Contract Extension
December 11 2009 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 9584D
Imaginatik PLC
11 December 2009
11 December 2009
Imaginatik plc
("Imaginatik" or the "Company")
Imaginatik Expands Innovation Software Contract with Chubb
Imaginatik plc (AIM:IMTK), a provider of collaborative innovation software and
processes, is pleased to announce that it has signed a two year contract
extension with The Chubb Corporation (NYSE: CB), the major global provider of
property and casualty insurance products and services. No financial details have
been disclosed.
Imaginatik's collective intelligence software platform and consultancy services
have been supporting Chubb's innovation programme since 2008, being used for
idea management, new product development and cost reduction. Imaginatik's
software, Idea Central, has facilitated open innovation by enabling
collaboration between suppliers, agents and brokers.
Mark Turrell, CEO of Imaginatik plc, commented, "Both Chubb and ourselves have
been delighted with the significant levels of returns on investment achieved to
date, and with the high levels of employee engagement and use of the tool for
open innovation. We are pleased to be extending the use of our technology
further within the Chubb organisation, evidence of the importance of our
software and processes in supporting their business for a further two years.
"With a strong pipeline of new business and contract renewals scheduled for the
remainder of the financial year, and with collaborative innovation and
collective intelligence moving into the mainstream, we continue to look to the
future with confidence."
For further information please contact:
+--------------------------------------+---------------------------------+
| Imaginatik plc | Tel: 020 7917 2975 |
+--------------------------------------+---------------------------------+
| Mark Turrell, CEO / Shawn Taylor, | |
| CFO | |
+--------------------------------------+---------------------------------+
| | |
+--------------------------------------+---------------------------------+
| Arbuthnot Securities Limited | Tel: 020 7012 2000 |
+--------------------------------------+---------------------------------+
| Tom Griffiths | |
+--------------------------------------+---------------------------------+
| | |
+--------------------------------------+---------------------------------+
| ICIS | Tel: 020 7651 8688 |
+--------------------------------------+---------------------------------+
| Caroline Evans-Jones / Hilary Millar | |
+--------------------------------------+---------------------------------+
About Imaginatik
Imaginatik is a leading provider of Collective Intelligence solutions, including
Collaborative Innovation, Open Innovation and Idea Management technology and
services. Some of the world's leading companies use Imaginatik's Idea Central
software platform to identify and develop the important ideas and strategies
that will drive the future of their business. For more than 10 years, Imaginatik
has helped customers including CSC, Pfizer, Boeing, Chubb and Cargill achieve
outstanding results with the experience of its consulting team and highly
configurable web-based software.
Imaginatik is a public company whose shares are traded on the AIM market of the
London Stock Exchange (LSE:IMTK.L) and a World Economic Forum Technology Pioneer
with offices in Boston, MA, and London, UK. In 2009, Imaginatik was named as one
of the 500 fastest growing technology companies in the EMEA region by Deloitte.
Imaginatik is committed to ongoing research into the nature of human networks,
innovation and collective intelligence. The Company collaborates with several
academic institutions including the IXL Center at Hult International Business
School.
###
This information is provided by RNS
The company news service from the London Stock Exchange
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