Spigit Named 'Cool Vendor' in the High Performance Workplace by Leading Analyst Firm

PLEASANTON, Calif., April 8, 2008 /PRNewswire/ -- Spigit, a leader in social productivity software for the enterprise, announced that it has been named a Cool Vendor in "Cool Vendors in the High Performance Workplace, 2008" by Gartner, Inc. The report issued on April 4, 2008 lists spigit as one of five companies included for seeking "to optimize social communities by bringing down barriers through more effective interfaces and by bridging some Web 2.0 product gaps that have frustrated and isolated some users."

Gartner defines a "cool vendor" as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in the past six months.

The "Cool Vendor in the High Performance Workplace, 2008" report, which was authored by Gartner analysts Toby Bell, Tom Austin, Anthony Bradley and Brian Prentice, include the following key findings:

    --  Social communities are essential concepts both on the Web and in
        enterprises
    --  Improving the value of communities requires new and improved
        analytical tools that can infer relationships between people, roles,
        relationships and information of mutual benefit
    --  Social analytics, expertise location, interenterprise meeting
        coordination, enterprise Internet reputation management (EIRM) and
        contextually intelligent collaborative authoring are all more than
        buzzwords.  They are part of a trend toward spanning the gulfs that
        keep people and information apart - and to manage the outcomes
        resulting from increased interactions online.

"Web 2.0 technology is about building social communities, but the truth is that many are not built to provide easy and elegant interaction between users," said Tom Austin, VP and Gartner Fellow in the report. "Cool Vendors in the High Performance Workplace collectively add value by bringing people, their ideas, and their social and business interactions into better context."

"We are honored to be selected by Gartner as a Cool Vendor as recognition of what we have accomplished to date," said Paul Pluschkell, CEO and founder of spigit. "Customer needs are constantly changing and companies need to innovate faster than ever. Spigit provides the platform for enterprises to take advantage of their scale and become more efficient, more innovative, and increase revenue and bottom-line growth."

Spigit is the only social productivity platform that moves beyond popular opinion to drive innovation, utilizing advanced algorithms and reputation weighted analysis of social interactions to identify the best ideas and key contributors. The platform integrates social networking, a growing list of feedback mechanisms such as prediction and idea trading markets, automated idea graduation, weighted reputation, and an incentive and rewards system to engage users and evaluate content. Spigit's social productivity platform ranges from intra-enterprise (InnovationSpigit) to consumer-facing (IdeaSpigit) solutions.

Several Fortune 500 companies are using spigit to quantify social interactions in and around their organization and quickly discover and drive innovation initiatives every day.

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About spigit (http://www.spigit.com)

Spigit develops social productivity software for enterprises to drive innovation and empower decision makers. Spigit's product offerings range from intra-enterprise (InnovationSpigit) to customer-facing (IdeaSpigit) solutions.