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SUNNYVALE, Calif. - October 29, 2001 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of Content Infrastructure, today announced that TD Bank Financial Group has selected Interwoven's Content Infrastructure product suite for its corporate Website ( www.td.com ). Interwoven's software will allow TD Bank Financial Group's global content development team to easily work in parallel on multiple initiatives.
"TD Bank Financial Group is a leader in financial services with multi-channel and multiple products and services," said Steven McCormick, director of the Technology Management Group at TD Bank Financial Group. "With that in mind, it was imperative that we chose a content infrastructure that was scalable enough to allow us to grow and develop content creation and distribution processes within and across multiple business lines." Interwoven's Content Infrastructure is based on a completely open, XML-based platform that offers a flexible, scalable, standards-based platform for creating, managing and deploying the enterprise-class, business-critical Web content needed to maintain a competitive advantage.
According to Meta Group Research, "by 2002, 50% of online consumers will utilize the Internet in their research and selection of financial services; most of those consumers will also perform financial transactions over the Internet, including purchasing financial products (e.g., insurance, CDs, loans), receiving and paying bills, and stock trading. Financial institutions that have established their Website as a 'touchpoint' (i.e., a 'must visit' site) for their consumers will be able to participate in and help guide selection of financial products."
"Establishing a strong online presence has become a critical business requirement and market leaders like Toronto Dominion continue to look for ways to enhance their Web capabilities," said Joe Ruck, senior vice president of marketing at Interwoven. "It's key that enterprises develop a scalable infrastructure that can leverage all assets from multiple contributors. Content Infrastructure's benchmarked scalability with initiatives, assets and people is a unique differentiator."
For more information on Interwoven's scalability, please see http://www.interwoven.com.tw/news/press/2001/1010intelpr.html
In Canada and around the world, TD Bank Financial Group serves more than 13 million customers in four key areas: personal banking, commercial banking, wealth management (including self-directed brokerage) and investment banking. Canada's leading retail financial services firm, TD has more than 1,300 retail outlets in Canada through TD Canada Trust, and more than 180 branches around the world through TD Waterhouse Group, the world's second largest self-directed brokerage, 89%-owned by TD Bank. TD is also among the world's leading on-line financial services firms, with more than 3.8 million on-line customers. TD had CDN$295.8 billion in assets, as of July 31, 2001, and trades on the New York and Toronto Stock Exchanges under the symbol "TD".
Interwoven, Inc. (Nasdaq: IWOV) is the world's leading provider of Content Infrastructure software. Its content infrastructure product suite includes content aggregation, content collaboration, content management, content intelligence and content distribution. Its products are the de facto standard for more than 700 Global 2000 companies including British Airways, Cisco Systems, General Electric, General Motors and Philips. Interwoven teams with the leading best-of-breed eBusiness application providers to provide customers an end-to-end platform for eBusiness. For more information on Interwoven and its proven XML-based content infrastructure solutions, visit the Interwoven Website at www.interwoven.com.tw .
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