Redherring.com Selects Interwoven's Content Management Solutions to Meet the Critical Business and Information Needs of Site Visitors

Business Wire, May 1, 2000

Business Editors/Hi-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--May 1, 2000

Interwoven TeamSite to Help Redherring.com Meet Plans for Rapid

Growth and Increasingly Interactive and Dynamic Web Experience

Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management software, announced today that Redherring.com (www.redherring.com) has selected Interwoven TeamSite as its content management solution. They will be using TeamSite to accelerate the development of Redherring.com, including an aggressive site build-out to provide an ever-richer set of content, tools and experiences to meet users' critical business and information needs.

"Redherring.com currently delivers more than 8.9 million page views per month and has increased its editorial output by 370% in 1999," said Mike Millikin, senior vice president of Redherring.com. "To continue that growth and meet our plans to provide additional services to our online customers, we needed an open content management system that could scale rapidly and seamlessly integrate with the ATG Dynamo product suite and other best of breed applications."

Redherring.com blends strategic business data with the unique Red Herring insider perspective to create an online, interactive link between business, technology and capital. Interwoven TeamSite software provides Redherring.com a system to rapidly develop and manage Web content and code in multiple, parallel development streams. TeamSite's hybrid architecture will allow Red Herring to manage all Web assets in a single content management platform including database content, HTML, Quark files, streaming video and Web application code. Redherring.com will take advantage of TeamSite's advanced workflow to create a smooth development and approval process that will support their goal of maintaining a content-rich, interactive Web channel.

"Redherring.com is focused on creating a dynamic online community which includes access to critical information via content, online tools, and services," said John Van Siclen, vice president of corporate development and product marketing. "By harnessing TeamSite's open, scalable architecture they will continue their service leadership and remain the premier destination for venture capitalists, investors and technology entrepreneurs."

About Redherring.com

Redherring.com is your Internet destination for original, leading-edge analysis and commentary about the business of technology. With unmatched depth of analysis and insider perspective, Redherring.com explains how technology business news and events affect you, your industry, the economy, the stock market, and your portfolio. We provide news, pre-IPO and IPO company tracking, business and investing information, and insight on the latest events and trends pushed to your inbox in the form of email newsletters.

About Red Herring Communications

Red Herring Communications, a privately held San Francisco-based company, is a fully integrated network of media properties connecting and enabling the technology empowered business builders and leaders, ideas and technologies that are shaping and reshaping business today. Red Herring magazine, Redherring.com, Red Herring TV and Red Herring Events are each a crucial conduit of information, analysis and opinion, between the vision of Silicon Valley and the power of corporate America, alongside the global business environment.

About Interwoven, Inc.

Interwoven, Inc. (Nasdaq: IWOV) the leading provider of enterprise-class content management software. Its flagship product, TeamSite, controls the development, management and deployment of business-critical Web sites. Interwoven solutions are based on an inclusive content architecture that empowers all content contributors and leverages diverse Web assets including XML, Java, rich html, multimedia and database content. TeamSite is available for both the Sun Solaris operating system and Microsoft Windows platform. For more information on the company and its software solutions, visit the Interwoven Web site at www.interwoven.com or e-mail info@interwoven.com