speaking of india..
Interwoven Announces Opening of India Office Industry Leader Expands Asia Pacific Presence to Address Growing Need for Enterprise Content Management Solutions
SUNNYVALE, Calif., Aug 18, 2003 /PRNewswire-FirstCall via Comtex/ --
Interwoven, Inc. (Nasdaq: IWOV), a world leader in content management for the
enterprise, today announced the official opening of its office in Mumbai, India.
Former Interwoven sales manager in Singapore, Sunil Chavan, assumes the new
position of country manager for India. Chavan has a strong and successful
background in managing sales operations with companies like MphasiS BFL, eFunds
Technology, and HCL.
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"The opening of the India office creates an important base for Interwoven to
build on our continued success throughout Asia Pacific," said Anurag Srivastava,
vice president of Asia Pacific (APAC) Operations, Interwoven. "This investment
reinforces our presence in the APAC market where we already have a significant
customer base. Encouraged by the steady growth of business in India and the
emerging demand for comprehensive content management solutions, we've recently
secured a number of key new Interwoven customers in this region."
India is "Key Growth Market" According to Industry Analysts
Interwoven has already seen success with its content management offerings in
India, and according to research analyst group IDC, India is being touted as one
of "Five for the Future" and a key growth market for IT and Communications. The
analyst group's recent findings also indicate that the Content
Applications/Content Management software market for 2002 was estimated at around
USD13 million and is expected to grow at a CAGR of 32%, to reach an estimated
size of USD 52 million by 2007.
Speaking at the office opening in Mumbai, Srivastava said, "India is a very
important market for Interwoven. The time is right for content management as
business users continue to demand access to more and more diverse information in
their decision-making processes. We are committed to growing the Indian market,
and in the coming months, in response to the demand we've seen, Interwoven's
strategy will be to focus specifically on the financial services and
telecommunications sectors, as well as solutions that address knowledge
management requirements across the enterprise."
Customer Success in India
"Interwoven is an important enabler to our success and to our business model. We
could not have met our portal goals effectively without a sound, robust, and
flexible content management platform in place," said Mr. P. Rambabu, general
manager-IT, Asian Paints, which was selected by Forbes as one of the most
admired Asian companies. "Interwoven gives us the ability to be closer to our
customers and partners by presenting our entire offering under a single national
brand."
Interwoven has an existing installed base of close to a dozen Indian customers
and some of the successful implementations include General Electric,
India Tea Board, and Asian Paints. Interwoven also has strong partners in India,
including IBM, ITC Infotech, MindTree, Satyam, and Wipro.
The new Interwoven India office is located at Sunteck Certainty Business Centre,
MMTC House, C-22, Bandra Kurla Complex, Bandra (East), Mumbai - 400051.
About Interwoven
Interwoven, Inc. is a world-leading provider of content management software for
the enterprise. Allied with the leading enterprise application providers, the
Interwoven 6 platform provides content management for more than 1200
organizations world wide including Air France, Cisco Systems, General Electric,
General Motors, and Yamaha. For more information visit www.interwoven.com.
SOURCE Interwoven, Inc. |
