Interwoven. and iManage beginning August agreed to merge in a stock and cash transaction valued at $171 million, in a deal expected to close 4Q03.
The two companies have a combined customer base of over 2500 companies, although both faced tough competition by companies like Documentum and FileNet, which already combine document and Web content management in their offerings.
iManage's strength in professional services and financial services complements Interwoven's base in manufacturing and consumer goods, say the companies
iManage will benefit from Interwoven's presence in Europe and Asia Pacific, while Interwoven gains access to a network of over 150 partners, VARs, and systems integrators in North and Latin America. Both products have been developed with Java and J2EE. The combined 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 content repository with Interwoven OpenDeploy content distribution software, to distribute collaboratively developed documents and corporate knowledge.

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