Interwoven Given High Marks for Superior Company Vision, Open, Standards-Based Technology, and Excellent Partner Relationships

SUNNYVALE, California - July 22, 2002 - Interwoven, Inc. (Nasdaq: IWOV), the leader in Enterprise Content Management, today announced that it has been ranked as a market leader in META Group's recently released METAspectrumSM for Web Content Management. META Group (Nasdaq: METG) is a leading research and consulting firm that focuses on information technology and business transformation strategies.

"Interwoven ECM is a proven technology and the choice of more than 1000 leading enterprises around the globe - and our strength in WCM paved the way for our ultimate success in the broader ECM market," said John Van Siclen, president and CEO of Interwoven. "We are thrilled that our innovation and visible traction in the industry are being recognized, most notably our open, XML and leading standards-based technology as well as our increasing market presence."

The METAspectrum evaluation provides an objective assessment of companies providing products and services used to manage enterprise content. METAspectrum results are based on a rigorous process that leverages a multitude of sources including primary end-user research, vendor surveys and interviews, secondary source analysis, overall market data, financial data, and industry-wide best practices to generate the rating scores within the final report. The report provides companies with a fair evaluation of supplier strengths and weaknesses and a complete view into each vendor's relative leadership position.

"META Group considers WCM systems key to empowering business users to create Website content, provide processing to ensure the approval of all content and maintain its consistency throughout the content lifecycle," said Andy Warzecha, senior analyst with META Group. "Over the next 12 months, our research indicates that we expect many leading vendors in this market to embrace the overarching "enterprise content management" theme, leaving a mix of pure WCM solutions and a larger ECM market."

Two sets of criteria were used for the METAspectrum on Web Content Management: presence, which included categories such as Vision/Strategy, Channel/Partners, Awareness/Reputation, Geographic Coverage, Business Drivers, Industry Focus, Investments and Share; and performance, which included the categories of Technology, Services, Pricing, Agility, Financials, Execution and Personnel.

Technology Leadership
Interwoven has demonstrated its technology leadership in a variety of areas, including collaborative content control, support of XML standards in current product offerings and the introduction of an open, standards-based interface for rapidly integrating portal software with Interwoven ECM.

The Interwoven 5 Platform is the most complete solution for ECM on the market today and is the choice of seven out of the top ten largest corporations. Interwoven products manage all enterprise assets, such as documents, XML/HTML, rich media, application code and operational data; all contributors, from the business user to the developer; all processes from discovery and creation to packaging and distribution; and across all applications, such as CRM, portals and document management, with solutions that scale from a few users to the entire global enterprise.

About META Group
META Group is a leading research and consulting firm, focusing on information technology and business transformation strategies. Delivering objective, consistent, and actionable guidance, META Group enables organizations to innovate more rapidly and effectively. Our unique collaborative models help clients succeed by building speed, agility, and value into their IT and business systems and processes. Connect with www.metagroup.com for more details.

About Interwoven
Interwoven, Inc. (Nasdaq: IWOV) is the world's leading provider of Enterprise Content Management software. The Interwoven 5 platform provides complete content lifecycle services including Content Processing, Content Management, Content Intelligence, Content Production and Content Distribution. Its products are used by more than 1000 global organizations including British Airways, Cisco Systems, General Electric, General Motors and Singapore Airlines. Interwoven teams with the leading best-of-breed enterprise application providers to provide customers complete, collaborative business enterprise solutions. Recently, Interwoven won Transform Magazine's "2001 Product of the Year" award for Enterprise Content and Collaboration Technology. For more information on Interwoven and its proven XML-based ECM solutions, visit the Interwoven Website at www.interwoven.cn .

Interwoven, TeamSite, TeamPortal, TeamCode, TeamDoc, the taglines, logo and service marks are trademarks of Interwoven, Inc., which may be registered in certain jurisdictions. All other trademarks are owned by their respective owners. Copyright 1996-2002 Interwoven, Inc. All rights reserved.