Leader in Enterprise Web Production Attracts Industry Veterans to Fill Key Management Positions

SUNNYVALE, Calif., March 30th, 1999 Interwoven, Inc., the leading provider of Enterprise Web Production software (EWP), today announced the addition of three new members of the management team: David M. Allen as of chief financial officer, Joe Ruck as vice president of marketing and Jeffrey Engelmann as vice president of business development. The hiring of three senior executives enables Interwoven to accelerate its growth path, advance its market leadership and expand its strategic alliances.

"Im delighted to welcome David, Joe and Jeffrey to our management team," said Martin Brauns, president and chief executive officer of Interwoven. "They are seasoned industry veterans with impressive track records. As the market leader in Enterprise Web Production, we have set aggressive business goals, and these three executives have the drive and experience to help us attain them."

"The growth prospects for Interwovens Enterprise Web Production products and services are enormous," said David Allen, Interwovens vice president and chief financial officer. "What makes Interwoven such a compelling company is its focus on customer satisfaction and its belief in business fundamentals. These are values that will withstand the test of time."

Prior to joining Interwoven, Mr. Allen was the CFO of Objective Systems Integrators, Inc. (Nasdaq:OSII), a leading provider of software solutions for the telecommunications industry. Previously, Mr. Allen was CFO of Telecommunications Techniques Corporation (TTC), a Maryland-based communications test equipment manufacturer. A certified public accountant, Mr. Allen also holds a B.S. degree in accounting from the University of Maryland.

Joe Ruck, Interwovens vice president of marketing, said, "The emergence of mission-critical Web sites has opened up the market for a new class of enterprise software that can simultaneously control content while deploying powerful e-commerce applications all in a real-time environment. Its an exploding market and Interwoven is in the thick of it. Im very pleased to be part of such an exciting opportunity."

Mr. Ruck comes to Interwoven from Genesys Corporation (Nasdaq:GCTI), where he served as vice president for customer marketing. Prior to Genesys, Mr. Ruck served in various senior sales and marketing capacities at Network Appliance and Sun Microsystems. He holds a B.S. in mechanical engineering from Oregon State University and an M.B.A. from the University of Santa Clara.

Jeffrey Engelmann, vice president of business development, describes the upcoming year as a period of continued rapid growth for Interwovens strategic alliances. "Many systems integrators and Web interactive firms already see TeamSite as a critical component of their customers overall Web production process," said Engelmann. "As more and more industry solution providers select Interwoven software as the industry leading way to build large Web sites for their customers, Interwoven will become the industry standard. I look forward to leading Interwoven in this very important expansion effort."

Prior to joining Interwoven, Mr. Engelmann spent nearly ten years at IBM (NYSE:IBM). His most recent position at IBM was executive operations officer of the Internet Division; earlier positions included business unit sales executive, internet solution architect manager in IBMs E-Business Solutions group. Mr. Engelmann holds a B.S. in chemical engineering and B.A. in computer science from the University of Wisconsin - Madison.

About Interwoven

Interwoven, Inc. is the leading provider of software for Enterprise Web Production (EWP), managing the creation, development and deployment of large, dynamic Web sites. Interwovens flagship product, TeamSite, supports Web content management, application development and workflow for enterprise Web development. For more information, visit the Interwoven Web site at www.interwoven.cn or email info@interwoven.com.

###

Interwoven, TeamSite, SmartContext, OpenDeploy and the Interwoven logo are trademarks of Interwoven, Inc., which may be registered in some jurisdictions. All other trademarks used are owned by their respective owners.