SAN FRANCISCO – December 21, 2018 – We are pleased to announce our role as exclusive financial advisor to Spigit, the world’s innovation management software leader, on its sale to Planview, a leading provider of work and resource management solutions. Spigit provides organizations the ability to tap into the collective intelligence of employers, partners, and customers to accelerate innovation by finding the best ideas and making the right decisions. Atlas Technology Group has announced 21 software transactions year to date.
Planview acquires innovation management software provider Spigit
Combination of leaders in work and resource management and innovation management advances strategy-to-delivery capability for product and service-driven organizations
AUSTIN, Texas, Dec. 20, 2018 /PRNewswire/ — Planview® is adding to its portfolio of leading work and resource management (WRM) solutions with the acquisition of Spigit®, the world’s innovation management software leader. With more than six million users across 170 countries, Spigit provides organizations the ability to tap into the collective intelligence of employees, partners, and customers to accelerate innovation by finding the best ideas and making the right decisions.
“Advancing a culture of innovation is critical to the success of every enterprise in the current climate of digital transformation,” said Greg Gilmore, CEO of Planview. “Spigit makes it possible for teams and organizations to bring the very best ideas to the forefront through high employee engagement and patented crowd science technology. Spigit joining Planview is a game changer because together we can help our customers bring those ideas to life like never before.”
As a core Planview WRM solution, innovation management not only brings new capabilities to Planview customers, it also lifts the innovation quotient of Planview’s existing solutions. Innovation management is a powerful complement to product portfolio management, project portfolio management, enterprise architecture, strategic planning, and Lean and Agile delivery, increasing revenue and reducing time to market.
In September, Spigit announced industry-first machine learning capabilities to analyze unstructured data across ideas, providing huge efficiency gains and focusing teams on advancing the best ideas. Spigit’s unique capabilities enable organizations navigating transformation to deliver highly innovative, profitable, and differentiated products to market – whether physical or digital in nature – and subsequently drives process improvement, employee engagement, and an enhanced customer experience.
“Spigit customers are some of the most innovative and influential enterprises in the world, and together our partnership has resulted in tremendous business value and cultural transformation across their companies,” said Scott Raskin, President and CEO of Spigit. “Planview acquiring Spigit positions the combined entity to bring a higher level of value to our customers and help them drive even more impactful business outcomes.”
As the global leader in work and resource management, Planview makes it easier for all organizations to achieve their business goals. We provide the industry’s most comprehensive solutions designed for strategic planning, portfolio and resource management, Lean and Agile delivery, product portfolio management, capability and technology management, innovation management, and collaborative work management. Our solutions span every class of work, resource, and organization to address the varying needs of diverse and distributed teams, departments, and enterprises. Headquartered in Austin, Texas, Planview’s more than 700 employees serve over 5,000 customers worldwide through a culture of innovative technology leadership, deep market expertise, and highly engaged communities. For more information, visit www.planview.com.
Spigit is the leader in crowdsourced innovation management software, with more than six million users across 170 countries. From idea to impact, Spigit enables sustained innovation by driving employee engagement, creating a culture of innovation and providing analytics-driven insights. Spigit powers innovation programs across all major industries including financial services, manufacturing, healthcare, consumer products, and energy.
Planview is a registered trademark of Planview, Inc. Spigit is a registered trademark of Spigit, Inc.
All other trademarks listed herein are owned by their respective companies.