spigit Announces the Beta Launch of spigit.com as a New Professional Network to Review Emerging Technologies

July 20, 2007; 03:59 AM
spigit, a fast growing start-up company, today announced the beta launch of spigit.com, an interactive professional network where participants can showcase and contribute to innovative ideas as well as build key relationships. spigit.com is launching more than 25 featured companies selected from hundreds of submissions. The launch companies will be among the first to compete for the inaugural spigit Splash! Award, a quarterly honor awarded to the top rated new innovative idea or company.

spigit.com is the first "socionomic" platform to capture, analyze, and aggregate targeted social participation and contributions to help develop new ideas and professional relationships. Founders can develop and test their best ideas, get feedback and visibility, and potentially find the right resources and funding to take their idea to the next level. The real value of spigit.com unfolds when participants start contributing thoughts and opinions to different ideas and threads. Based on feedback and ratings broken down into hundreds of dynamic events, spigit's simulation engine computes an array of metrics, including "reputation index" for each user and a virtual "spock price" for new ideas. These metrics can be used to assess and improve the likelihood of success of new ideas, as well as help participants identify meaningful professional connections.

The spigit.com community is the company's first offering that showcases its proprietary simulation engine for quantifying wisdom of crowds and social interaction for meaningful professional and economic gains. The underlying technology and simulation engine can be leveraged for use in any social networking platform. The company is currently working on several pilots in the enterprise to deploy solutions for managing innovation and social interaction between employees, partners and customers.

About spigit:
The company's mission is to help people gain insight and develop meaningful relationships around their professional experience through analysis of online interactions and contributions. spigit's simulation engine tracks hundreds of dynamic events and, through a series of algorithms, computes results producing valuable predictions and identifying social connections to maximize economic and professional gain.

spigit is co-founded by Paul Pluschkell, CEO, and Padmanabh Dabke, CTO. The company is based in Pleasanton, California.