Coveted UPSIDE Hot 100 Award Recognizes Innovation, Leadership and Performance

SUNNYVALE, Calif., May 14, 1999 - UPSIDE magazine today announced that Interwoven, a leading provider of content management for the enterprise Web, has been selected to receive the 1999 Hot 100 Award, UPSIDE's annual award recognizing excellence and innovation among the hottest technology industry startups.

UPSIDE will publish the Hot 100 Award winners in its June 1999 issue, which is devoted almost entirely to profiling the winning companies. The UPSIDE Hot 100 Award winners were unveiled today this week at UpsideToday.com.

The 1999 UPSIDE Hot 100 were selected by a team of UPSIDE editors, venture capitalists, financial analysts, market researchers and other industry luminaries who evaluated more than 800 nominations. The UPSIDE Hot 100 Award is judged on a company's technological achievements, customer acceptance of products or services, financial performance, industry partnerships, financial backing, management savvy and marketing.

"Selecting this year's UPSIDE Hot 100 was particularly challenging for our team of editors and advisers, given the fierce market conditions led by a flood of mergers, acquisitions and IPOs that disqualified many of our early selections," said David Bunnell, CEO of Upside Media and editor of UPSIDE magazine. "We spent many months evaluating each company's achievements before selecting the 100 to receive this industry award. UPSIDE felt that Interwoven has what it takes to be considered among the 'hottest' private companies around, and we look forward to watching its future performance."

"The UPSIDE Hot 100 affirms the recognition we have already received from our extensive customer base, many of whom are Web leaders in their own right," said Martin Brauns, CEO of Interwoven. "Interwoven's ongoing innovation in content management for the enterprise Web is making us the platform for eBusiness."

Interwoven, Inc. is a leading provider of content management for the enterprise Web. Its flagship product TeamSite manages the creation, development and deployment of large, dynamic Web sites. TeamSite provides a platform for building eBusiness programs such as electronic commerce, customer relationship management, supply chain management and knowledge management for Web leaders and Fortune 1000 companies moving to the Web. TeamSite is available for both the Sun Solaris and Microsoft NT operating systems. For more information on the company and its software solutions, visit the Interwoven Web site at www.interwoven.cn or e-mail info@interwoven.com .