Interwoven, Inc. (NASDAQ:IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced that the National Stock Exchange of India (NSE), the leading stock exchange in India and 3rd largest stock exchange in the world, has selected the Interwoven Web Content Management (WCM) Solution to power its public Web site.
NSE expects the Interwoven solution to significantly reduce the time it takes to publish information to the Web and improve operational efficiencies across the organization by empowering business users to directly contribute to and manage NSE's Web content, as well as automating the complete Web publishing process. As a result, NSE can ensure that investors have the most accurate and current data to make informed financial/trading decisions.
NSE was established eleven years ago to provide a modern, fully automated, and screen-based trading system with national reach. With this system, NSE aims to provide investors and other site visitors with unparalleled access to information via the Web. To achieve this goal, NSE is tasked with publishing key investor information to its Web site at the end of each trading day, as well as constantly updating this information to provide investors with the most current information.
Without a content management system in place, NSE has been challenged to publish content online as quickly and frequently as necessary, since the responsibility lied solely with the Web team to manually update an escalating volume of content. Versioning and workflow were also both enormous challenges for the Web team when making any content updates.
To address these challenges and reduce the risk of providing investors with outdated or inaccurate information, NSE sought a solution that would enable them to automate Web content publishing, replacing the previously manual process. After evaluating multiple systems, NSE selected Interwoven because of its proven WCM leadership and strong customer adoption in the financial services market.
"Having a best-in-class Web Content Management system in place is critical for the current and future ability of the NSE to provide investors with the timely and accurate information they need," said N. Muralidaran, senior vice president of IT, NSE. "We needed a robust, flexible, and proven solution that is also open enough to manage future rollout plans such as multi-lingual sites. Interwoven is the only company with a robust solution to meet all of our needs."
By implementing the Interwoven WCM solution, NSE will empower relevant business users across the organization to directly contribute, edit, and maintain content on the Web, without IT assistance. Content in a variety of different formats can be automatically published to the Web, speeding the Web publishing process and providing investors with information that is always relevant, timely, and accurate. The task-based workflow of the Interwoven solution will also ensure that outdated information is efficiently rolled-back and versioned. Additionally, Interwoven's highly scalable and robust infrastructure will form the cornerstone for the multi-lingual Web sites that NSE plans to roll out in the near future.
"The addition of the National Stock Exchange of India to our client list is strong validation of Interwoven's continued Web Content Management leadership," said Sunil Chavan, country manager for India, Interwoven. "NSE joins a growing list of other leading financial services customers across the globe such as Citibank, ICICI Bank, Visa International, Mastercard International, Lloyds TSB Bank, Deutsche Bank, Barclays Global, and others, who are successfully leveraging Interwoven ECM solutions to optimize their customer experience and address key business process challenges."