AskDefine | Define interwoven

Dictionary Definition

interwoven (See interweave)
v : 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]

User Contributed Dictionary

English

Pronunciation

Verb

interwoven
  1. past participle of interweave

Extensive Definition

Interwoven, Inc., is an enterprise software company headquartered in San Jose, California, USA and founded in 1995.

Products and customers

The 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.

Competitors

Interwoven'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 offering

The 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.

Dot-com boom

In the years of the dot-com bubble the company made news by offering huge hiring incentives, in order to compete for talented people with other startup companies in Silicon Valley. At one point in early 2000, it promised to give new BMW Z3 sports cars to the next 20 new engineers coming to Interwoven and staying with the company for at least a year.

Notes and references

Synonyms, Antonyms and Related Words

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