Spigit

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Spigit
Private
Industry Innovation Management Software
Founded 2007
Headquarters San Francisco, California
Key people
Paul Pluschkell Founder
James Alexander Gardner
Products Innovation management
Social network
Crowdsourcing
Prediction market
Website Spigit.com

Spigit® is a privately held software company based in San Francisco, California, and is the largest provider of innovation management software for Fortune 500 companies and to many of the world's top brands including AT&T, Citibank, MetLife, Kimberly-Clark, CSAA, UnitedHealth Group, Li & Fung Limited, Duke Energy, CH2M, Polaris Industries, Siemens, Pfizer, and UNHCR.[1]

Forrester Research has named Spigit as the Largest Vendor of innovation management solutions with the largest revenue base in their report The Forrester Wave: Innovation Management Solutions, Q2 2016.[2]

Spigit is a cloud-based software application that is highly configurable and allows large organizations to simultaneously run multiple crowdsourced innovation challenges for idea-generation that can be run globally allowing thousands of people to participate.

More than 5 million users around the world have participated in Spigit-powered innovation programs, and companies have filed over 200 patents and realized over $1 billion in revenue through their enterprise innovation programs.[3]

Leading industry system integrators such as IBM, PwC, Capgemini, Deloitte, Booz Allen Hamilton, Accenture, and CGI have partnership agreements with Spigit.[2]

Spigit is headquartered in San Francisco, California, with European regional headquarters in London and Asia-Pacific headquarters in Sydney; the company also maintains data centers located in these regions to support local customers.[4]

History[edit]

Spigit was founded by Paul Pluschkell in 2007.[5] The company received $10 million in Series B funding from Warburg Pincus[6] in October 2009, and a second round of investment from them in March 2011.[7] In 2013, Spigit raised $10 million in new equity from Pico Holdings Inc. In 2015, Spigit raised $13 million in new financing led by its largest current investor, Investor Growth Capital.[8]

In September 2013, Spigit was acquired by Mindjet, maker of industry leading mind mapping software MindManager. Mindjet became the parent company of both Spigit and MindManager. Mindjet CEO Scott Raskin took over as the CEO of Spigit.[9]

On August 9, 2016, Mindjet sold its name and MindManager to Corel Corporation. Mindjet Corporation will be renamed Spigit Corporation. CEO Scott Raskin continues in his role as the President & CEO of Spigit and as a member of the Board of Directors of Spigit. [10]

Products[edit]

The company provided a number of products, such as Icon, a free crowdsourcing tool, and SpigitEngage[11] used for crowdsourcing ideation, enterprise innovation, collaboration, game mechanics and analytics gamification.

See also[edit]

References[edit]

  1. ^ Spigit. "Spigit Secures $13 Million in Strategic Funding; Announces Record Quarter". www.prnewswire.com. Retrieved 2016-09-06. 
  2. ^ a b "Spigit is Recognized as a Leader and the Largest Vendor of Innovation Management Solutions in Independent Report". MarketWired. 
  3. ^ "Spigit Drives Employee Engagement at Global Enterprises With All-New Mobile Experience". Retrieved 2016-09-06. 
  4. ^ "About Spigit Innovation Management Software". Retrieved 2016-09-06. 
  5. ^ Spigit: About Us
  6. ^ New York Times: Spigit Raises Capital for Workplace Social Network
  7. ^ TechCrunch: Warburg Pincus Invests Another $10M In Idea Management Platform Spigit
  8. ^ https://www.spigit.com/project/spigit-funding-announcement-2015. Retrieved 2015-10-27.  Missing or empty |title= (help)
  9. ^ https://aragonresearch.com/mindjet-merges-with-spigit-moves-toward-social-business-via-innovation-management. Retrieved 2013-10-08.  Missing or empty |title= (help)
  10. ^ https://www.mindjet.com/press-release/corel-acquires-mindmanager. Retrieved 2016-08-09.  Missing or empty |title= (help)
  11. ^ "Mindjet Announces Top Speaking Roles at Two Major European Innovation Conferences This Spring". BCW. 2015-03-13. Retrieved 2015-07-13. 

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