SUNNYVALE, Calif. - December 20, 2001 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of Content Infrastructure, today announced that it has won Transform Magazine's "2001 Product of the Year" for Enterprise Content and Collaboration Technology. The only content management vendor to win, Interwoven was chosen from among 24 content and collaboration technology provider finalists.

According to Transform Magazine, Interwoven succeeded in addressing the needs of the Global 2000 including scalability, globalization, portal integration, XML authoring, digital asset management and conventional document management. Industry analysts state that Interwoven is clearly broadening the definition of Web content management.

In selecting the award finalists, Transform Magazine looked for innovations in technology and, to a lesser extent, market success. In addition to examining products in their lab and speaking with end-users for feedback on ease of deployment and business impact, Transform Magazine sought input from distinguished industry experts from organizations such as Aberdeen Group, Doculabs, Forrester, Gartner Group, Giga Information Group, IDC, Meta Group, Ovum Research and Patricia Seybold Group.

"It is an honor to have been selected for the prestigious Transform Magazine 2001 Product of the Year award," said Martin Brauns, president and CEO of Interwoven. "The market truly embraced the launch of Interwoven's Content Infrastructure earlier this year, and our customers have testified to our superior technology as well as recognized tangible business benefits as a result of implementing the best content management solution available on the market today."

Interwoven introduced several new modules in 2001 that "gave the product an edge," according to Transform Magazine. Recently Interwoven announced MetaTagger software, a product that automatically suggests categories and attributes for content and provides a workflow that ensures that tagging is performed. Another product released earlier this year, Interwoven OpenSyndicate software, provides support for accepting streamed content from external sources and sending and administering streamed content to subscribers.

For more details on the Product of the Year Award please see www.transformmag.com .

Transform Magazine is the definitive publication for business and IT managers implementing content and collaboration products and strategies. It is the only publication that addresses the full lifecycle of corporate content, from capture to data management to delivery and storage.

CMP Media LLC is a leading high-technology business-to-business multimedia company that provides essential information and integrated marketing services to technology and healthcare professionals worldwide.

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 .