BEST BUY SELECTS NIKU 6 FOR INFORMATION SYSTEMS INFRASTRUCTURE UPGRADE
Niku 6 Features and Functionality Key Element for Mid-Office Enterprise
Solutions
REDWOOD CITY, Calif. – February 20, 2002 – Niku Corporation (Nasdaq: NIKU)
the leading provider of Services Relationship Management (SRM) software,
today announced that Best Buy, North America’s number one specialty retailer
of consumer electronics, personal computers, entertainment software and
appliances, has chosen Niku 6’s features and functionality to upgrade its
information systems (IS) infrastructure.
Best Buy’s decision to upgrade to Niku 6 was due to the major enhancements
to the Niku product line including Niku 6’s ability to integrate to Oracle
Financials, better project forecasting capabilities, increased finance
tracking capability, and ability to manage external staffing.
"We’ve had Niku in-house for three years and we’re delighted with the new
features and functionality provided by Niku 6,” said Jeff Loeb, IS leader
for Best Buy. “Niku 6 gives us the ability to roll up all of our IS projects
across the Company giving us one dashboard view.”
“Long time Niku customers are seeing the tremendous benefits Niku 6 can
provide,” said Richard N. LaBarbera, president of global operations, Niku
Corporation. “The features and functionality of Niku 6 are well ahead of
any other product on the market today. Niku 6 is the solution for companies
driving productivity and increased value out of its mid-office
organizations.”
About Niku
Niku Corporation (Nasdaq: NIKU) develops enterprise application software for
Services Relationship Management (SRM), software that cuts costs and
increases revenues by automating internal services and the relationships
between them. Niku SRM enables companies to streamline their mid-office
departments--like IT, R&D, consulting services, marketing, legal, and
more—by combining project management, resource management, financial
management, opportunity management, and knowledge management with
collaboration, extranets, and an executive dashboard, all in one integrated
Web-native application.
For more information, contact info@niku.com or call 877-846-6458 (NIKU) or
visit www.niku.com.
About Best Buy
Minneapolis-based Best Buy Co., Inc. (NYSE: BBY) is North America’s number
one specialty retailer of consumer electronics, personal computers,
entertainment software and appliances. The Company operates retail stores
and commercial web sites under the names: Best Buy (BestBuy.com), Future
Shop (FutureShop.ca); Magnolia Hi-Fi (MagnoliaHiFi.com), Media Play
(MediaPlay.com), On Cue (OnCue.com), Sam Goody (SamGoody.com), and Suncoast
(Suncoast.com). The Company reaches consumers through more than 1,800 retail
stores in the U.S., Canada, Puerto Rico and the U.S. Virgin Islands.
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