Type Public Industry Computer software Number of employees 8,500 | Traded as TSX: OTC
NASDAQ: OTEX Acquisition date January 21, 2009 Parent organization HP Inc. | |
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Key people Mark Barrenechea, CEO
Tom Jenkins, Chairman Products Enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange, and analytics software Revenue US$ $1,624 million (FY 2014) Headquarters San Jose, California, United States Founded 1991, Sunnyvale, California, United States Founders Tim Bray, Gaston Gonnet, Frank Tompa Subsidiaries Optimost ltd, Interwoven Software Pte. Ltd | ||
Teamsite how to create a new html page
OpenText TeamSite is an enterprise digital experience management software product that OpenText acquired from HP on May 1, 2016. The product has gone through a series of owners, including Interwoven which was founded in 1995 and later acquired on March 17, 2009 by Autonomy, which in turn was acquired by Hewlett-Packard in 2011.
Contents
Hp teamsite demonstration
History
Interwoven was founded in 1995 in California by Singaporean Peng Tsin Ong, who was also Interwoven's first CEO and chairman. Peng was the co-founder of Match.com, and later went on to found Encentuate. In its private startup phase the company was backed by Foundation Capital, Draper Fisher Jurvetson, Accel Partners and other venture capital co-investors including Gary Kremen.
On October 8, 1999 Interwoven had their initial public offering (IPO) on NASDAQ with Credit Suisse First Boston as the lead underwriter. In November 2001 the IPO and a follow-on public offering were challenged in a class-action lawsuit, based on the allegation that the official prospectus filed with the SEC did not disclose connections between the underwriters and other investors and customers of Interwoven.
Dot-com boom
In the years of the dot-com bubble the company offered huge hiring incentives to compete with other startup companies in Silicon Valley. In 2000, it promised to pay for a 2-year lease on a new BMW Z3 sports car to the first 20 new engineers who came to Interwoven and stayed with the company for at least a year. This was less expensive than the going rate for recruiting fees in Silicon Valley at that time. Though a minority of engineers elected to take the car over the equivalent amount in cash, the move generated publicity.
Sale
On January 21, 2009, Interwoven announced it agreed to be acquired by Autonomy Corporation, based in England. Autonomy estimated the consideration at $775 million
The acquisition was finalized on March 17, 2009.
HP bought Autonomy on August 19, 2011.
OpenText acquired TeamSite, along with other HP Software products in May 2016.
Product Implementation
With the product changing hands frequently in the last ten years, and the digital marketing industry space evolving as well, there are few implementation partners focussed on the core TeamSite product. One of the few systems integrator that continues to develop add-on products for TeamSite is New Jersey-based company Autowoven.