Interwoven

Infobox Company
company_name = Interwoven Incorporated
company_
company_type = Public (NASDAQ: [http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=IWOV] )
foundation = flagicon|United States Sunnyvale (1995)
location_city = San Jose, California
location_country = U.S.
key_people = Joe Cowan, CEO and Director
Max Carnecchia, President
John Calonico, CFO
Rafiq Mohammadi, CTO
industry = Software
products = http://www.interwoven.com/products
revenue = $200.3 million USD (2006)
num_employees = Ca. 750
homepage = [http://www.interwoven.com www.interwoven.com]

Interwoven, Inc., is an enterprise software company headquartered in San Jose, California, USA and founded in 1995.

Products and customers

The company is mainly known for both its content management system "TeamSite", used to create complex intranet and Internet websites for enterprises and document management system "WorkSite" used to store, index, organize and search documents and email.Interwoven claims to have over 4,200 organizations as customers, including adidas, Airbus, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Optimost, Samsung, Shell, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 20,000 developers and over 300 partners enrich and extend Interwoven's offerings..It claims to have created a network of system integration and marketing partners (including Accenture, Deloitte and IBM) as well as development and technology partners (including Adobe, RBRO Solutions,
EMC, Microsoft, SAP AG and Sun Microsystems) around its products.

Competitors

Interwoven's main competitors in the content management (CM) business include SDL Tridion with its R5 product suite, FatWire with its "FatWire" Content Server solution, Vignette Corporation with its "Vignette" product suite, Open Text Corporation ("Livelink, supplemented with acquisitions of RedDot, IXOS, Hummingbird"), EMC ("via Documentum acquisition"),Xerox Corporation ("DocuShare"), IBM ("via FileNet acquisition"), Oracle Corporation ("Oracle Content Management (via Stellent acquisition)"), Microsoft ("SharePoint") and Broadvision.

The ECM vendor space has drastically changed as larger Database providers such as EMC, Oracle, and IBM began acquiring independent ECM vendors starting with EMC's $1.7B USD purchase of Documentum. Interwoven, OpenText and Vignette remain the three largest independent ECM vendors with OpenText far outpacing the other two in terms of revenue and customer base.

Foundation to initial public offering

The company was founded in 1995 in California by Singaporean entrepreneur Peng T. Ong, who was also Interwoven's first chairman. Peng was previously co-founder of Match.com, and later went on to found Encentuate. [ [http://www.innovationmagazine.com/innovation/volumes/v6n3/coverstory3.shtml Herbal Medicine & Drug Interactions ] ] [ [http://www.encentuate.com/aboutus/executives.php Encentuate : Team ] ] In its private startup phase the company was backed by Foundation Capital [ [http://www.foundationcapital.com/news/articles/vcj_010102.html Foundation Capital ] ] , Draper Fisher Jurvetson [ [http://www.drapertriangle.com/network/draper_fisher_jurvetson.php Draper Network | Draper Fisher Jurvetson ] ] , Accel Partners and other venture capital co-investors including Internet entrepreneur Gary Kremen [ [http://www.kremen.Com K R E M E N ] ] .

On October 8, 1999 Interwoven went public on NASDAQ at $17.00 per share with Credit Suisse First Boston as the lead underwriter of the offering. [ [http://www.interwoven.com/news/press/1999/991008ipopr.html Press Releases - Interwoven - Press Releases ] ] In November 2001 the IPO and a follow-on public offering were challenged in a class-action lawsuit, based on the allegation that the official prospectus filed with the SEC contained false and misleading statements as it did not disclose connections between the underwriters and other investors and customers of Interwoven. [ [http://securities.stanford.edu/1021/IWOV01/ Interwoven, Inc. - Securities Class Action ] ] [ [http://securities.stanford.edu/news-archive/2003/20030326_Headline07_Murti.htm Court Denies Interwoven Motion To Dismiss Securities Suit - 03/26/2003 ] ]

Dot-com boom

In the years of the dot-com bubble the company made news by offering huge hiring incentives, in order to compete for talented people with other startup companies in Silicon Valley. At one point in early 2000, it promised to give new BMW Z3 sports cars to the next 20 new engineers coming to Interwoven and staying with the company for at least a year. [ [http://www.wired.com/wired/archive/8.04/mustread.html?pg=5 Wired 8.04: Must Read ] ]

Notes and references

* cite web
url = http://media.corporate-ir.net/media_files/irol/11/115270/corp_pro_5_07.pdf
title = Interwoven Official Corporate Factsheet
format = PDF
accessmonthday=27 June | accessyear = 2007
* cite web
url = http://www.hoovers.com/interwoven/--ID__59680--/free-co-factsheet.xhtml?cm_ven=PAID&cm_cat=BUS&cm_pla=CO1&cm_ite=Interwoven_Inc
title = Hoover's Company Overview Interwoven Inc.
format = HTML
accessmonthday=5 July | accessyear = 2007

External links

* http://www.interwoven.com/ - Company website
* [http://www.InterwovenPodcast.com/ Intersections by Interwoven -- Corporate Podcast]
* [http://www.podworx.com/GearUp GearUp 2008 Conference Podcast]
* http://www.rbrosolutions.com/ -- RBRO Solutions - PSIS Platinum Partner