spigit

About spigit

In 2007, a time of burgeoning social technology, founder Paul Pluschkell launched Spigit with a core thesis: a company's best new ideas are often locked away inside the minds of its own people. The firm developed an enterprise software platform designed to unlock that collective intelligence. It was, in essence, a marketplace for ideas, using crowdsourcing, gamification, and analytics to let employees, customers, and partners submit, discuss, and vote on new concepts. The company's software enabled large organizations to systematically surface and evaluate ideas, turning innovation from a random occurrence into a manageable process. This new category of 'ideation management' attracted significant attention, and Spigit raised over $55 million in funding from investors like Warburg Pincus to scale its operations and reach global customers. The journey culminated in a significant event in December 2018, when Spigit was acquired by Planview, a major player in work and resource management. The acquisition integrated Spigit's innovation capabilities directly into Planview's broader suite of enterprise planning tools. Rebranded as IdeaPlace, the platform that began as a way to capture ideas became a foundational piece for executing them, completing the lifecycle from concept to project.