Rapid Acceleration of New Customers and Service Capacity in Six Months since Acquisition Completed
NEW YORK - February 2, 2009 - NEW YORK Today at the LegalTech New York 2009 trade show, Interwoven, Inc. (NASDAQ: IWOV), a global leader in content management solutions, announced that revenue tied to Discovery Mining has nearly doubled since it was acquired by Interwoven last August. Other metrics highlight the exceptional growth for Interwoven’s hosted document review service, including 86% growth in online storage capacity, 200% increase in gigabytes of data processed, three-times the increase in the number of searches performed, and a 100% increase in the average case size compared to first seven months of 2008 prior to the Interwoven acquisition.
"Our ability to manage significantly larger cases and increased data volume underscores the scalability and adaptability of our Discovery Mining platform and process," said Chris Junker, vice president and general manager, Professional Services Industry Solutions at Interwoven. "Interwoven really demonstrated how its deep reach into global law firms and corporate legal departments could help drive business."
At Interwoven’s recent Board of Advisors customer meeting, eDiscovery veteran, Laura Bandrowsky, practice support director for Duane Morris LLP, stated her support of the Discovery Mining platform and roadmap: "The discovery phase of litigation is so crucial, often determining whether a case is settled or proceeds. Discovery Mining continues to prove that the right technology solution could really make a difference for lawyers and our clients. And what I have seen of the product roadmap has made me excited about the future."
Also last year, in the Socha-Gelbmann Electronic Discovery Survey, Discovery Mining was ranked by law firms as a top five provider of eDiscovery services.
The Interwoven booth at the the LegalTech New York 2009 trade show is #2003, on level two of the America’s Hall. For additional information on Interwoven, visit www.interwoven.com.
Note: On January 21st Interwoven announced that it has signed a definitive agreement to be acquired by Autonomy. The acquisition brings together two leaders who share a vision to fundamentally change the way organizations discover, analyze and manage information. The combined company will have more than 2,000 employees and 20,000 customers around the world. For more information please visit http://www.interwoven.com/components/pagenext.jsp?topic=NEWS::RELEASES&dcr=components/autonomy.jsp Autonomy acquistion.
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.
Summary: ...of strong support resources in the Asia-Pacific region make it the ideal technology partner for our rapidly growing firm.” About Interwoven Interwoven (NASDAQ: IWOV) is a global leader in content management solutions. Interwoven’s software and services enable organizations to maximize online business...
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Summary: ...valuable as well.” 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, fnd, and govern business content. Interwoven solutions unlock the value...
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This is a small selection of the Autonomy White Papers available, please visit our publications site at http://publications.autonomy.com/ for more information.
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