Tony Zingale, President of Clarify eBusiness Applications, Nortel Networks Appointed to Interwoven Board of Directors.Business Editors and High Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--April 18, 2000 Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony eBusiness Executive Brings CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. Expertise and Recognized High Technology Leadership to Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. Board Interwoven, Inc. (Nasdaq:IWOV), the leading provider of enterprise-class Web content management software, is pleased to announce the appointment of Tony Zingale, to its board of directors. Mr. Zingale is president of Clarify eBusiness Applications, Nortel Networks(a) (NYSE/TSE: NT), which is focused on ushering in Noun 1. ushering in - the introduction of something new; "it signalled the ushering in of a new era" first appearance, introduction, debut, entry, launching, unveiling - the act of beginning something new; "they looked forward to the debut of their new product line" the second wave of eBusiness through customer relationship management (CRM) on the Internet. He brings to the Interwoven board proven success in growing high-tech companies. Most recently this culminated in Nortel Networks' acquisition of Clarify Inc., valued at nearly $4 billion. For 1999, Nortel Networks announced revenues of US$21.3 billion. Nortel Networks has been an Interwoven customer since 1997. "Tony has contributed to the rapid growth and market prominence of some of our industry's best known companies, including Clarify, Cadence and Intel, and he shares our vision of using the Internet to bring companies closer to their customers," said Martin Brauns, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Interwoven. "We're excited to have Tony join our board and expect him to play a key role in positioning Interwoven for long-term success." "The relationship between Nortel Networks and Interwoven is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. for success," said Mr. Zingale. "Interwoven is the proven leader in enterprise-class Web content management, with world-class technology, a strong roster of Global 2000 customers including Nortel Networks, and a clear vision for where the new Internet See Web 2.0 and Internet2. economy is headed. They have what it takes to become a leading industry player." Mr. Zingale is president of the Clarify eBusiness Applications business unit of Nortel Networks, which combines the recent acquisitions of Clarify and Periphonics with Nortel Networks' own capabilities in customer contact centers. Prior to the acquisition, Mr. Zingale was president and CEO of Clarify Inc. There he helped the company take the number two CRM market position and drive annual sales in excess of $230.5 million. Previously, Mr. Zingale was senior vice president of worldwide marketing at Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. . He spent nine years as a key contributor to Cadence's expansive growth from $50 million to nearly $1 billion in annual sales and led Cadence to the number one position in the high-growth electronic design automation (EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. ) market. Mr. Zingale also played a critical role in developing the strategy and execution of several mergers and acquisitions that helped fuel Cadence's rapid growth and significant market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Mr. Zingale also has held management positions at EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. Systems Inc., Daisy Systems Corp. and Intel. Interwoven Board of Directors The Interwoven board of directors now consists of: - Martin Brauns, president and CEO of Interwoven - Peng T. Ong, chairman and founder of Interwoven - Kathryn Gould, general partner at Foundation Capital - Mark C. Thompson, chairman of Integration and RioPort corporations - Ronald E. F. Codd, president and CEO of Momentum Business Applications - Tony Zingale, president, Clarify eBusiness Applications, Nortel Networks About Interwoven Interwoven, Inc. (Nasdaq:IWOV) is the leading provider of enterprise-class Web content management software. Its flagship product, TeamSite software, controls the development, management and deployment of business-critical Web sites. As the platform for eBusiness, Interwoven enables electronic commerce, customer relationship management, supply chain management and knowledge management for Web leaders and Fortune 1000 companies moving to the Web. TeamSite is available for both the Sun Solaris and Microsoft NT operating systems. For more information on the company and its software solutions, visit the Interwoven Web site at www.interwoven.com or e-mail info@interwoven.com. Note(a): Nortel Networks and Clarify are trademarks of Nortel Networks. |
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