Contract Win

RNS Number : 8798E

Imaginatik PLC

02 October 2008

 



2 October 2008

Imaginatik Plc

('Imaginatik' or the 'Company')

Contract Win

Imaginatik plc (AIM: IMTK), a leading provider of collaborative innovation and problem-solving software and processes, is pleased to announce it has secured an annual contract with a major global provider of property and casualty insurance products and services.

The contract represents the first non-project based deal secured through Imaginatik's global reselling agreement with IBM. 

Mark Turrell, CEO of Imaginatik plc commented, 'Securing annual and multi-year licence deals is central to Imaginatik's strategy, so it is of course pleasing to add yet another contract of this type. Revenue visibility is now at the highest it has ever been giving us an excellent platform to add further new business. It is especially pleasing to secure our first annual licence contract through our agreement with IBM, and proves that the partnership is a highly effective way of generating leads and new business that might otherwise not be accessible to Imaginatik. We are confident that this will be the first of many contracts secured through the partnership.'

For further information please contact:  

Imaginatik plc	Tel: [phone]
Mark Turrell, CEO / Shawn Taylor, CFO
WH Ireland Limited	Tel: [phone]
Tim Cofman / Katy Birkin
ICIS	Tel: [phone]
Tom Moriarty / Caroline Evans-Jones

About Imaginatik

Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world's leading companies. More than 100 clients rely on Imaginatik's software, consulting and research to enable their best-of-breed innovation activities.

Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution category, Imaginatik's software and consulting services have helped clients discover significant sources of additional revenue, as well as tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London, as well as leading practitioners of corporate innovation.

For further information please visit www.imaginatik.com

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