Spigit.com Gets $10 Million Investment
October 16, 2009 by Stephen Kersey
Filed under Business
Spigit.com, a company that allows companies to connect their customers, employees and partners via social networking tools, has landed a $10 million equity investment. The investment comes from Warburg Pincus, an equity firm that does business around the world.
Spigit.com
Patrick Severson, Warburg Pincus’ managing director, points out how a number of companies are already using the Spigit.com platform.
Said Severson: “Some of the most visionary companies in the world have already discovered the power of Spigit’s platform to drive profitable innovation and we look forward to helping solidify the company’s position as a market leader in innovation management.”
Spigit.com will use the money to expand the development of their product and build their customer base. They’ll also increase their marketing efforts.
“As a worldwide leader in identifying and supporting the growth of exceptional businesses, Warburg Pincus’ investment is an important milestone in Spigit’s growth and development,” said Paul Pluschkell. “We look forward to utilizing both the funding and the valuable expertise of Warburg Pincus to grow our market share and meet increasing customer demand.”
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