Contract Extension with Chubb
March 19 2009 - 3:00AM
UK Regulatory
TIDMIMTK
RNS Number : 0869P
Imaginatik PLC
19 March 2009
19 March 2009
Imaginatik Plc
("Imaginatik" or the "Company")
Imaginatik Expands Innovation Software Contract with Chubb
Imaginatik plc (AIM: IMTK), a leading provider of cost reduction, process
improvement and collaborative innovation software and processes, is pleased to
announce it has signed a contract extension with The Chubb Corporation (NYSE:
CB), the major global provider of property and casualty insurance products and
services.
Chubb is now using Imaginatik's core software, Idea Central, to capture and help
develop innovative business ideas throughout its workforce. Chubb also is using
the online software tool to collaborate with suppliers, agents and brokers on
the development of innovative products, services, cost savings and other
concepts.
"Chubb has long been a leader in developing innovative products and services
that help our customers manage emerging risks. We are always investing in new
tools and processes that facilitate collaboration on innovative concepts across
our enterprise," said Jon Bidwell, senior vice president of global innovation
for Chubb. "Using Idea Central, we recently held a successful global innovation
event, which is helping spur the development of insurance products and services
that meet previously unaddressed needs."
Mark Turrell, CEO of Imaginatik plc, commented, "We are delighted to be able to
announce another significant contract win in 2009. This extension with Chubb is
an excellent example of Imaginatik's growing ability to expand its customer
relationships and provides strong evidence that Idea Central facilitates
collaboration among internal stakeholders and external suppliers, agents and
partners in the innovation process."
For further information please contact:
+----------------------------------+-------------------------+
| Imaginatik plc | Tel: 020 7917 2975 |
+----------------------------------+-------------------------+
| Mark Turrell, CEO / Shawn | |
| Taylor, CFO | |
+----------------------------------+-------------------------+
| WH Ireland Limited | Tel: 0121 265 6330 |
+----------------------------------+-------------------------+
| Tim Cofman / Katy Birkin | |
+----------------------------------+-------------------------+
| ICIS | Tel: 020 7651 8688 |
+----------------------------------+-------------------------+
| Caroline Evans-Jones / Mike | |
| Smith | |
+----------------------------------+-------------------------+
About Chubb
The Chubb Corporation is a holding company for a family of property and casualty
insurance companies informally known as the Chubb Group of Insurance Companies.
The multi-billion dollar organization provides insurance and services to
personal and commercial customers worldwide through 8,500 independent agents and
brokers. Chubb's global network includes branches and affiliates in North
America, Europe, Latin America, Asia and Australia.
About Imaginatik
Imaginatik is the leading provider of cost reduction, process improvement and
collaborative innovation software and processes 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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