and
insurance brokerage. Textron Financial also provides specialty finance for the golf and timeshare industries. Textron
Financial is a subsidiary of Textron Inc. Additional information about the company is available at www.tfc.textron.com.
CONTACT: Media, Bronwyn Johnston of Niku Corporation, +1-650-298-4681, or bjohnston@niku.com.
SOURCE: Niku Corporation