SEATTLE, Wash. and SUNNYVALE, Calif. - October 22, 2001 -Washington Mutual's Home Loans & Insurance Services Group, the nation's leading mortgage lender, and Interwoven, Inc. (NASDAQ: IWOV), the leading provider of Content Infrastructure, today announced the successful implementation of Interwoven's Content Infrastructure product suite for three internal and external Washington Mutual Websites. Interwoven's Content Infrastructure product suite allows for all content contributors, regardless of the employee's technical skill or organizational role, to easily add content to the Web.
Interwoven's content collaboration and content management functionalities enable Washington Mutual (WaMu) contributors to work in parallel in a virtual development environment while extending contribution throughout the enterprise without any loss of operational control. Its ability to empower non-technical contributors and to change and deploy time-sensitive financial information quickly and easily to all three sites is another key benefit to WaMu.
"By giving business users ownership of content, Washington Mutual can continue to deliver timely and relevant financial information to employees and customers with peak effectiveness," said Genevieve Smith, executive vice president of eCommerce and marketing for Washington Mutual's Home Loans & Insurance Services Group. "This allows WaMu to maximize user efficiency and to bring greater productivity to our organization."
With Content Infrastructure, Washington Mutual contributors can now easily collaborate and update any part of the Website. By empowering contributors to become content owners, business owners can efficiently and quickly publish financial information thus creating an accurate and up-to-date Website.
"Interwoven's Content Infrastructure has given Washington Mutual the ability to easily add content to their Websites," said Joe Ruck, senior vice president of marketing at Interwoven. "By empowering employees to be content contributors we have increased productivity and taken eBusiness to the next level."
Interwoven, Inc. (Nasdaq: IWOV) is the world's leading provider of Content Infrastructure software. Its content infrastructure product suite includes content aggregation, content collaboration, content management, content intelligence and content distribution. Its products are the de facto standard for more than 700 Global 2000 companies including British Airways, Cisco Systems, General Electric, General Motors and Philips. Interwoven teams with the leading best-of-breed eBusiness application providers to provide customers an end-to-end platform for eBusiness. For more information on Interwoven and its proven XML-based content infrastructure solutions, visit the Interwoven Website at www.interwoven.cn .
With a history dating back to 1889, Washington Mutual (NYSE: WM) is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At June 30, 2001, Washington Mutual and its subsidiaries had consolidated assets of $229.30 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial services offices throughout the nation.
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