SOURCE: Spigit

Spigit

February 03, 2016 08:00 ET

Spigit Welcomes New Board Member

Larry Freed Joins Board of Directors Amidst Rapid Growth, $13M in Investor Funding

SAN FRANCISCO, CA--(Marketwired - Feb 3, 2016) - Spigit, the leading provider of SaaS solutions for innovation management, is thrilled to announce the election of new board member Larry Freed. Freed is the current CEO and Managing Partner at 2nd Stage Partners, a privately held management consulting firm that helps early stage and second stage companies increase revenue growth in order to achieve business maturity.

Previously, Larry was CEO and Founder of Foresee, a SaaS customer experience analytics company. Mr. Freed grew Foresee from founding to over 600 customers, bringing the organization to a successful exit. Mr. Freed's appointment to the Spigit and Mindjet Board of Directors was effective December 15, 2015.

"I am honored to serve on the board of a global leader in innovation management and mind mapping software," says Freed. "I look forward to working together with the Spigit and Mindjet board and management team to continue delivering their compelling vision, and to fundamentally change how organizations approach innovation and idea management."

Spigit is the leading cloud software for crowdsourcing innovation. It is used by Fortune® 500 companies to drive their innovation initiatives, as well as engage employees and bring cutting-edge new offerings to their global customers.

"We are incredibly pleased by our recent growth, and honored that Larry has joined our Board of Directors," said Scott Raskin, CEO of Spigit and Mindjet. "Larry brings a wealth of experience and an important perspective that will no doubt positively impact the future of the company. His passion for entrepreneurship, technology, and innovation is exciting."

About Spigit
Spigit is the #1 innovation management software for crowdsourcing innovation, and helps companies unleash the power of their employees, partners, and customers to drive innovation. Spigit is used by leading companies in systems integration, financial services, insurance, pharmaceutical, healthcare, technology, and more, including IBM, Capgemini, Citibank, and Pfizer. Spigit's 4.5M users from 150+ countries have generated over $1B in increased revenue from their enterprise innovation programs. Spigit is a wholly owned subsidiary of Mindjet, and is headquartered in San Francisco with offices throughout the U.S., U.K., France, Germany, and Australia. To learn more about Spigit, please visit www.spigit.com.

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