RealTime IT News

Schwab Selects Management Tool for Its Intranet

King bank Charles Schwab & Co. Inc. Monday chose Interwoven Inc.'s content management standard for its global intranet.

Financial terms were not made public.

Designed to link 25,000 employees, the intranet, or SchWEB as its called, will be monitored by Interwoven's TeamSite software to empower approximately 1,000 content contributors across all of Schwab's business units worldwide.

TeamSite is a content management software package that allows technical and non-technical contributors to develop and test Web content prior to publishing and, at the same time, enables centralized control through its workflow capabilities.

It also allows global content contributors to contribute regional specific content in local languages.

Schwab's Vice President Anne Barr said the giant bank had already been running TeamSite on a portion of its intranet. Barr said it was just logical to extend it across the entire corporate network.

"Schwab is a culture-driven company, and an effective intranet nurtures that culture and ensures our competitiveness by enabling our employees to better serve our customers in the real time e-business environment," Barr said.