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I have one "small" problem trusting the figures Spigit advertise about their revenue for a simple reason:
3-4 years ago, about 6 months after launching their first version of the product, Spigit's website said that "15% of the Fortune 500 companies are using Spigit". That is 75 Fortune 500 companies as customers, within 6 months from launch....
Now, almost 4 years after, their website claims to have 16% of Fortune 500 companies. And even that sounds way too many.
So you'll have to forgive me for being skeptic about 27M$ in revenue in 2011. I do however believe their numbers about losses in 2011 though...
1 year, 1 month ago on Could Spigit Be Close To Profitability After Years of Mounting Losses?