Innovation management vendor Spigit plans to boost development, staff with new funding

The company raised about $15 million in its latest funding round

Spigit, an enterprise social collaboration vendor whose software helps companies with idea generation and management, has raised US$15.2 million in its latest funding round and plans to use the money in part to boost its partner roster and launch a new platform.

Spigit, which has now raised a total of $41.2 million since its founding five years ago, plans to increase the number of partners whose products integrate with its software. The company already integrates with software from Jive Software, Yammer and Salesforce.com.

It will also use the funding infusion to boost its product development, grow its staff and launch what is describes as a new "crowd innovation platform" called Icon, which it plans to launch next month.

This latest funding round was led by Warburg Pincus.

Spigit's enterprise social software is designed for organizations to manage the process of collective brainstorming, so that they can develop innovative strategies and products in a more efficient and effective manner.

Spigit's software is used by about 5 million end users in companies like Overstock.com, Allstate, Cisco, Estee Lauder and Capgemini. Its customer base includes 25 percent of the Fortune 100 companies.

Juan Carlos Perez covers enterprise communication/collaboration suites, operating systems, browsers and general technology breaking news for The IDG News Service. Follow Juan on Twitter at @JuanCPerezIDG.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Juan Carlos Perez

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?