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Mercury Extends IT Governance Leadership Agenda
-- Announces Rapid Replacement Program for Niku and Changepoint Customers
MOUNTAIN VIEW, Calif., Jan. 25 /PRNewswire-FirstCall/ -- Today, Mercury
Interactive Corporation (NASDAQ:MERQ), the global leader in business technology
optimization (BTO), announced the Mercury Rapid Replacement Program for
customers of Niku (NASDAQ:NIKU) and Changepoint, acquired by Compuware
(NASDAQ:CPWR) in April 2004. The program will provide Niku and Changepoint
customers up to 75 percent of the value of their Niku and Changepoint software
licenses. The Mercury Rapid Replacement Program is designed to help companies
with a smooth transition from legacy point project portfolio management (PPM)
tools to Mercury IT Governance Center(TM), and will be offered through June 30,
2005.
"With the rise of compliance mandates, outsourcing and consolidation
initiatives, legacy PPM tools cannot scale to meet the IT governance needs of
Global 2000 companies," said Raj Jain, general manager and vice president of IT
Governance at Mercury. "Mercury is committed to supporting companies and
governments who are ready to engage in enterprise-class IT governance
initiatives."
The Mercury program provides services and special license pricing for Niku and
Changepoint customers that are migrating to Mercury's broader enterprise- wide
IT governance implementations. The Mercury Rapid Replacement Program
specifically helps companies avoid PPM problems, such as implementing non-
scalable PPM tool upgrades and products that lack critical IT governance
functionality.
"There is a clear shift in companies moving away from PPM projects to a center
of excellence approach for IT governance," said Zeus Kerravalla at Yankee
Group. "The uncertainty around the long-term viability of current point tool
vendors and lack of thought-leadership from legacy PPM vendors, positions
Mercury as the company of choice for IT governance and BTO."
Mercury also released research results from a new report based on research
conducted by the Economist Intelligence Unit identifying IT governance as one
of the top IT priorities for 2005. The Economist Intelligence Unit report
titled, "Driving Business Value from IT: Optimizing the New IT Environment" is
based on a global survey of more than 750 IT executives in 21 individual
countries throughout Asia-Pacific, Europe, and the Middle East. Key IT
governance findings include:
-- IT governance is ranked as the number one priority for the fast-growing
economies of Korea and China;
-- Better IT governance, more accurate financial reporting and more
visibility of risk are the top three benefits expected from compliance
initiatives such as Sarbanes-Oxley and the International Accounting
Standard; and,
-- Compliance initiatives such as Sarbanes-Oxley and the International
Accounting Standard create the need for stronger IT governance.
Mercury also announced that the Mercury IT governance guide titled "Running IT
Like a Business" has exceeded 3,300 downloads, with more than 50 percent of
downloads occurring outside of the United States. The popular
thought-leadership guide provides detailed company case studies on IT
governance excellence and implementation strategies, including:
-- Top business drivers for IT governance;
-- How to avoid common IT governance pitfalls; and,
-- How effective IT governance balances strategic IT initiatives and
tactical operational activities.
More information on the Mercury Rapid Replacement program can be found by
contacting Mercury at 888-727-5858 or 650-603-4801. The Economist Intelligence
Unit report is available to the press upon request. The ITG guide on "How to
Run IT Like a Business" can be found by visiting
http://www.mercury.com/it-governance.
About Mercury it governance center
Mercury IT Governance Center(TM) is an enterprise offering that helps customers
automate IT business processes from demand management to portfolio, program and
resource management, to change management. Mercury IT Governance Center is
comprised of integrated applications, a real-time dashboard and an enterprise
foundation. Mercury IT governance products and services help customers with
regulations such as Sarbanes-Oxley, and it supports quality programs and
process control frameworks such as Six-Sigma, CMMI (Capability Maturity Model
Integration), ITIL (IT Infrastructure Library), ISO-9000, and COBIT (Control
Objectives for Information and related Technologies).
About Mercury
Mercury Interactive, the global leader in business technology optimization
(BTO), is committed to helping customers optimize the business value of
information technology. Founded in 1989, Mercury conducts business worldwide
and is one of the fastest growing enterprise software companies today. Mercury
provides software and services to govern the priorities, people, and processes
of IT; deliver and manage applications; and integrate IT strategy and
execution. Customers worldwide rely on Mercury offerings to improve quality and
performance of applications and manage IT costs, risks and compliance. Mercury
BTO offerings are complemented by technologies and services from global
business partners. For more information, please visit http://www.mercury.com/.
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995 that involves risks and uncertainties
concerning Mercury's future business prospects and product and service
offerings. Mercury's actual results may differ materially from the results
predicted or from any other forward-looking statements made by, or on behalf
of, Mercury and reported results should not be considered as an indication of
future performance. The potential risks and uncertainties include, among other
things: 1) the dependence of Mercury's financial growth on the continued
success and acceptance of this program, its existing and new software products
and services, and the success of its BTO strategy; 2) intense competition for
Mercury's products and services; 3) uncertainties related to the closing of
acquisitions and the integration of products and services, employees and
operations as a result of acquisitions; 4) the mix of perpetual and term
licenses and the effect of the timing of the recognition of revenue from
products sold under term licenses; 5) Mercury has historically received a
substantial portion of its orders at the end of the quarter and if an order
shortfall occurs at the end of a quarter it could negatively impact the
company's operating results for that quarter; 6) the ability to attract and
retain key personnel; and 7) the additional risks and important factors
described in Mercury's SEC reports, including the Annual Report to Stockholders
on Form 10-K for the fiscal year ended December 31, 2003 and the Quarterly
Report on Form 10-Q for the quarter ended September 30, 2004, which are
available at the SEC's website at http://www.sec.gov/. Mercury undertakes no
duty to update any forward-looking statements to reflect events or
circumstances.
NOTE: Mercury, Mercury IT Governance Center, Mercury Interactive and the
Mercury logo are trademarks or registered trademarks of Mercury Interactive
Corporation or its subsidiaries in the United States and/or other countries.
All other company, brand and product names are marks of their respective
holders.
DATASOURCE: Mercury Interactive Corporation
CONTACT: Erica Petersen of Mercury Interactive, +1-650-603-5865, or
; or Amy Swanson of OutCast Communications,
+1-415-392-8282, or , for Mercury Interactive
Web site: http://www.mercuryinteractive.com/