Spigit
Encyclopedia
Spigit is a technology company based in Pleasanton
, California
that provides a software as a service
(SaaS) platform for enterprise innovation management
. The company provides three core services: internal employee innovation management through collaboration
and crowdsourced feedback; external idea management; and prediction markets for internal and external crowdsourced forecasting
. The company's stated goal is to make organizations better at innovation
and business decisions through community
, analytics
and workflow
.
Spigit was founded by Paul Pluschkell in 2007. In October 2009, the company received a $10 million Series B investment from Warburg Pincus
, followed by a second round of $10 million from Warburg Pincus
in March 2011. Spigit sells into the global enterprise market, and has been recognized with industry awards, including InformationWeek
Startup 50 2009, Best of Software Interop, and AlwaysOn Global250 List. In January 2011, CIO Magazine named Spigit one of Twenty Companies to Watch in 2011.
Pleasanton, California
Pleasanton is a city in Alameda County, California, incorporated in 1894. It is a suburb in the San Francisco Bay Area located about east of Oakland, and west of Livermore. The population was 70,285 at the 2010 census. In 2005 and 2007, Pleasanton was ranked the wealthiest middle-sized city in...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
that provides a software as a service
Software as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
(SaaS) platform for enterprise innovation management
Innovation management
Innovation management is the discipline of managing processes in innovation. It can be used to develop both product and organizational innovation. Without proper processes, it is not possible for R&D to be efficient; innovation management includes a set of tools that allow managers and engineers to...
. The company provides three core services: internal employee innovation management through collaboration
Collaboration
Collaboration is working together to achieve a goal. It is a recursive process where two or more people or organizations work together to realize shared goals, — for example, an intriguing endeavor that is creative in nature—by sharing...
and crowdsourced feedback; external idea management; and prediction markets for internal and external crowdsourced forecasting
Forecasting
Forecasting is the process of making statements about events whose actual outcomes have not yet been observed. A commonplace example might be estimation for some variable of interest at some specified future date. Prediction is a similar, but more general term...
. The company's stated goal is to make organizations better at innovation
Innovation
Innovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...
and business decisions through community
Community
The term community has two distinct meanings:*a group of interacting people, possibly living in close proximity, and often refers to a group that shares some common values, and is attributed with social cohesion within a shared geographical location, generally in social units larger than a household...
, analytics
Analytics
Analytics is the application of computer technology, operational research, and statistics to solve problems in business and industry. Analytics is carried out within an information system: while, in the past, statistics and mathematics could be studied without computers and software, analytics has...
and workflow
Workflow
A workflow consists of a sequence of connected steps. It is a depiction of a sequence of operations, declared as work of a person, a group of persons, an organization of staff, or one or more simple or complex mechanisms. Workflow may be seen as any abstraction of real work...
.
Spigit was founded by Paul Pluschkell in 2007. In October 2009, the company received a $10 million Series B investment from Warburg Pincus
Warburg Pincus
Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...
, followed by a second round of $10 million from Warburg Pincus
Warburg Pincus
Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...
in March 2011. Spigit sells into the global enterprise market, and has been recognized with industry awards, including InformationWeek
InformationWeek
InformationWeek is a weekly print magazine, an online site with corresponding face-to-face and virtual events, and research. It is headquartered in San Francisco, California and was first published in 1979 by CMP Media, later called CMP Technology. On February 29, 2008, CMP Technology was...
Startup 50 2009, Best of Software Interop, and AlwaysOn Global250 List. In January 2011, CIO Magazine named Spigit one of Twenty Companies to Watch in 2011.
Products
The company provides the following products:- EnterpriseSpigit: Front end of the innovation process: crowdsourcingCrowdsourcingCrowdsourcing is the act of sourcing tasks traditionally performed by specific individuals to a group of people or community through an open call....
idea capture, feedback, collaboration, game mechanics and analytics - SpigitFusion: Evaluation workflowWorkflowA workflow consists of a sequence of connected steps. It is a depiction of a sequence of operations, declared as work of a person, a group of persons, an organization of staff, or one or more simple or complex mechanisms. Workflow may be seen as any abstraction of real work...
, used after the initial idea collection phase to evaluate and select ideas from experts and executives - SpigitEngage for SharePoint: Spigit's innovation management functionality, built native inside SharePoint 2010
- SpigitEngage for Facebook: Companies engage customers directly from their FacebookFacebookFacebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...
pages, soliciting ideas, and running challenges and contests - PredictionSpigit: Prediction markets, tapping the distributed knowledge and judgment of diverse crowds
See also
- Innovation managementInnovation managementInnovation management is the discipline of managing processes in innovation. It can be used to develop both product and organizational innovation. Without proper processes, it is not possible for R&D to be efficient; innovation management includes a set of tools that allow managers and engineers to...
- Social networkSocial networkA social network is a social structure made up of individuals called "nodes", which are tied by one or more specific types of interdependency, such as friendship, kinship, common interest, financial exchange, dislike, sexual relationships, or relationships of beliefs, knowledge or prestige.Social...
- Enterprise social softwareEnterprise social softwareEnterprise social software , comprises social software as used in "enterprise" contexts. It includes social and networked modifications to corporate intranets and other classic software platforms used by large companies to organize their communication...
- CrowdsourcingCrowdsourcingCrowdsourcing is the act of sourcing tasks traditionally performed by specific individuals to a group of people or community through an open call....
- Prediction markets