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Spigit Recognized as a Hot Company in the Emerging Social Enterprise Market

Social Innovation Leader Named as Hot Vendor in 2012 Aragon Research and JMP Securities "Hot 100" Software Company (June 28, 2012)

PLEASANTON, CA -- (Marketwire) -- 06/28/12 -- Spigit, the global leader in Social Innovation Software, has been honored with two separate awards based on its growth and its contributions to social enterprise technology.

Specifically, Spigit's enterprise-grade innovation solution was chosen for inclusion by Aragon Research in its "Hot Vendor Social and Ideation Report" (Jim Lundy, June 2012) in the Idea Management category. Spigit was also included in the JMP Securities "Hot 100" best privately held software companies list for the second consecutive year.

The Hot Vendor list from Aragon Research identifies a list of high impact technology providers from whom their customers can benefit. "Spigit is both a Social Network and an Idea Management engine, all in one offering," said Aragon in the report. "What makes Spigit hot is the unique combination of crowdsourcing and game mechanics that enables their SpigitEngage platform to help enterprises deliver on the promise of finding the next big idea."

JMP Securities compiles the "Hot 100" list by selecting privately held software companies based on: financial growth, products and services, quality of leadership, customers and market potential.


"The social enterprise is no longer a trend, but the future of work and we are pleased to be recognized as one of the companies pioneering this market," said Paul Pluschkell, CEO and Founder, Spigit. "Spigit not only provides the framework for collaboration and employee engagement, but the tools for idea generation and innovation. Companies recognize the need for context and relevancy in social tools as they seek to compete better, enter new markets and evolve their product offerings. Social innovation through Spigit helps our customers achieve this transformation."

The five-year-old Company has seen significant success bolstered by a rapidly growing customer base, with 2011 milestones including:

  • The launch of ICON -- a free crowdsourcing platform that gives employees and organizations a quick way to tap their co-workers or external networks for ideas, knowledge and feedback
  • 133 percent bookings growth year-over-year
  • Adding nearly 100 new brand name clients in 2011, and over 500 customers on ICON
  • Used by over 6 million customers' employees, including the world's leading brands in various segments

Across the globe, Spigit is at work helping to activate crowds, linking communities and accelerating Social Innovation.

About Spigit
Spigit is a leading global Social Enterprise company. We power Social Innovation and help organizations capture, rank and execute the best ideas from employees, customers and partners.

Leveraging crowdsourcing, game mechanics and big data analytics, Spigit's platform drives enterprise innovation to grow revenue, reduce costs and expand employee and customer engagement.

The world's leading brands including major Retail, Healthcare, Financial, Technology, Government, Insurance, Utilities and Pharmaceutical companies use Spigit. For more information about how you can enable crowd innovation for your enterprise, visit www.Spigit.com, email info@spigit.com or call 1-855-SPIGIT1.

DISCLAIMER LANGUAGE
Aragon Research does not endorse vendors, or their products or services that are referenced in its research publications, and does not advise users to select those vendors that are rated the highest. Aragon Research publications consist of the opinions of Aragon Research and Advisory Services organization and should not be construed as statements of fact. Aragon Research provides its research publications and the information contained in them "AS IS," without warranty of any kind.

Media Contacts:
Sarah Borup
SHIFT Communications
617-779-1803
spigit@shiftcomm.com

Annie Lawrenson
Spigit, Inc.
925-452-6519
alawrenson@spigit.com


Copyright @ Marketwire

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Related Keywords: social innovation, crowdsourcing, social enterprise, collaboration, social business, enterprise 2.0, Marketwire, Financial, Medical, Business, Email,

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