Spigit’s Annual Growth Jumps by 32% as Organizations Race to Innovate

Market-Leading Energy, Financial Services, Manufacturing, and Healthcare Companies rely on Spigit’s Crowdsourcing Innovation Cloud Software

San Francisco, CA – March 17, 2016 – Spigit, the leading SaaS solution for crowdsourcing innovation, today announced record business growth including a 32% increase in new customers in 2015 and expansion across major industry segments of financial services, healthcare, manufacturing, and energy. Spigit is transforming innovation across industries for customers which include: AT&T, Citibank, Duke Energy, MetLife, Pfizer, Southern Company, Sprint, Unilever, UnitedHealth Group and more.

In addition, Spigit’s momentum in the financial services industry is also accelerating with global customers that now include Cigna, CSAA Insurance Group, and KBC Bank. The total market cap of the financial services companies that have chosen Spigit exceeds $2 trillion.

Spigit CEO Scott Raskin said, “Our customers want to build a culture of innovation and they need an innovation solution that is smart, secure, and agile to find the most valuable ideas. Spigit provides just that and we’re absolutely thrilled that we are mobilizing today’s leading companies to drive innovation initiatives in a competitive global arena.”

Organizations want to stay a step ahead of disruptive technologies

The rise of the sharing economy and disruptive digital technologies have transformed consumer lifestyles across all traditional sectors such as financial lending or car ownership. As a result, an increasing number of the world’s leading organizations have turned to Spigit to drive their innovation initiatives and deliver cutting-edge offerings to their customers.

Sofie Blockx, Head of Corporate Change and Culture, KBC Bank, said, “In the past, the financial sector has been viewed as bureaucratic and sometimes slow to evolve, but that won’t work in the 21st century economy. With Spigit, we have been able to unlock the creative potential of our employees to discover new, customer-focused innovations that addresses their priorities and how they prefer to interact with their local bank.”

Spigit propels its expansion, adds new executives

Spigit is proud to announce the hiring of Paul Brook as the company’s first Chief Customer Officer. Brook brings more than 20 years of experience running world-class customer success and support organizations. At Spigit, he is responsible for Customer Success, SaaS Operations, Professional Services, Technical Support, Customer Education, and Account Management &

Spigit is honored to have Larry Freed join as a Member of its Board of Directors. Freed is the CEO and Managing Partner of 2nd Stage Partners. Prior to that, he was the CEO and Founder of ForeSee, a SaaS customer experience analytics company. Spigit’s 32% customer growth is on the heels of a $13 million financing round led by Investor Growth Capital (IGC). Spigit’s expansion is increasing globally across industries in the USA, Canada, Europe, and Asia-Pac.

About Spigit

Spigit is a recognized market leader of innovation management. Spigit’s award-winning cloud software for crowdsourcing innovation lets organizations draw on the expertise of their employees, customers, partners, or developers to innovate new ideas for products and services, customer experience and process efficiencies. Spigit’s 4.5M users from 150+ countries have generated over $1 billion in increased revenue from their enterprise innovation programs. Spigit’s mobile-first SaaS 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.

Media Contact
Mary Ellen Ynes
GMK Communications