SOURCE: Spigit

Spigit

May 12, 2011 09:02 ET

Spigit Makes a Clean Sweep at the 2011 Network Products Guide Awards, Receiving "Executive of the Year" Award for CEO Paul Pluschkell, and for Best "Social Media and Entertainment, Networking or Collaboration Solution"

PLEASANTON, CA--(Marketwire - May 12, 2011) - Spigit announced today that Network Products Guide, the industry's leading technology research and advisory guide, has named Spigit CEO and Founder, Paul Pluschkell, winner of the 6th Annual 2011 Hot Companies and Best Products Award for "Executive of the Year," and Spigit's S3 product best "Social Media and Entertainment, Networking or Collaboration Solution." Winners from all over the world were honored in Las Vegas on Tuesday, May 10, 2011 during the 6th annual dinner and presentations. These industry and peer awards from Network Products Guide are the world's premier information technology awards honoring achievements and recognitions in every facet of the IT industry.

The wide success of its S3 software solution gained Spigit an award for best "Social Media and Entertainment, Networking or Collaboration Solution," beating out Salesforce.com's Chatter product. Spigit's S3 version is based on an entirely new widget-based framework that enhances the flexibility and scalability of Spigit's award-winning platform, allowing it to truly adapt with the needs of a business or organization. A majority of the new features in this platform were sourced by Spigit customers, and allow organizations to effectively tap into the collective intelligence of employees, enabling social innovation and driving actionable business results.

It wasn't much of a surprise to Spigit that its CEO and Founder, Paul Pluschkell, took home the gold for "Executive of the Year," given his unique vision and team-based leadership in creating the top global social innovation management software in the market in four short years. Since the company's inception in 2007, Spigit has grown consistently, and currently leads in market-share of licensed customers and recurring revenue. The company reported impressive growth of 520% for Q1 2011 versus Q1 2010, driven by strong international expansion with record numbers for both international bookings and customers added in Q1 2011. Spigit expects high levels of success to continue with pipeline growth of over 300% vs. 2010 (in addition to powering the innovation efforts of over 25% of the Fortune 500). Spigit also boosted its employee headcount by 26 at the end of Q4 2010 to 110 to date, and recently expanded reach outside of the US into EMEA and Latin America.

"It is an honor to be recognized for both 'Executive of the Year' and best 'Social Media and Entertainment, Networking or Collaboration Solution' by Network Products Guide," said Paul Pluschkell, CEO and Founder, Spigit. "In four short years, we have become the global leader in social innovation software for the enterprise. Spigit provides the tools for interaction, allowing social forces to transform crowd chatter into a cohesive community that delivers results. Social innovation is a new paradigm for finding unexpected business value. Instead of building out centralized innovation teams, you make use of the edge: your employees and customers."

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About Spigit

Spigit is the leading provider of social innovation management software, connecting employees, customers and business partners for innovation and insight discovery. Using enterprise-grade social technology, Spigit's software taps into the collective intelligence of an organization and transforms it into actionable, predictive information. By incorporating incentives, idea graduation, idea trading and real-time analytics, Spigit allows companies to harness the social capital within. Our technologies are used by the largest and most innovative companies in the world including: Overstock.com, AAA, Southwest Airlines, and Lloyds TSB. Spigit currently powers innovation projects at numerous Fortune 2000 companies and has been named one of JMP Securities' 2011 "Hot 100" software companies, CIO Magazine's 20 to Watch in 2011, and is listed on the AlwaysOn Global 250 list, the power list of the top 250 private global technology companies. For more information, visit www.spigit.comor call 1-855-SPIGIT1

About Network Products Guide Awards

As industry's leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com

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