Interwoven
 |
|
| Public | |
| Traded as | : OTC NASDAQ: OTEX |
| Industry | Computer software |
| Founded | 1991 |
| Founder | Tim Bray, Gaston Gonnet, Frank Tompa |
| Headquarters | Waterloo, Ontario, Canada |
|
Key people
|
Mark Barrenechea, CEO Tom Jenkins, Chairman |
| Products | Enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, and analytics software |
| Revenue |
 US$ $1,624 million (FY 2014) |
|
Number of employees
|
8,500 (2015) |
| Website | www |
OpenText TeamSite is an enterprise digital experience management software product that OpenText acquired from HP on May 1, 2016. The product has gone through a series of owners, including Interwoven which was founded in 1995 and later acquired on March 17, 2009 by Autonomy, which in turn was acquired by Hewlett-Packard in 2011.
Interwoven was founded in 1995 in California by Singaporean Peng Tsin Ong, who was also Interwoven's first CEO and chairman. Peng was the co-founder of Match.com, and later went on to found Encentuate. In its private startup phase the company was backed by Foundation Capital,Draper Fisher Jurvetson,Accel Partners and other venture capital co-investors including Gary Kremen.
On October 8, 1999 Interwoven had their initial public offering (IPO) on NASDAQ with Credit Suisse First Boston as the lead underwriter. In November 2001 the IPO and a follow-on public offering were challenged in a class-action lawsuit, based on the allegation that the official prospectus filed with the SEC did not disclose connections between the underwriters and other investors and customers of Interwoven.
In the years of the dot-com bubble the company offered huge hiring incentives to compete with other startup companies in Silicon Valley. In 2000, it promised to pay for a 2-year lease on a new BMW Z3 sports car to the first 20 new engineers who came to Interwoven and stayed with the company for at least a year. This was less expensive than the going rate for recruiting fees in Silicon Valley at that time. Though a minority of engineers elected to take the car over the equivalent amount in cash, the move generated publicity.
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