Leader Quadrant Placement Defined by Completeness of Vision and Ability to Execute

SUNNYVALE, California - August 8, 2002 - Interwoven, Inc. (Nasdaq: IWOV), the leader in Enterprise Content Management (ECM), today announced that it has been listed as a leader in Gartner's Web Content Management (WCM) Magic Quadrant report for 2002 based on completeness of vision and ability to execute.*

"According to Gartner's recent report on the WCM market, Interwoven maintains its position as a "Leader" in this space," said John Van Siclen, president and CEO of Interwoven. "Despite the challenging economic environment, Interwoven continues to deliver best-in-class content management products that allow customers to get up and running quickly by reducing implementation time, decreasing total cost of ownership and simplifying the user experience. The result is significant return on investment across the enterprise."

Since the beginning of the year, Interwoven has demonstrated its market and technology leadership in a variety of areas, including:

- In a 9-city worldwide product launch with more than 1,000 total in attendance, Interwoven announced several new products during Q2 of 2002: Interwoven TeamCode for collaborative application management; Interwoven TeamDoc for collaborative business document management; Interwoven TeamPortal for collaborative content management of enterprise portals; Interwoven Solution for Government, enabling governments to comply with legislation requiring information access for all citizens.

- Interwoven recently released its newest version of Interwoven TeamSite software which powers the Interwoven 5 (IWOV 5) platform and accompanying eBusiness applications. Since this release, Interwoven has experienced the most rapid adoption of an Interwoven product upgrade in the Company's history, indicating the keen interest in the marketplace for a proven, complete, and easy to use enterprise content management offering. In April 2002, Interwoven launched the award-winning IWOV 5 ECM platform that includes TeamSite Content Management software, MetaTagger Content Intelligence software and OpenDeploy Content Distribution software. Additionally, IWOV 5 is the industry's first Web services-enabled ECM platform making application development and integration by partners faster and easier than ever before.

- Interwoven announced its support for the BEA WebLogic Enterprise Platform; Interwoven and IBM announced a new joint portal solution that includes IBM software, hardware, and services in conjunction with Interwoven's industry-leading ECM solutions; Interwoven and Inktomi expanded their alliance to deliver innovative, fully integrated information management, categorization, and retrieval solutions; Interwoven announced TeamPortal for Oracle to provide business users with new collaborative content application portlets for Oracle9iAS that enable enterprises to rapidly integrate enterprise content management into their corporate portal.

- Recent industry honors and awards include: CMP Media's 2002 RealWare Special Merit Award for Interwoven and customer CSFB based on strong ROI; in partnership with Interwoven, Deere & Company won KM World's Best Practice Award for their global implementation of Interwoven ECM and ability to demonstrate significant time and cost savings.

Note

* The Magic Quadrant is copyrighted August 2002 by Gartner, Inc. and is reused with permission, which permission should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner, Inc.'s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the "Leaders" quadrant. In some situations, firms in the Visionary, Challenger, or Niche Player quadrants may be the right matches for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner, Inc. expressly disclaims all warranties, express or implied, of fitness of this research for a particular purpose.

Gartner, Inc.'s Magic Quadrant positions vendors in a particular market segment based on their vision and ability to execute that vision. Leaders are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.

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.