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PLEASANTON, CA -- (Marketwire) -- 08/14/12 -- Spigit, the leader in social innovation software and services, today announced that Jim Walker, an executive with significant operational and financial expertise, has joined the Company as Chief Financial Officer (CFO) and Chief Operating Officer (COO).

Walker brings more than 30 years of experience helping venture-backed companies accelerate sales, expand internationally and deliver a superior customer experience. As CFO and COO, he is responsible for finance, sales operations, human resources and product delivery.

"Jim is a Wall Street veteran with deep experience in fast growth companies," said Paul Pluschkell, CEO and Founder of Spigit. "Spigit has aggressive goals as we work to change the way people engage with the organization and with each other to drive business growth. Jim's operational experience makes him the ideal person to leverage the strengths of our employees to generate increased customer value and achieve continued record growth."

Walker held leadership positions in numerous technology companies over the course of his career. He was a senior executive at Alara, Inc. serving as Chairman of the Board, from 1995 to 2004, and as President and CEO, from 2004 to 2011. Prior to that, Walker was Chief Operating Officer and Chief Financial Officer of AlphaSmart, Inc and Senior Vice President and Chief Financial Officer of Diamond Multimedia Systems. Walker has also held senior executive positions at Fujitsu Computer Products and its parent company, Fujitsu America.

"Driving growth is a challenge facing all organizations," said Jim Walker, CFO and COO of Spigit. "Spigit helps organizations of all types and sizes accomplish that goal by unleashing the creativity of employees, customers and partners to find transformative ideas. I'm excited to join a company that provides the engine for growth and look forward to contributing my skills at Spigit, a key player in the fast growing enterprise social software market."

Walker holds an MBA degree from Santa Clara University and a BA degree in Mathematics from San Jose State University.

About Spigit

Spigit is a leading global Social Enterprise company. We power Social Innovation and help organizations capture, rank and execute the best ideas from employees, customers and partners.

Leveraging crowdsourcing, game mechanics and big data analytics, Spigit's platform drives enterprise innovation to grow revenue, reduce costs and expand employee and customer engagement.

The world's leading brands including major Retail, Healthcare, Financial, Technology, Government, Insurance, Utilities and Pharmaceutical companies use Spigit. For more information about how you can enable crowd innovation for your enterprise, visit www.Spigit.com, email info@spigit.com or call 1-855-SPIGIT1.