NEW YORK, Feb. 2 /PRNewswire-FirstCall/ -- Today at the LegalTech New York
2009 trade show, Interwoven, Inc. (Nasdaq: IWOV), a global leader in content
management solutions, announced that revenue tied to Discovery Mining has
nearly doubled since it was acquired by Interwoven last August. Other metrics
highlight the exceptional growth for Interwoven's hosted document review
service, including 86% growth in online storage capacity, 200% increase in
gigabytes of data processed, three-times the increase in the number of
searches performed, and a 100% increase in the average case size compared to
first seven months of 2008 prior to the Interwoven acquisition.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO)
"Our ability to manage significantly larger cases and increased data
volume underscores the scalability and adaptability of our Discovery Mining
platform and process," said Chris Junker, vice president and general manager,
Professional Services Industry Solutions at Interwoven. "Interwoven really
demonstrated how its deep reach into global law firms and corporate legal
departments could help drive business."
At Interwoven's recent Board of Advisors customer meeting, eDiscovery
veteran, Laura Bandrowsky, practice support director for Duane Morris LLP,
stated her support of the Discovery Mining platform and roadmap: "The
discovery phase of litigation is so crucial, often determining whether a case
is settled or proceeds. Discovery Mining continues to prove that the right
technology solution could really make a difference for lawyers and our
clients. And what I have seen of the product roadmap has made me excited about
the future."
Also last year, in the Socha-Gelbmann Electronic Discovery Survey,
Discovery Mining was ranked by law firms as a top five provider of eDiscovery
services.
The Interwoven booth at the LegalTech New York 2009 trade show is #2003,
on level two of the America's Hall. For additional information on Interwoven,
visit http://www.interwoven.com.
Note: On January 21st Interwoven announced that it has signed a definitive
agreement to be acquired by Autonomy. The acquisition brings together two
leaders who share a vision to fundamentally change the way organizations
discover, analyze and manage information. The combined company will have more
than 2,000 employees and 20,000 customers around the world. For more
information please see visit
http://www.interwoven.com/components/pagenext.jsp?topic=NEWS::RELEASES&dcr=com
ponents/autonomy.jsp
About Interwoven
Interwoven, Inc. (NASDAQ: IWOV) is a global leader in content management
solutions. Interwoven's software and services enable organizations to maximize
online business performance and organize, find, and govern business content.
Interwoven solutions unlock the value of content by delivering the right
content to the right person in the right context at the right time. Over 4,700
of the world's leading companies, professional services firms, and governments
have chosen Interwoven, including Airbus, Amnesty International USA, Avaya,
BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton
Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis,
MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco,
Virgin Mobile, and White & Case. A community of over 25,000 developers and
over 300 partners enrich and extend Interwoven's offerings. To learn more
about Interwoven, please visit http://www.interwoven.com.
SOURCE Interwoven, Inc.