PLEASANTON, Calif., June 10, 2009 -- Spigit, the leader in idea and innovation management software for the enterprise, announced today that CEO and founder Paul Pluschkell will present 10 Take-Aways for Innovation Management during Frost & Sullivan's 5th Annual Innovations in New Product Development & Marketing as part of a rapid-fire panel discussion at 12 p.m. PT on Wednesday, June 10 at the Grand Hyatt in San Francisco.

During the discussion, Pluschkell and two other presenters will each deliver 10 take-aways from their area of expertise related to the panel topic "Sourcing Innovation for Efficiencies in the New Economy." The 15-minute, rapid-fire presentations will be followed by a combined Q&A at the end of the session. The panel is designed to educate attendees about various tools and strategies for navigating uncertain economic times, and how they can leverage these to thrive even during a downturn.

"The advent of new social networking tools has revolutionized the innovation process by allowing progressive organizations to explore the diverse perspectives of their employees, including those not traditionally part of the innovation process," Pluschkell said. "By creating a collaborative environment where input is not only encouraged, but rewarded and even incentivized, companies can delve deeper into the collective talent and creativity of their employees, realize a greater ROI on the innovation process and even effectively measure the results."

Pluschkell has founded and led several successful and profitable high-tech strategic organizations of both private and public companies for more than 18 years. Prior to founding Spigit, Pluschkell served as a senior executive at global media and telecommunication firms, and as CEO of high tech financial markets. His first company, MXNet, successfully merged with another and went public in 1999. Pluschkell's background with content, networks and algorithmic trading are the genesis for the creation of Spigit.

InnovationSpigit(TM) is the most comprehensive innovation management platform for the enterprise, integrating emergent social collaboration with traditional workflow and analytics in employee innovation communities. Using InnovationSpigit, employees across the company can contribute ideas, offer feedback and evaluate concepts to help streamline idea generation and reveal actionable intelligence that fosters more effective and efficient decision making. IdeaSpigit(TM), a companion product, allows companies to tap the voice of the customer to drive innovative new products and services.

Spigit's award-winning innovation solutions are already in use by several Fortune 2000 companies and other well-known brands at the forefront of innovation, including Pfizer, IBM, Southwest Airlines, and Choice Hotels International. The company was recently named to InformationWeek's Startup 50 list of the top business technology startups as selected by readers and editors.

For more information about Spigit's award-winning innovation solutions, visit www.spigit.com.

The executive-level Frost & Sullivan Innovations in New Product Development & Marketing MindXchange delivers strategies and tools for navigating and thriving in uncertain times. Frost & Sullivan events bring Global 1000 executives together in interactive environments where participants can actively discuss and learn how to apply best practices.

About Spigit

Spigit is the leading developer of social productivity software for enterprises to drive innovation and empower decision makers. Spigit's product offerings range from the intra-enterprise InnovationSpigit(TM) to its customer-facing IdeaSpigit solutions. Spigit currently powers innovation projects at numerous Fortune 500 companies and has been named Best of Software Interop 2008 and is listed on the AlwaysOn Global 250 list, the power list of the top 250 private global technology companies. For more information, visit www.spigit.com.

SOURCE Spigit