PLEASANTON, California, August 28 /PRNewswire/ --

- New Innovation Community Advances Work-Related Adoption of Immersive
Internet

Spigit, the market leader in Enterprise Innovation and Idea Management
software, today announced it has been selected by ThinkBalm, a leader in IT
industry analysis and strategic advisory services focused on the Immersive
Internet, to power its recently announced innovation community.

The ThinkBalm Innovation Community is focused on work-related use of the
Immersive Internet -- virtual worlds and campuses, immersive workspaces and
applications, and immersive learning simulations. ThinkBalm established the
ThinkBalm Innovation Community at www.thinkbalm.com/community as a grand
experiment in collaborative innovation and idea sharing.

"We are excited to have the opportunity to work with the entrepreneurial
team at ThinkBalm," stated Paul Pluschkell, CEO and co-founder of Spigit.
"The principals have put together an innovative community that leverages core
components of our technology including reputation management, currency
management, and automated idea graduation."

Pluschkell adds, "We have started to see increasing demand for enterprise
social software that produces objective results within both public and
independent external communities. The speed and scale of conversations can
redirect entire markets. The enterprises and professional communities that
recognize the need to gain insight from these conversations will succeed."

The ThinkBalm Innovation Community is the latest in a series of new
communities powered by Spigit, including those for Southwest Airlines, Inlab
Ventures and others, to go along more than a dozen new enterprise communities
during the 3rd Quarter of 2008.

About Spigit (http://www.spigit.com)

Spigit develops enterprise community software to drive innovation and
empower decision makers. Spigit's core products, InnovationSpigit and
IdeaSpigit, are used by Fortune 500 companies to power both internal and
external innovation and idea management initiatives.

Spigit has received recognition and numerous awards including Best of
Interop 2008 and the 2008 Gartner Cool Vendor in the High Performance
Workplace.

About ThinkBalm (http://www.thinkbalm.com)

ThinkBalm offers independent industry analysis and strategic advisory
services to Immersive Internet technology marketers, advocates and
implementers, and explorers focused on using virtual environments to
transform how work gets done. ThinkBalm is operated by leading industry
analyst Erica Driver and entrepreneur and inventor Sam Driver.

Web site: http://www.spigit.com
              http://www.thinkbalm.com
              http://www.thinkbalm.com/community