Interwoven

OpenText TeamSite is an enterprise web content management software product that OpenText acquired from Hewlett-Packard on May 1, 2016.[1] 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.

History

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.[2][3] In its private startup phase the company was backed by Foundation Capital,[4]Draper Fisher Jurvetson,[5]Accel Partners and other venture capital co-investors including Gary Kremen.[6]

On October 8, 1999 Interwoven had their initial public offering (IPO) on NASDAQ with Credit Suisse First Boston as the lead underwriter.[7]

Sale

On January 21, 2009, Interwoven announced it agreed to be acquired by Autonomy Corporation, based in England.[8] Autonomy estimated the consideration at $775 million [9]

The acquisition was finalized on March 17, 2009.

HP bought Autonomy on August 19, 2011.

OpenText acquired TeamSite, along with other HP Software products in May 2016.[10][11]

References


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


Interwoven



 
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