Interwoven to Acquire Discovery Mining, Inc.

Aug 01, 2008

Interwoven, Inc., provider of content management solutions, announced that it has entered into a definitive agreement to acquire Discovery Mining, Inc., an eDiscovery provider to professional services firms and corporations. Discovery Mining streamlines the discovery phase of litigation and investigations with a software-as-a-service solution for processing, reviewing, and producing electronic data. Under the terms of the agreement between Discovery Mining and Interwoven, Interwoven will pay approximately $36 million in cash for all outstanding shares of Discovery Mining and vested stock options, and assume certain existing employee stock options.