CSFB Implementation Recognized for 250% Efficiency Gains and Estimated $5 Million Annual Savings Using Interwoven Enterprise Content Management

SUNNYVALE, Calif. - June 27, 2002 - Interwoven, Inc., (Nasdaq: IWOV), the leader in Enterprise Content Management, today announced that together with customer Credit Suisse First Boston, has won CMP Media's Intelligent Enterprise and Transform Magazine prestigious RealWare Special Merit Award. The RealWare Awards recognize real world solutions that produce outstanding return on investment and innovative use of information technology in the enterprise.

"It is an honor that Interwoven's real world enterprise content management implementation at CSFB has been distinguished as one of the best in the industry," said John Van Siclen, COO for Interwoven. "I believe that our ability to scale to the complex ECM needs of a world-class financial institution like CSFB and at the same time help them quickly demonstrate significant ROI is in itself an accomplishment and worthy of recognition."

Commended for their exceptional implementations of technology in the enterprise, the companies chosen for the RealWare honors demonstrated a high level of innovation and significant business impact. Interwoven customer Credit Suisse First Boston (CSFB) was profiled for the "Special Merit Award: Web Content Management Implementation" award detailing the selection process, highlighting the Interwoven technology and services that underpinned their enterprise-wide implementation.

Interwoven enterprise content management has been implemented on CSFB's 3,500 externally facing online properties, and since the implementation CSFB has seen dramatic improvements to their sites as well as significant efficiency gains. Total cost savings in IT contracting fees is projected to reach $5 million even while CSFB will be ramping up its site production by as much as 250%.

Interwoven continues to be recognized as an industry leader in enterprise content management. In April 2002, in partnership with Deere & Company, won KM World's Best Practice Award. And in December of 2001, Interwoven won Transform Magazine's Product of the Year 2001 for Enterprise Content & Collaboration Technology. In a Q4 2001 survey, Forrester Research asked 874 North American senior executives, "From which vendors will your company consider purchasing content management software?" Interwoven was cited among the vendors being considered by these executives. The findings are detailed in a March 2002 Forrester brief entitled, "Companies' Plans for Content Management in 2002," now available on Interwoven's Website at http://www.interwoven.com.tw/company/features/forrester/index.html

Read about all the winners in each of the RealWare categories at http://www.realwareawards.com .

About CMP Media, LLC
CMP Media LLC ( www.cmp.com ) is a leading high-tech media company providing essential information and marketing services to the entire technology spectrum: the builders, sellers and users of technology worldwide. Intelligent Enterprise ( www.IntelligentEnterprise.com) is the only IT publication focused exclusively on planning and deploying strategic business applications that turn information into intelligence. Transform Magazine ( www.transformmag.com ) is the definitive publication for business and IT managers implementing content and collaboration products and strategies. Visit www.cmp.com to learn more about these and other CMP products including newspapers, magazines, Internet products, research, direct marketing services, education and training, trade shows and conferences, custom publishing, testing and consulting. For more information, contact Tara Gibb at 650-513-4566 or tgibb@cmp.com.

About Interwoven
Interwoven, Inc. (Nasdaq: IWOV) is the world's leading provider of Enterprise Content Management software. The Interwoven 5 platform provides complete content lifecycle services including Content Processing, Content Management, Content Intelligence, Content Production and Content Distribution. Its products are used by more than 1000 global organizations including British Airways, Cisco Systems, General Electric, General Motors and Singapore Airlines. Interwoven teams with the leading best-of-breed enterprise application providers to provide customers complete, collaborative business enterprise solutions. Recently, Interwoven won Transform Magazine's "2001 Product of the Year" award for Enterprise Content and Collaboration Technology. For more information on Interwoven and its proven XML-based ECM solutions, visit the Interwoven Website at www.interwoven.com.tw .

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