SUNNYVALE, Calif. - March 23, 2004 - Interwoven Inc. (Nasdaq: IWOV), the world's next-generation enterprise content management (ECM) company, today announced the Interwoven Deal Management solution, a comprehensive software solution for managing proposals, contracts, negotiations, and correspondence, particularly e-mail, that comprise today's high-value transactions. The solution enables deal teams distributed around the globe comprised of enterprise professionals-bankers, account executives, financiers, and brokera and dealers-to collaborate on document-intensive deals from inception to execution. By increasing deal team efficiency and improving client management, leading companies like Bear Stearns and Rothschild Inc. have dramatically accelerated the deal cycle, increased employee productivity, better-leveraged organizational knowledge, and met regulatory compliance challenges.

Rothschild is a leading international investment bank with offices in over 30 countries and more than 2000 employees worldwide. "One challenge was to enable our investment bankers to work more efficiently and to collaborate more effectively across offices," said Jerry Kaiser, director of systems for the Americas at Rothschild. "And Interwoven WorkSite helped us do that. We are more effective working on deal-related information and are better at managing risk and meeting regulatory compliance standards."

Meeting Today's Corporate Deal Management Challenges

According to a recent IBM Business Consulting Services survey, 83% of CEOs are refocusing their organization's energies on top-line revenue as their primary objective over the next three years. Yet given the corporate downsizing over recent years, revenue growth will require significant increases in sales force efficiency and in the process to conceive, develop, process, and execute corporate deals. The Interwoven Deal Management solution is designed to deliver on this promise by enabling deal teams and management teams to realize value in several ways:

- Accelerating the Deal Cycle: The Interwoven solution accelerates the deal cycle by increasing the efficiency of the fundamental way dealmakers work - in dynamic teams that ebb and flow during the course of a transaction. Together, deal teams comprised of bankers, sales executives, analysts, administrators, lawyers, and executive management both within and outside an enterprise can work off the same set of documents, capture critical e-mail, set group milestones, drive review and approval workflows, and maintain absolute security of process and information. One example is a leading enterprise in the commercial mortgage industry that has cut its deal cycles by 40% simply by improving their team collaboration around their document-intensive deal process.

- Increasing Employee Productivity: While team-based productivity is essential to the overall deal process, individuals will not adopt new technologies if it means that their days get longer or their tasks become more complex. The Interwoven solution's focus on driving individual productivity, whether by leveraging e-mail as a primary basis for getting work done or by the market-leading usability of the system, leads to rapid adoption across the enterprise. Interwoven's personalized interface provides individuals juggling multiple deals simultaneously with a deal dashboard that indicates deal status, deliverables, and new actions taken by their colleagues to push the deal forward and provides management with deal status report to better enable prioritization ofactions. At Rothschild, the real estate and asset management organizations adopted the solution after seeing success in the mergers and acquisitions practice.

- Leveraging Organizational Knowledge: Organizations do not gain market leverage by re-inventing deal knowledge and processes with every new transaction. Deal teams need access to standard documents and specialized industry, sector, or transaction knowledge and documentation to improve not only the efficiency, but also the decision-making involved in structuring, advancing, and executing a deal. Further, at the conclusion of a transaction, team members can reciprocate easily by publishing key final documents to corporate knowledge bases. The result is an organization than can better standardize its deal processes and leverage important information to improve their competitive position. One Interwoven customer example is a leading private equity firm utilizing the solution to create and maintain industry sector research to guide investment and asset management decisions.

- Meeting Compliance Challenges:,In an era of corporate scandal, every significant transaction represents a potential liability for today's enterprise. The Interwoven solution allows enterprises to standardize deal processes and retain and archive all critical documentation contracts, proposals, financial models, and e-mails, and all their versions-at the conclusion of a deal to meet key compliance challenges and drive down the risk of non-compliance. An example is another leading investment bank, whichutilizes the Interwoven solution to standardize its deal process and meet critical SEC guidelines.

"While sales force automation applications have been widely adopted to capture customer information, they have failed to help deal teams drive complex, document-intensive, high-value transactions more effectively," said Chris Cummings, vice president of sales and distribution solutions at Interwoven. "Interwoven's Deal Management solution is built by the enterprise professional for the enterprise professional to work the way they work, and to help them deliver on their top responsibility for their organization-closing more business faster."

A Proven, Scalable Solution

The Interwoven Deal Management solution allows deal teams to automate their deal process from inception to execution. At its core is WorkSite MP Collaboration and Document Server software-the industry's only Java-based product built from the ground up for Web environments-which provides a team-based environment for coordinating and centralizing the capture of key customer documents, working documents including financial models, valuation analyses, due diligence and contracts, team processes such as executive, legal, and financial approvals, and all critical e-mail correspondence surrounding the deal. WorkSite MP's unique security model provides a secure environment for teams comprised of individuals inside and outside of the organization, such as external legal counsel, consultants and financial advisors, to execute their work.

The solution can be extended with additional Interwoven product to deliver business process management, automated document classification and records management and retention logic to meet critical compliance protocols and standards. Both Interwoven and its consulting partners provide value-added services in the form of deal dashboards, deal checklists, and deal space templates. Additionally, leading technology partners in the scanning / imaging, wireless messaging, and enterprise portal sectors have developed integrations to WorkSite MP to complete the solution.

Availability

The Interwoven Deal Management solution is available from Interwoven today. For a full list of product features and benefits, visit http://www.interwoven.com.tw/solutions/deal_management/index.html.

To learn more about the Interwoven Deal Management solution, there will be a complimentary Webinar entitled, "Increasing Revenues by Accelerating the Deal Cycle: The Rothschild Story," on Tuesday, April 6, 2004 featuring Jerry Kaiser, director of systems at Rothschild. To register visit http: http://www.interwoven.com.tw/events/online/deal/index_press.html. Interwoven, Inc. is the world's next-generation enterprise content management (ECM) company. Interwoven's patented, award-winning ECM platform integrates the six pillars of content management: collaboration, e-mail management, document management, Web content management, digital asset management, and records management. Allied with the leading enterprise application providers, the Interwoven ECM platform provides complete, end-to-end content management for more than 2,700 organizations worldwide including Air France, Citibank, Ford, General Electric, Jones Day, Pfizer, Procter & Gamble, and Yamaha. For more information visit www.interwoven.com.tw.