Interwoven Named 2007 Vendor of the Year by Operations Management
Interwoven Peer to Peer Recognized as Innovative, Hosted Platform for Secure and Message-Agnostic Trade Communication
SAN JOSE, Calif., - November 5, 2007 - Interwoven, Inc. (NASDAQ: IWOV), a global leader in content management solutions, today announced that it has been named the Vendor of the Year in the sixth annual Operations Management Awards for Excellence. Interwoven was recognized for its innovative contribution to capital markets technology by Operations Management, a leading monthly publication which provides news and analysis on the back-office issues faced by broker/dealers, investment adviser firms, and custodian banks in the US and around the world.
Operations Management highlighted Interwoven Peer to Peer (P2P™) as the key vendor innovation of the year. Interwoven P2P is designed to enable financial services institutions to streamline their trade processing by standardizing communication between counterparties and market participants while retaining a highly flexible data format. Interwoven P2P was recognized for its innovative design and versatility, which enables broker-dealers, prime brokers, specialized commodities traders, and asset and portfolio managers to automate and streamline their market communications needs.
The solution allows market participants to send bilateral messages using any data format, transport mechanism, or messaging protocol. Trade messages are transmitted directly and confidentially between any two counterparties, eliminating the need for an intermediary hosted message broker –a key advance on current messaging systems. Within the same cost-effective, out-of-the-box message infrastructure, Interwoven P2P provides the ability to use any existing standard, or exchange custom messages between two parties.
Interwoven P2P is also incorporated in the recently announced Interwoven DealConnect for DTCC solution, which allows firms to connect with the Trade Information Warehouse from the Depository Trust & Clearing Corporation.
Jeanene Timberlake, managing editor at Operations Management commented: "In a sea of hosted messaging solutions, the ability to communicate one-to-one is a novel option. With its launch in the fall of 2006, when the issue of manual derivatives processing was still fresh in the minds of back-office operations executives, Interwoven's P2P platform was a well-timed solution."
"Interwoven is thrilled to receive the Operations Management Award of Excellence in recognition of our achievements after a year of strong growth and innovation," said Jos Stoop, vice president and general manager of global capital markets at Interwoven. "This success is the result of our continued focus on delivering targeted solutions that meet the unique requirements of the global capital markets community. Interwoven P2P
is a perfect example of this strategy at work, as the solution enables organizations to keep pace with the growing volume of trade activity, while at the same time reduces risk."
For more information on Interwoven's solutions for global capital markets, please visit www.interwoven.com/gcm.
About Interwoven
Interwoven, Inc. (NASDAQ: IWOV) is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Over 4,700 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 25,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit www.interwoven.com.
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