Interwoven to Acquire Optimost

Oct 19, 2007


Interwoven, Inc., a provider of content management solutions, announced that it has entered into a definitive agreement to acquire Optimost, a company focused on software and services for website optimization. Optimost's solution--delivered via a software-as-a-service model--is intended to help companies create a compelling, engaging, and relevant online experience that delivers measurable business results. Under the terms of the agreement between Optimost and Interwoven, Interwoven will pay approximately $52 million in cash for all outstanding shares of Optimost and assume certain existing employee stock options. This transaction is expected to be completed in the fourth quarter of 2007.