SAN DIEGO, September 24 /PRNewswire/ --

- spigit Expands Its Social Collaboration Platform to Help Businesses
Extract and Evolve Innovation and Increase Employee Engagement

Businesses recognize the power of social networks, but to date have not
had a way to quantify social interactions and transform ideas into decisions.
Today, with the launch of spigit Enterprise(TM) at DEMOfall 07, businesses
can now use spigit's smart, social collaboration platform to discover key
influencers within their organization, engage employees and innovative ideas
into real solutions.

"Employee awareness of and participation in online social networks is
rapidly accelerating. Companies are searching for ways to introduce online
social communities into their work environments in a way that will benefit
their business without interfering with employee productivity and, in fact,
enhance productivity. spigit Enterprise(TM) is the first collaborative
platform that leverages employee social interaction to support core business
activities," said Paul Pluschkell, founder and CEO of spigit.

spigit's smart, social collaboration platform has successfully been
utilized in multiple online communities; spigit Innovation(TM) is a
simulation engine that has given rise to more than 70 start-ups that go on to
compete in a virtual stock market. Vote spigit(TM) is an online community
where individuals and political experts host intelligent debates on issues
and candidates involved in the upcoming U.S. presidential election. Today,
with the launch of spigit Enterprise(TM), businesses can now create
communities to drive innovation and thoughtful conversation within their own
organization.

"To stay ahead of the curve, companies can no longer wait until the
quarterly 'offsite' to focus on innovation. Today's enterprises need to weave
innovation strategies into their everyday workflow," said Chris Shipley,
executive producer of the DEMO conferences. "spigit Enterprise(TM) is the
first to systemize the 'magic' in social networks to bring smart, social
collaboration to businesses, making the innovation process enjoyable,
quantifiable and something in which every employee can participate."

spigit Enterprise(TM) helps any business drive innovation within its own
organization by engaging employee participation, evolving ideas into
actionable innovation, and allowing the best ideas and key influencers to
emerge:

Engage: First, spigit Enterprise(TM) allows companies to build social
            communities where employees can voice their opinions on issues,
            propose new ideas and contribute feedback to determine the best
            ideas for innovation- employees can earn badges, currency and
            build reputation to become experts, making participation fun and
            meaningful to the individual.

    Evolve: Then, going far beyond the simple ratings and popularity rankings
            currently used in online social networks, spigit Enterprise(TM)
            uses algorithms to calculate the influence of participants and
            discussions within a particular company or department based upon
            factors such as participation, community feedback, past
            conversations, reputation and "buzz" to determine who the top
            influencers are and what the best ideas are within an
            organization.

    Emerge: Finally, spigit Enterprise's(TM) advanced simulation engine
            allows the best ideas to compete live within an organization, 
            similar to a real market. Managers are provided with deep insight 
            into their organization with a series of metrics and market 
            tested ideas that enable them to make key decisions for 
            innovation.

Today, at the DEMOfall 07 conference in San Diego, CA, spigit founder and
CEO, Paul Pluschkell, will showcase how any business can leverage the power
locked in the organization to engage employees and accelerate real innovation
from within.

About spigit, inc. (http://www.spigit.com)

spigit is the only platform for smart, social collaboration that brings
advanced algorithms to social networking by extracting relevant meaning from
social interactions, enabling the best ideas and contributors to shine.
spigit powers a variety of community interest sites, including those for
startups (spigit Innovation(TM)), elections (Vote spigit(TM)) and
universities (spigit U(TM)). spigit's premier platform for business
innovation, spigit Enterprise(TM), engages employees and evolves top ideas
and key influencers to make innovation a daily part of an organization.

For more information about spigit Enterprise visit: http://www.spigit.com
or http://www.spigitE.com

About DEMO

Produced by Network World Events and Executive Forums, the semi-annual
DEMO conferences focus on emerging technologies and new products, which are
hand-selected from across the spectrum of the technology marketplace. The
DEMO conferences have earned their reputation for consistently identifying
tomorrow's cutting-edge technologies, and have served as launch pad events
for companies such as Palm, E Trade, Handspring, and U.S. Robotics, helping
them to secure venture funding, establish critical business relationships,
and influence early adopters. Each DEMO conference features approximately 70
new companies, products and technologies. For more information, visit
www.demo.com.

Web site: http://www.spigit.com
              http://www.demo.com
              http://www.demo.com/conferences/demofall07.php