Interwoven, Inc. (NASDAQ:IWOV) announced that it has acquired Scrittura, a provider of document automation technology and straight-through-processing for the complex non-exchange based trading operations of financial services institutions. The acquisition maps to Interwoven’s strategy to deliver targeted ECM solutions, and positions Interwoven as an ECM provider in the market for trading of non-exchange based financial instruments. As a result of the acquisition, Interwoven now offers a complete solution for the automation of Over-the-Counter (OTC) Derivatives trading. Under the terms of the agreement, Scrittura shareholders will receive initial cash consideration of approximately $16.3 million and up to $2.0 million of additional cash consideration if certain revenue and operating contribution goals are achieved by December 31, 2005. In addition, Interwoven will assume certain Scrittura stock options in the acquisition. Designed to enable financial services customers to more quickly and easily conduct complex non-exchange based trades with other financial institutions, the new Interwoven OTC Derivatives solution will provide: business process management; document management; records management; fax and paper capture; and messaging brokering. The Interwoven OTC Derivatives solution is available now.

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