The following statement has just been released… Interwoven Inc has announced that it has entered into a
definitive agreement to be acquired by Autonomy Corporation plc for $16.20 in
cash per share for a total transaction value of approximately $775
million.

Interwoven’s products improve human interactions with information,
and Autonomy’s technology will allow people to know what those human
interactions mean. The combination of these two companies will redefine
how global 2000 corporations, leading law firms, and government
regulators will discover, analyze, and manage human friendly
information.

“Interwoven and Autonomy are two high-performing companies that
share the same vision for improving the way organizations understand
and interact with information,” said Joe Cowan, Interwoven CEO. “We
believe customers will benefit from the combination of Autonomy’s
industry-leading technology with Interwoven’s unmatched position in our
target markets. We are extremely excited with the unique possibilities
for future product direction that will arise through the integration
with Autonomy’s technology.”

“The combination of Autonomy and Interwoven, industry leaders in
meaning-based computing and document and content management
respectively, will continue the extension of Autonomy’s Intelligent
Data Operating Layer (IDOL) – an information infrastructure that global
2000 companies standardize on to search and process over 1,000 data
types,” said Dr. Mike Lynch, Group CEO of Autonomy. “Our past
acquisitions have clearly demonstrated how Autonomy can quickly and
effectively leverage the power of IDOL into new customer bases and to
address new customer needs, and we see great opportunities for
continued innovation and development of the Interwoven product
offerings. We are very familiar with Interwoven, its product base and
management team through our joint customers and partnerships over the
years and see this transaction as an exciting opportunity to extend the
chain of Autonomy’s solutions.”

Under the terms of the agreement, Interwoven will be acquired by
Autonomy for $16.20 per share, in cash, or approximately $775 million
in the aggregate. The directors and certain executive officers of
Autonomy and Interwoven have agreed to vote the shares they own in
favor of the acquisition. The transaction is expected to close by Q2
2009 and is subject to shareholder approval by both companies,
Hart-Scott-Rodino antitrust clearance, and other closing conditions.

…Guess this also explains why Interwoven recently cancelled its annual user conference.