Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0200777e-1cb8-43bd-bff1-d81375b2aae1&Preview=1
Date 3/15/2011
Company Name Spigit
Mailing Address 311 Ray Street Pleasanton, CA 94566
Company Description Spigit is a purpose built social networking tool used by leading companies to connect their employees, customers and business partners for idea and innovation discovery. Using sophisticated analytics built on advanced mathematics, Spigit takes us beyond information gathering and analyses to real time decision making and meaningful prediction. Spigit’s advanced algorithms and business process allows you to capture and compute all of your employees’ unstructured published data while simultaneously filtering out the noise and discovering intelligence. By employing game theory, currency, idea trading, rewards, and rich dynamic reporting Spigit allows you to get the most out of your key assets.
Proceeds Purposes Spigit will use the growth capital to continue to build on its strong customer base, expand its product development, and invest in its sales and marketing efforts.