Customers and Analysts Share Broad Support and Excitement for Interwoven's Acquisition of Discovery Mining
Interwoven Now Delivering Innovative Solution to Significantly Streamline and Simplify the eDiscovery
ILTA 2008 CONFERENCE, DALLAS - August 25, 2008 - Interwoven, Inc. (NASDAQ: IWOV), a global leader in content management solutions, has received strong validation from its customers and analysts regarding the recent acquisition of eDiscovery provider Discovery Mining. With this acquisition, customers now have access to a comprehensive eDiscovery solution from a recognized market leader with a global footprint, a proven track record of innovation and execution, and a deep commitment to the legal market.
"Our key stakeholders see this acquisition as a strategic move for Interwoven, recognizing the industry insight that we'll provide to the eDiscovery market," said Joe Cowan, CEO of Interwoven. "They also recognize the value it can deliver to professional services firms, as we continue to add to our already comprehensive set of content management solutions to organize, find, and govern firm content. We're pleased with the reaction to the acquisition, and we'll continue our laser focus on remaining a trusted partner to the firms who have Interwoven at the core of their practice."
Interwoven Discovery Mining's Software-as-a-Service offering provides a reliable and comprehensive service to process, host, review, and produce discovery documents related to litigation, internal investigations, regulatory responses, and mergers and acquisitions. This further extends Interwoven's offerings - the legal industry's de facto standard for organizing, finding, and governing matter content - by adding a service for managing eDiscovery that can:
Quickly scale as data volumes increase through a Software-as-a-Service model that eliminates the need for the firm to invest in data processing power;
Present data in a way that is simple to review and access via an intuitive interface for ease of use - users can review and assess information from a web browser with nominal training;
Manage and produce data so it can easily be exported to third parties or litigation support systems; and,
Offer predictable timeframes and pricing through well-defined methodology and skilled project management teams with proven experience in complex litigation and investigations.
Key Stakeholders Show Strong Support of Acquisition "Our lawyers - and even our clients - see the value of the Interwoven Discovery Mining solution to provide the results needed to get our jobs done quickly and efficiently," said Joan Washburn, director of litigation support for Holland & Knight LLP. "Interwoven's vision for providing firm-wide information management solutions that make firms operate more effectively confirms we made the right decision in selecting Interwoven as a technology partner."
"I am excited at the prospect of having a single technology provider that not only will have the capability to store the firm's documents and e-mails, but also our client's production documents," said Laura Bandrowsky, practice support director for Duane Morris LLP. "Interwoven's acquisition of Discovery Mining is something that every firm who uses document management and eDiscovery solutions will benefit from."
"Growing amounts of digital information combined with ever changing legal regulations across borders makes eDiscovery a challenge for any firm," said Reza Alexander, litigation and practice support manager for DLA Piper UK LLP. "The scale of Interwoven's document and e-mail management capabilities were already robust, and with the addition of Discovery Mining's turnkey solution, DLA Piper can better manage the review of large volumes of electronic information, regardless of language - with greater consistency and lower costs, whilst at the same time mitigating against the unique and complex European eDiscovery data protection issues."
"Delivering eDiscovery as Software-as-a-Service is one of the best ways to accurately analyze and search large amounts of data in a cost-efficient and timely way, with little to no infrastructure investments for law firms and corporations," said Vivian Tero, Program Manager of IDC. "With Discovery Mining, Interwoven now offers a comprehensive suite dedicated to the professional services industry, and is an important element to defining the future of legal technology solutions."
Discovery Mining Ranked in 2008 Socha-Gelbman Electronic Discovery Survey Discovery Mining was recently ranked as a Top Provider in the 2008 Socha-Gelbman Electronic Discovery Survey. This report reinforces Interwoven Discovery Mining as a market leader in eDiscovery based on the substantial growth and product innovations made in 2008. The survey includes data from more than 115 organizations in the forefront of e-discovery, including leading law firms and Fortune 1000 corporate legal departments. For more information or to purchase a complete Socha-Gelbman Electronic Discovery Survey, go to http://www.sochaconsulting.com.
Interwoven will be showcasing the Interwoven Discovery Mining offering, along with its other industry-leading solutions, at the ILTA 2008 Conference in the Dallas area. Conference attendees can find Interwoven and Interwoven Discovery Mining at booth #601 and booth #1223.
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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