Red Herring Editors Select Interwoven as One of the Top Private Companies in the Digital Economy

SUNNYVALE, Calif., May 17, 1999 - Interwoven, a leading provider of content management software for the enterprise Web, today announced its selection by Red Herring magazine as one of the top 50 private companies in the technology industry . Interwoven will be included in the Red Herring 100, the publications prestigious annual list, which is featured in the June 1999 Digital Universe issue.

With this list, the Red Herring presents the brightest stars in the digital firmament. The selected companies dominate the various sectors of the technology industry, setting the standards for their peers and developing the products and services that will change the way business is done. In choosing its companies, Red Herring looked at criteria ranging from vision, management and innovative business strategies to the companys marketing techniques, the track record of its venture investors and the strength of its partnerships all of which impact the companies abilities to effect change in the new economy.

"We hold technology companies to an entirely different set of standards standards that prove to us that they are innovators, agents of changes and leaders truly affecting the construction of the digital economy," said Jason Pontin, editor of Red Herring. "We see that the emerging networked economy is one that requires vision, innovation and proven expertise, and we think our list encapsulates the companies that have put these qualities to work."

"The Red Herring 100 is impressive company to keep, and inclusion in this list is confirmation of Interwovens outstanding growth and achievements," said Martin Brauns, CEO of Interwoven. "As the platform for eBusiness, our goal is to provide enterprises large and small with the most innovative and effective software solutions for their Web-based businesses. We are proud to be recognized by The Red Herring for our success in these efforts." A complete list of the 1999 Red Herring 100 Companies, including a profile on Interwoven, is available in the June issue of Red Herring, available on newsstands May 18, and can also be found on the World Wide Web at www.redherring.com .

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 .