Mark Tisdel Joins Spigit as CFOMark Tisdel Joins Spigit as CFO
Executive Appointment Demonstrates Growth of the Leading Idea Management Platform
PLEASANTON, CA – (Marketwire - June 7, 2010) — Spigit, the leader in collective idea management software, today announced that financial executive Mark Tisdel has joined the company's management team in the newly created role of CFO. Tisdel brings more than 20 years of experience in the areas of Executive Management, Corporate Finance and Product Management to the Warburg Pincus and PICO Holdings-backed Spigit, having recently served as CFO of Model N, a leader in the Revenue Management space.
"Mark's leadership and financial expertise will be a great asset for us to enhance operations and accelerate our commitment to delivering the best in class idea management platform for innovation," said Paul Pluschkell, CEO and Co-Founder of Spigit. "His appointment reinforces our growth as a company as we continue to expand our global customer base and further invest in customer service, product development, and overall expansion."
As CFO at Spigit, Tisdel is responsible for developing a public company infrastructure to ensure operational excellence and sustained profitable growth. This includes long-term strategic planning, global expansion, channel development, enhancing financial reporting and internal controls structure, as well as overseeing mergers and acquisition activity. He will work closely with Pluschkell to drive leadership and fiscal guidance as Spigit continues to accelerate growth.
"Spigit's customers consist of some of the largest and most visionary brands in the world that are invested in driving profitable innovation for a competitive advantage using the Spigit platform," said Tisdel. "Innovation will always remain at the forefront of corporations' agendas, and I'm proud to be a part of driving this forward and the massive growth opportunity for such a well-renowned company."
Prior to Model N, Tisdel was the VP, Corporate Controller for Selectica, and also held senior leadership positions at Riverstone Networks and PeopleSoft. He brings with him to Spigit experience in leading a large, managed growth company, in addition to driving efficiencies in high growth firms.
Fortune 200 companies and other well-known brands at the forefront of innovation leverage Spigit's award-winning innovation solutions. Spigit was also recently named as a Hot Company for 2010 by Lead 411. For more information about Spigit's award-winning innovation solutions, visit www.spigit.com.
About Spigit
Spigit is the leading provider of collective idea management software, connecting employees, customers and business partners for innovation and insight discovery. Using enterprise-grade social technology, Spigit's software taps into the collective intelligence of an organization and transforms it into actionable, predictive information. By incorporating incentives, idea graduation, idea trading and real-time analytics, Spigit allows companies to harness the social capital within. Our technologies are used by the largest and most innovative companies in the world including: Pfizer, AT&T, Southwest Airlines, Allstate, AAA, and Lloyds TSB. Spigit currently powers innovation projects at numerous Fortune 2000 companies and has been named Best of Software Interop 2008 and is listed on the AlwaysOn Global 250 list, the power list of the top 250 private global technology companies. For more information, visit www.spigit.com.