Documentum, Inc. announced its strategy to expand its product line by delivering a broad range of Web applications, based on its new Web application environment, to foster innovation of new products and processes. The Documentum Innovation Application Series will be tailored for the company’s targeted vertical industries and focused on five categories: marketing and sales, quality management, research management, financial risk management and project/team management. The Documentum Innovation Application Series is based on the company’s new Documentum Web Application Environment, which consists of a Web application server, a family of Web clients, and development and administration tools. The Documentum Web Application Environment also enables the development and deployment of custom Web applications by Documentum customers and system integrator partners. Documentum’s Innovation Application Series is designed to meet specific industry requirements in Documentum’s four key market segments: process manufacturing, discrete manufacturing, financial services, and business and government services. www.documentum.com

FileNET Corp. announced it has launched an initiative to offer market-specific integrated document management solutions for the insurance industry. As a result of this initiative, FileNET and its ValueNET business partners dedicated to serving health, life, property and casualty insurers are delivering tailored solutions to help enable these companies to more effectively manage document-intensive processes unique to this competitive market. As a central part of this initiative, FileNET will work closely with industry-focused systems integrators, resellers and third-party solutions providers to develop top-tier packaged solutions that meet specific IDM needs across the diverse sectors of the insurance industry. These applications, based on FileNET’s Panagon family of IDM products, address critical line-of-business activities including new business underwriting, claims processing, customer service, premium processing, reinsurance and records management and Web publishing. www.filenet.com

Cascade Systems Inc., announced that it has secured $6 million in new venture capital funding. There are two principal participants, namely Adobe Ventures and H & Q Venture Associates. Cascade

Hynet Technologies, announced the release of Hynet Directive 2.1.Hynet Directive is an XML-based electronic publishing product currently being used by financial institutions and high-tech manufacturers to convert documents and publish up-to-date information to the Internet and CD-ROM. Directive 2.1 adds new functionality, including: the ability to access to the Directive conversion engine via C++, Visual Basic and Java; the ability to edit Directive document types; and the ability to edit and reuse existing or automatically generated document mapping rules. The Directive conversion engine, which can be purchased separately from the Directive publishing product, provides conversion of Microsoft Word and Adobe FrameMaker documents to HTML or XML. This tool is now enhanced for batch processing environments with command line access and APIs for C++, Visual Basic, and Java. The Directive document type editor allows users to generate and edit document types with point-and-click commands. Document types are templates which encapsulate meta data and import and target mapping rules for a class of documents. The Directive document type editor is integrated into the Directive desktop. www.hynet.com

Microstar Software Ltd. and Vervet Logic today announced an agreement to bundle Near & Far Designer XML from Microstar and XML Pro from Vervet. The package will be available from both companies for a special promotional price. Together the products allow for XML-based Web application design (Near & Far Designer) and XML content creation (XML Pro) in a comprehensive suite for Web developers at a competitive price. Microstar also announced the availability of an XML only version of Near & Far Designe. The product is designed to meet the specific needs of Web application developers in the rapidly growing market for XML publishing and e-commerce applications. www.microstar.com, www.vervet.com

Inso Corporation announced that Stephen O. Jaeger has been elected non-executive Chairman of the Board of Directors effective immediately, filling a position which had been vacant. Mr. Jaeger is currently an independent member of the Board of Directors and Chairman of the Audit Committee. Mr. Jaeger, 54, is one of the founders of Inso and has served on the Company’s Board of Directors since its Initial Public Offering in 1994. He previously served as Executive Vice President, Chief Financial Officer, Treasurer and Member of the Board of Directors of Houghton Mifflin Company. Mr. Jaeger, who is currently a principal, director and officer of PharmaCom Group Inc., has also served as Vice President, Chief Financial Officer and Treasurer of The Perkin-Elmer Corporation. Previously, he served as Senior Vice President and Chief Financial Officer of the North American Operations of The British Petroleum Company PLC (“BP”) and as a Division Manager at BP’s London headquarters, reporting to British Petroleum’s Treasurer. Mr. Jaeger also currently sits on the Board of Directors of Strategic Diagnostics Inc. He is a Certified Public Accountant and a veteran of the U.S. Navy. Mr. Jaeger received an MBA in Accounting from Rutgers University and a B.A. in Psychology from Fairfield University. www.inso.com

Shana Corp. today announced the release of its FileNET Panagon IDM plug-in for v2.6 of Informed Designer and Informed Filler, Shana’s – e-forms design and deployment tools. Together, Shana’s Informed and FileNET’s Panagon IDM Document Services software provide tools and services for the design, deployment and maintenance of form-centric solutions. The Informed/FileNET plug-in requires Informed version 2.6 and Panagon IDM Desktop version 2.0 or greater. The plug-in is available immediately for free to any registered user of Informed version 2.6 and can be downloaded from the following URL:

UWI.Com, announced a new release of InternetForms Designer, the visual interface for professional XML forms creation. InternetForms Designer 1.2 enables developers to create and deploy secure, intelligent, and legally-binding documents for their e-commerce applications while taking advantage of the openness of XML. The new release also includes several new features that improve developer productivity and enhance ease-of-use. The release of InternetForms Designer 1.2 completes the newest version of the InternetForms System, a suite of products based on XFDL (Extensible Forms Description Language), the XML protocol for legally-binding transactions on the Internet. XFDL was co-authored by UWI.Com and Tim Bray, co-editor of the original XML specification, and has been submitted to the W3C for consideration as an Internet standard. The InternetForms System also includes InternetForms Viewer, a web browser extension for completing and signing InternetForms, as well as a broad range of processing applications for popular databases, imaging, document management, and workflow systems, legacy access, and Palm PCs. www.uwi.com