interwoven (See interweave)
interlace by or as it by weaving [syn: weave] [ant: unweave] [also: interwoven, interwove]interwoven adj :
linked or locked closely together as by dovetailing [syn: interlacing, interlinking, interlocking]
- Rhymes: -əʊvən
- past participle of interweave
Interwoven, Inc., is an enterprise software company headquartered in San Jose, California, USA and founded in 1995.
Products and customersThe company is mainly known for its content management system TeamSite, used to create complex intranet and Internet websites for enterprises. Interwoven claims to have over 3900 organizations as customers, including AT&T, BT, Coca-Cola, Ford, General Motors, Microsoft, Motorola and Time Warner. It claims to have created a network of system integration and marketing partners (including Accenture, Deloitte and IBM) as well as development and technology partners (including Adobe, EMC, Microsoft, SAP and Sun Microsystems) around its products.
CompetitorsInterwoven's main competitors in the enterprise content management business include Vignette Corporation with its Vignette product suite, Open Text Corporation (Livelink), Xerox Corporation (DocuShare), IBM (FileNet), Microsoft (SharePoint) and Broadvision.
Foundation to initial public offeringThe company was founded in 1995 by Singaporean entrepreneur Peng T. Ong who became Interwoven's first chairman, and later went on to found Encentuate. In its private startup phase the company was backed by Foundation Capital, Draper Fisher Jurvetson, Accel Partners and other venture capital co-investors including Internet entrepreneur Gary Kremen.
On October 8, 1999 Interwoven went public on NASDAQ at $17.00 per share with Credit Suisse First Boston as the lead underwriter of the offering. In November 2001 the IPO and a follow-on public offering were challenged in a class-action lawsuit, based on the allegation that the official prospectus filed with the SEC contained false and misleading statements as it did not disclose connections between the underwriters and other investors and customers of Interwoven.