|Traded as||TSX: OTC
|Founder||Tim Bray, Gaston Gonnet, Frank Tompa|
|Headquarters||Waterloo, Ontario, Canada|
|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
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.
The acquisition was finalized on March 17, 2009.
HP bought Autonomy on August 19, 2011.
With the product changing hands frequently in the last ten years, and the digital marketing industry space evolving as well, there are few implementation partners focussed on the core TeamSite product. One of the few systems integrator that continues to develop add-on products for TeamSite is New Jersey-based company Autowoven.
- "Open Text 2014 Annual report"
- Innovation Magazine Article with Encentuate Founder
- Encentuate : Team
- Foundation Capital
- Draper Network | Draper Fisher Jurvetson
- Kieren Mccarthy (August 13, 2006). "The battle for the sex.com domain name". Taipei Times. Retrieved October 18, 2013.
- Press Releases - Interwoven - Press Releases
- Interwoven, Inc. - Securities Class Action
- Court Denies Interwoven Motion To Dismiss Securities Suit - 03/26/2003
- "Wired 8.04: Must Read". Wired.
- Brian Caulfield (June 15, 2000). "Recruit or Die: How Growing Firms Are Waging the War to Fill Empty Seats". Internet World. Archived from the original on November 21, 2004. Retrieved October 18, 2013.
- From Z3's to Charity Donations
- Anni Layne (May 2000). "Don Campbell". Fast Company. Archived from the original on July 7, 2003. Retrieved October 18, 2013.
- "Interwoven Announces Definitive Agreement to be Acquired by Autonomy". Press release. January 21, 2009. Archived from the original on January 25, 2009. Retrieved October 18, 2013.
- "Autonomy Corporation Plc announces agreement to acquire Interwoven, Inc. for and aggregated consideration of US$775 million". Press release. Autonomy. January 22, 2009. Archived from the original on January 30, 2009. Retrieved October 18, 2013.