MSC.Software Goes Worldwide with Niku 6; Enables Work in Fully Auditable Environment
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MSC.Software Goes Worldwide with Niku 6; Enables Work in Fully Auditable Environment

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Feb. 18, 2003--Niku Corporation (NasdaqSC: NIKU) announced today that MSC.Software, the leading global provider of simulation software, services and systems, has completed its implementation of Niku 6 in the Americas, Asia-Pacific and Europe, providing fully-auditable time tracking and resource management to 1100 users and project management to 300 users in the company's professional services, software development, and IT groups.

MSC.Software provides simulation technology and services to a broad range of industries, including aerospace, automotive and consumer products, computer and electronics manufacturers, and universities. By enabling customers to simulate product or program performance in advance, MSC.Software reduces their development costs and time to market.

"We needed a tool that would enable us to track projects easily and then bill against them," said Heather Buchanan, MSC.Software manager of IT project management. "To comply with the rules for software development, you need to maintain an extremely granular audit trail that shows which costs you have capitalized.

"Our finance department is thrilled with our new auditing ability," Buchanan continued. "Now we have a way that we can electronically save project initiation forms with signatures, within each and every project. Now we can keep our professional consulting agreements, along with contract reports and quotes--all of them dated with the project number and available for inspection any time--within Niku 6. When we get audited, all we have to do is go into that project and show the auditors that this did, in fact, go through the proper process, and that they have the required information and signatures from the product managers."

"By extending Niku 6 within the company," said Mark Moore, Niku executive vice president of products and services, "MSC.Software has not only widened its virtual workspace geographically, it has functionally transformed it. The effect of bringing more users into an integrated work environment that automatically keeps track of their efforts is to create a global knowledge foundation of accurate, auditable information to help account for and control costs."

About Niku

Niku Corporation (NasdaqSC: NIKU) develops enterprise application software that automates knowledge work in companies by integrating portfolio, collaboration, resource, financial, project, and knowledge management in one Web-native application. For more information contact Email Contact, call 877-846-6458 (NIKU), or visit

About MSC.Software Corporation

MSC.Software (NYSE: MNS) is the leading global provider of simulation software, with related services and systems, that helps companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1500 people in 22 countries. For additional information about MSC.Software's products and services, please visit

CONTACT: Niku Corporation
             Rick Downer, 650/298-4691
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