Stoop, an Industry Thought Leader, Visionary and Innovator, with over 20 Years of Experience, to Drive Interwoven's Expanded Financial Services Solutions Agenda
SUNNYVALE, Calif. – January 17, 2006 – Interwoven, Inc. (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced the appointment of Jos Stoop to the Interwoven executive management team as the company’s vice president and general manager, Financial Services Solutions. A seasoned consulting and technology executive, Stoop has over 20 years of experience with leading financial technology companies including PA Consulting Group, NumeriX LLC, and as founder of Intuitive Products International (IPI), which was later renamed Scrittura, a company acquired by Interwoven in 2005. Stoop will drive Interwoven’s position as a leading provider of content-centric ECM solutions for the Financial Services industry as well as extend Interwoven’s reach into new and growing Financial Services solutions markets.
Stoop joins Interwoven from PA Consulting where he was a member of the management team and in charge of the company’s Capital Markets Technology practice. At PA, he led a team focused on providing consulting services in the area of Capital Markets Technology planning and implementations, covering all capital market product areas on the sell side, buy side, and brokerage. Prior to PA, Stoop was the CIO and EVP of NumeriX LLC, a leading derivatives pricing and analytics tools vendor. Stoop brought to NumeriX his practical experience in the development and implementation of derivatives systems as well as broad and deep expertise of derivative products processing. At NumeriX, Stoop was in charge of a joint venture between NumeriX and one of the leading financial institutions. Previously, Stoop was CEO and founder of IPI, where he built a solid reputation in the industry for growing IPI from a single consultant to a technology solutions firm with offices in New York and London. In the late 1990’s, IPI was transformed into Scrittura, a software company with an OTC Derivatives Trade Documentation solution.
According to the TowerGroup, a leading financial services industry analyst firm, companies in the financial services market are increasingly turning to deep industry-specific solutions to streamline key content management processes: "Financial services institutions today are looking for more robust third-party applications from vendors that they can put in place immediately to close deals faster, improve customer communication, increase customer loyalty, and reduce many of the costs associated with their administrative and paper-based processes," said Gavin Little-Gill, director, TowerGroup. "Leading Content Management companies are building deep financial services industry domain expertise to solve business process challenges that are unique to each segment of the financial services industry."
As an established ECM solutions leader, Interwoven is in a key position to capitalize on the growing adoption of ECM solutions by financial services companies around the world—a position that will be further strengthened by the addition of Stoop to Interwoven’s executive management team. Interwoven already has a strong position established in the financial services industry. World-class financial services companies across the globe that rely on Interwoven ECM solutions include: Visa International; Mastercard International; Lloyds TSB Bank; Deutsche Bank; Barclays Global; ABN Amro; NASD; Xchanging; Commerzbank in Europe; National Stock Exchange of India; Banco Populare di Milano; Friends Provident in the UK; OCBC in Singapore; Bank of Tokyo; Swiss Life; Capital One; Bear Stearns; Credit Suisse First Boston; HSBC; Russell Investment Group; Washington Mutual; Rothschild; Allstate; Aon; Allianz; Farmers; Principal; and many others.
"Interwoven is already in a very strong position with a rich history of delivering ECM solutions, such as the Scrittura OTC Derivatives solution, and others, to leading financial institutions around the world," said Martin Brauns, chairman and CEO of Interwoven. "Jos is an exceptional leader with an excellent reputation who will drive our financial services solutions to the expanded level of success we’re looking to achieve."
"Interwoven’s strategy to provide financial services customers with extended deep domain expertise solutions is exactly the right approach for a market that is ripe for these types of solutions," said Stoop. "I was very excited to see Interwoven achieve continued success with the OTC Derivatives solution following the Scrittura acquisition, and now we can leverage this success into the growing customer demand for solutions in new areas such as compliance and improved customer experience with additional offerings for financial institutions."