Contract Win

RNS Number : 7382I

Imaginatik PLC

08 July 2013

 



8 July 2013

Imaginatik Plc

("Imaginatik" or the "Company")

Contract Win

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, is pleased to announce that a long-term US based client in the financial services sector has agreed an extended two year contract worth in excess of £0.7 million effective as of September 2013. Under the Company's new revenue recognition policy, approximately £0.2m of this contract is expected to be recognised in the current financial year, with the remainder adding to Imaginatik's growing level of deferred contracted revenue.

Matt Cooper, Executive Chairman of Imaginatik, commented: "We are delighted by this significant endorsement of the value of our innovation services by a long-standing customer following compelling levels of returns on investment from our services. This contract sees the extension of our innovation platform to incorporate users who are external to the customer, enabling them to participate in challenges that will drive further substantial benefits to the client. With innovation moving up the corporate agenda and a growing market awareness of the strength of our comprehensive offering, we are confident of Imaginatik's success."  

For further information please contact:  

Imaginatik plc	Tel: [phone]
Matt Cooper, Executive Chairman / Shawn Taylor, CFO
finnCap Ltd	Tel: [phone]
Charlotte Stranner/ Victoria Bates
Newgate Threadneedle	Tel: [phone]
Caroline Evans-Jones / Hilary Millar

About Imaginatik

Imaginatik® is the world's first full-service innovation firm. We have 16 years of experience building innovation into a sustainable competence at some of the world's largest and most respected companies. Through a mix of consulting and advisory, hands-on innovation projects and program management, and our award-winning enterprise software platform, we help clients develop innovation capability into a permanent competitive advantage. Imaginatik is the trusted partner of leading organizations including Blue Cross Blue Shield, CSC, Cargill, The World Bank, Exxon Mobil, Mayo Clinic, The Chubb Group of Insurance Companies, HCA, Dow Chemical and Goodyear.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.

 

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