Company description
spigit sells enterprise software to increase efficiency, innovation and revenue.
Team
Paul Pluschkell, founder and CEO of spigit, is also a
managing partner of Raven Holdings, an emerging technology management
fund. Before founding spigit, Mr. Pluschkell served as president and
CEO of HyperFeed Technologies, which focused on building low latency
ticker plants for exchanges and hedge funds, from 2003 to 2006. Mr.
Pluschkell founded MXnet, a financial market extranet, in 1996, and
then sold it to IXNet/IPC. After the sale, Mr. Pluschkell served as an
IXNet officer; the company was sold to Global Crossing in 1999. Mr.
Pluschkell became executive vice president of sales, products, and
marketing for Global Center, a Global Crossing subsidiary. Following
the subsidiary's sale to Exodus Communications in 2001, Mr. Pluschkell
became president of broadband at Global Crossing, where he served until
2002. Mr. Pluschkell received his BS degree from Eastern Illinois
University and completed master's course work at the University of
Dallas.
Padmanabh Dabke, spigit's founder and CTO, is a
versatile IT professional with more than 12 years of industry
experience. He has an excellent track record in transforming concepts
to real products. His past successes include Core Processing System
(CPU), an early CORBA-based version of Service Oriented Architecture
(SOA) platform; MoneylineConnect, a financial data infrastructure; and
Stringbeans, an open source portal servers compatible with JSR-168
portlet standard. Padmanabh has published several journal and online
articles. He is currently serving on the expert group working on JSR
286 Portlet 2.0 standard. Padmanabh has a PhD from Stanford University,
MS from Clemson University, and B.Tech from Indian Institute of
Technology, Mumbai.
Business model
Business Innovation
relies on effective and continual communication between your employees, customers
& partners. We sell software that increases efficiency, innovation and revenue for large enterprises.
Competitive advantage
The heart of our technology is our
IdeaRank, RepUrank and
currency management, integrated with
innovation markets,
prediction markets, social networking, and
contests and challenges.
Current innovation and feedback solutions that only utilize popular
vote can produce results with little objectivity and filtering, leading
to an expensive and time consuming evaluation process. Leveraging a
smaller audience with targeted expertise can be more manageable;
however, it drastically reduces the size of your audience and loses the
voice of the overall population. By using a multitude of algorithms,
spigit optimizes the value of an individual’s contributions and
expertise, and in the process dramatically improves the results
produced by traditional network-enabled feedback mechanisms (social
networks, traditional voting and review systems), while keeping
traditional methods for engaging users and capturing feedback constant.