Press Release
Spigit Powers UBM TechWeb's Enterprise 2.0 Conference Call for PapersEnterprise 2.0 Conference utilizes Spigit's collaborative software to harness proposalsPLEASANTON, CA--(August 3, 2010) - Spigit, the leader in innovation management software, announced today that Enterprise 2.0?s Call for Papers will be driven by the company?s collaborative ideation platform. UBM TechWeb, producers of Enterprise 2.0 Conference, became familiar with Spigit?s unique approach to innovation management during Spigit?s attendance at last year?s conference. By opening up a platform to the E2.0 community, the event organizers aim to streamline Enterprise 2.0?s Call for Papers process and allow for a more transparent experience where all members can participate. "Our financials for the first half of 2010 were outstanding, achieving record bookings and revenue that's the strongest since our inception in 2007," said Paul Pluschkell, CEO and co-founder of Spigit. "In three short years we have become the leader in new customer acquisitions and total revenue due to three key differentiating components: software algorithms, behavioral science methods and game mechanics. We've made significant inroads in market share and have seen strong growth in products, customers and average deal size, reinforcing our position as the leading idea management provider. We expect continued growth through the rest of the year as we grow our global customer base and further invest in customer service, product development, and leading edge technology." Company Growth and Business Results Spigit's rapid growth and expansion in the idea management space aligns with recent sentiment from companies that are looking to use innovation and idea management to not only differentiate themselves from competitors, but to advance companies out of the economic recession. The company's recent success proves that Spigit is creating a new software category in SAAS Idea Management. For the first time, companies have the opportunity to innovate using their own resources. They are now in a position to create their future. According to a Boston Consulting Group report on innovation from 2010, 72 percent of respondents said that their companies consider innovation a top-three priority, versus 64 percent in 2009. 84 percent of respondents said their companies consider innovation an important or extremely important lever in their ability to reap the benefits of an economic recovery. Product Highlights Spigit continued its work with government agencies with the launch of CitizenSpigit, giving citizens greater access to government entities by allowing them to work hand-in-hand with citizens and employees to create better communities and make more informed decisions. Finally, ContestSpigit was launched as Spigit's first idea management platform built specifically for external facing communities, allowing companies to truly use the wisdom of the crowds for new ideas and better decision making. ContestSpigit was used by Cisco in their second successful I-Prize competition, where the next Billion-dollar business was identified. C-Level Hires New Customers Supporting Resources
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About Spigit Media Contacts:Melissa Chancelor Company Contact:Brian Wick |
