Spigit
Spigit is a company.
Active
Updated: ·
Financial History
Total Raised
N/A
Valuation
N/A
Leadership Team
Key people at Spigit.
Spigit is a company.
Key people at Spigit.
Spigit was an enterprise-class crowdsourcing and innovation management software platform that enabled organizations to generate, manage, and execute ideas for business strategies, product development, and operational efficiencies.[1][2][3] It served large enterprises across industries like financial services, insurance, pharmaceuticals, healthcare, technology, manufacturing, consumer products, and energy, with over six million users in 170 countries at the time of its acquisition.[2][3] The platform solved the challenge of harnessing collective intelligence from employees, customers, and partners to accelerate innovation, drive employee engagement, and deliver analytics-driven insights, ultimately reducing time-to-market and boosting revenue.[1][3]
Founded in 2009 and raising $54.95M before being acquired by Planview in 2018 (and rebranded as Planview IdeaPlace), Spigit demonstrated strong growth momentum, including record revenue and customer renewals pre-acquisition, complemented by advancements like machine learning for idea analysis.[1][2][4]
Spigit was founded in 2009 as a pioneer in crowdsourced innovation management, quickly establishing itself as a leader with patented "crowd science" technology to prioritize ideas through high employee engagement.[1][3] Key details on founders are not specified in available records, but under President and CEO Scott Raskin, the company grew to serve innovative enterprises worldwide, powering programs that fostered cultural transformation.[3]
A pivotal moment came in an earlier merger with Mindjet (developer of MindManager mind mapping software), which combined visual collaboration tools with Spigit's ideation platform to manage innovation from idea creation to project completion, enhancing differentiation in a commoditizing market.[5] This set the stage for its 2018 acquisition by Planview, a work and resource management leader, integrating Spigit (now IdeaPlace) as a core solution for the full innovation lifecycle alongside portfolio and agile delivery tools.[2][4]
Spigit rode the wave of digital transformation and enterprise innovation management, where organizations increasingly turned to crowdsourcing to tap internal wisdom amid rapid market changes.[3] Its timing was ideal in the mid-2010s, as companies faced pressure for faster product differentiation and process improvements—trends amplified by agile methodologies and data-driven decision-making.[2][3]
Market forces like employee engagement demands, unstructured data proliferation, and the need for innovation beyond siloed R&D favored Spigit, positioning it ahead of competitors like IdeaScale, HYPE Innovation, and Miro by emphasizing end-to-end execution over pure ideation.[1] Post-acquisition, it influenced the ecosystem by embedding innovation into broader work management platforms, enabling Planview customers to link ideas directly to portfolios, reducing silos, and accelerating outcomes in a landscape shifting toward integrated tech stacks.[2][4]
As Planview IdeaPlace, Spigit's legacy endures in enterprise innovation, with potential for AI enhancements to further automate idea-to-impact workflows amid rising demands for generative AI in ideation.[3] Trends like hybrid work, sustainability-driven innovation, and real-time collaboration will shape its path, likely expanding integrations with tools like Miro for visual strategy.[1][2]
Its influence may evolve from standalone crowdsourcer to indispensable WRM component, empowering more organizations to operationalize ideas at scale—echoing its origins as a pipeline-builder for tomorrow's strategies.[4]
Key people at Spigit.