London, 26 September 2002 - Interwoven, Inc. (NASDAQ: IWOV), the leader in Enterprise Content Management (ECM), has formed an alliance with Valoris, the leading European consulting firm specialised in assisting large companies to create and maximise customer value, to provide ECM-based solutions for Belgium, Luxembourg, France, and the United Kingdom. The Interwoven 5 platform of ECM software products, with flagship product TeamSite, is at the centre of several Belgium-based ECM projects being developed now by Valoris for mutual customers such as Electrabel, FortisBusiness, Samsonite, and Proximus.

Headquartered in Brussels, Valoris manages projects with which its clients can optimise the use of technology and provides them with a business result that has high impact on sales growth and margins. The organisation focuses on three main areas: E-business integration, Business Intelligence, and Customer Relationship Management. Valoris' industry sector experience includes banking, insurance & financial services, manufacturing, telecommunications, health care, retail, and distribution.

"Valoris directs Internet-based projects at large organisations where our Interwoven 5 platform delivers added-value with its best-of-breed open architecture, functional ease-of-use, and enablement of a collaborative working environment," said Martijn Burger, Regional Director Benelux for Interwoven. "Working with Valoris across the Benelux region will enable Interwoven to expand the reach of our product portfolio and further improve on our service in these important national markets."

"Through the alliance we will be able to offer our customers the market-leading enterprise content management solutions," said Michel Tueni, Partner at Valoris. "The Interwoven 5 platform enables our clients to streamline their business processes, improve their efficiency, and realise a faster return on investment. Being a strategic IBM WebSphere partner, we offer our joint clients the seamless integration between IBM products and Interwoven solutions that leads to clear operational advantages."

The alliance allows Valoris and Interwoven to share knowledge and expertise on deploying ECM-solutions and will develop and execute joint sales and marketing programmes. This includes the training of Valoris' UK-based employees in the use and best practice of the Interwoven 5 platform and the provision of in-house training for Valoris consultants.

About Valoris
Valoris is a leading European consulting firm, focused in assisting organisations create and maximize customer value. The company delivers innovative strategies, programmes and solutions to allow its clients to transform their business by creating a sustainable, customer-centric approach to operations. Founded in 1988, Valoris is owned by its founders and staff, and has venture capital backing from large institutional shareholders including Morgan Stanley Ventures Partners and Apax Partners. Valoris employs about 800 professionals and has offices in Paris, London, Lyon, Brussels, Antwerp, Luxemburg, Barcelona and Madrid. www.valoris.com

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.