SAN FRANCISCO, Calif. - Interwoven GearUp '05 ECM Solutions Conference - May 11, 2005 - Fios(r) Inc., a tier-one provider of IT-enabled electronic discovery services, and Interwoven (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced a strategic partnership that will result in the first complete discovery management solution for the enterprise. Under the agreement, Fios will OEM and integrate Interwoven's Collaborative Document Management (CDM) technology as the foundation of its evidence management services. Additionally, FIOS will serve as a preferred partner to meet the electronic discovery needs of Interwoven's installed client base. Together, the two companies will help enterprises proactively address the fire drills, litigation risk and cost predictability issues caused by the growing volume of electronic documents that must be managed and easily accessed for government investigations, regulatory compliance, antitrust inquiries and litigation.

"There is no 'big green button' for managing discovery. The partnership between Interwoven and Fios is a tangible demonstration that effective discovery management requires an organized business process enabled by technology," said Laura Kibbe, senior corporate counsel at Pfizer Inc. "A software company expert in helping companies manage documents through their lifecycle, partnered with an IT-enabled services company with expertise in legally defensible discovery response processes, is absolutely the right approach."

The Fios-Interwoven solution is the first of its kind to help enterprises take an IT-enabled business-process approach that spans the entire discovery management process. Further, it delivers the first, complete end-to-end Evidence Lifecycle Management(tm) (eLM) system - from creation and capture through production. These end-to-end services, powered by Interwoven's WorkSite MP CDM system, will enable enterprises to:

• Empower discovery management by capturing electronic documents in a secure, scalable Interwoven WorkSite CDM evidence repository
• Meet preservation obligations when litigation is anticipated by quickly and accurately identifying relevant documents from throughout the enterprise and ensuring they are not inadvertently destroyed
• Collect, process, review and deliver responsive documents through a process-oriented approach that is fast, efficient, predictable and legally defensible
• Retain produced evidence for future legal requirement

James Veraldi, executive vice president of Micro Strategies Inc., a leading solutions integrator added, "Fios' Discovery Management Services, powered by the Interwoven Worksite MP CDM system, will offer corporate legal departments a much needed solution for managing and accessing enterprise content as part of discovery. Micro Strategies is proud to be associated with both organizations and this new discovery management solution."

"As a technology innovator that helps business professionals work more efficiently, we are pleased to be partnering with Fios and providing our customers access to market-leading electronic discovery services that will add value to their existing Interwoven implementations," said Neil Araujo, vice president for legal and professional services solutions at Interwoven. "This partnership further strengthens our commitment to providing innovative document management solutions that help corporate legal departments maximize corporate resources, minimize risks associated with litigation and maintain the highest degree of responsiveness to their internal clients."

"Corporations are demanding a legally defensible business process, enabled by technology, for responding to discovery," said Gerald Massey, president and CEO of Fios. "Fios is proud to partner with Interwoven, the market leader in ECM solutions, to deliver the industry's first end-to-end technology-enabled discovery management solution."