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Weekly News Digest

August 11, 2003 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Interwoven and iManage Agree to Merge

Interwoven, Inc., a provider of content management for the enterprise, and iManage, Inc., a provider of collaborative content management software for global enterprises, announced that a definitive agreement to merge in a stock and cash transaction valued at $171 million. The merger is expected to close in the fourth quarter of 2003. The companies have had a partnership and reseller agreement since Feb. 2003.

With more than 2,500 customers, the combined company expects to leverage synergies across products, technologies, markets, and channels, and together deliver on the promise of an integrated, scalable content platform, low total cost of ownership, and faster time-to-business impact.

The companies plan to integrate iManage's collaborative technology with Interwoven MetaTagger content intelligence server software, to improve the ability to personalize and find relevant content, and link iManage's scalable content repository with Interwoven OpenDeploy content distribution software, to distribute collaboratively developed documents and corporate knowledge. The new company will be named Interwoven and will be headquartered in Sunnyvale, Calif.

Source: Interwoven, Inc.



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