Interwoven Acquires Component Insights

Jan 16, 2004

Interwoven, Inc., an enterprise content management (ECM) company, has closed the acquisition of Component Insights India Private Limited, a 20-person software development company based in Bangalore, India. The acquisition was completed in December 2003 for a purchase price of approximately $400,000. This transaction expands Interwoven's presence in India and is expected to complement the existing Interwoven sales office in Mumbai. The Bangalore team will also extend Interwoven's services in the Asia-Pacific market, providing added support and consulting services for customers in this region. In addition to creating an immediate extension to Interwoven's R&D organization, the Bangalore office plans to establish an offshore platform that can scale to address future needs.