Spigit is Named a Top Innovation Management Vendor in New Study

Spigit has the Largest Revenue Base Among All Innovation Management Companies Evaluated

San Francisco, CA – April 13, 2016 – Spigit, the creator of award-winning cloud software for innovation management, today announced that Forrester Research has recognized Spigit as a leader and as the largest vendor of innovation management solutions with the largest revenue base in their new report The Forrester Wave™: Innovation Management Solutions, Q2 2016. The report led by Forrester analysts Dan Bieler, Pascal Matzke, Carmen Stoica, and Ian McPherson, explores the fast-growing innovation management space and they discovered that 69% of the surveyed companies are currently using innovation management solutions.

Spigit CEO Scott Raskin said, “We are honored to be recognized by Forrester Research as a leader and as the largest vendor of innovation management solutions. Spigit is at the forefront of the fast-growing innovation management space with the largest market share. When it comes to creating a culture of innovation and generating fresh, new ideas to drive business goals, more and more top global organizations are turning to Spigit as their innovation management solution of choice.”

Spigit among vendors who “Scored Higher for Strategic Vision and Value Creation”

Spigit is cited among vendors who “scored higher for strategic vision and value creation.” Forrester report states that Spigit and another vendor “are Leaders due to their breadth of both front-end innovation and idea management processes as well as back-end underlying governance processes and structures.

The Forrester report states “Spigit focuses on solutions that not only support ideation, but change customers’ innovation processes themselves through templates and guidance.”

Forrester also states in the report, “Customer feedback underlined the ease of dealing with Spigit as a real positive. Customers consider Spigit’s willingness to invest and grow in new innovation projects to be very important.”

Spigit makes innovation Business-As-Usual

Forrester states in the report, “Spigit believes in fundamentally changing the way organizations and people work, making innovation ‘business-as-usual’.” Forrester Research discovered that 45% of the surveyed companies said that “incremental innovation” is their top reason “to use an innovation management solution for their innovation initiatives.”

Spigit has partnered with leading management consulting firms to expand the adoption of innovation management. The Forrester report states, “To boost cultural and organizational change, Spigit has partnered with innovation practices at Capgemini, PwC, CGI, IBM, Deloitte, Booz-Allen, and Cognizant. These partners integrate Spigit in their sales processes and solution offerings.”

Spigit advocates that innovation management, or the process of crowdsourcing new ideas from employees, users, or developers, is integral for all companies and organizations to stay competitive. Organizations can harness the social capital within their communities and pinpoint new ideas that can drive revenue and generate cost savings.

Spigit attributes its position in the report to its invested approach of working side-by-side with customers to provide strategic guidance on the design and execution of innovation challenges for effective employee engagement. Spigit’s cloud- and mobile-based crowdsourcing solution empowers organizations to engage with their internal and external crowds through real-time feedback, and gamification features.

Spigit’s customers are spread across large industries that include financial services, manufacturing, and healthcare. Spigit’s customers have generated over a billion in new revenues by running creative innovation and idea generation challenges.

About Spigit

Spigit is a recognized market leader of innovation management. Spigit has transformed innovation for large industries including financial services, manufacturing, healthcare, energy, and more. Spigit’s cloud- and mobile-based crowdsourcing solution empowers organizations to engage with their internal and external crowds of employees, users, or partners through real-time feedback and gamification features. Spigit’s 4.5 million users from 150+ countries have generated over $1 billion in increased revenue from their enterprise innovation programs. Spigit’s highly customizable solution offers simultaneous releases in 11 languages. All proprietary information is protected by six global data centers. Spigit is headquartered in San Francisco with offices in the USA, UK, France, Germany, and Australia. Learn more at www.spigit.com.