ABAL Abal Group Plc

 

TIDMIMTK 
 
RNS Number : 4602T 
Imaginatik PLC 
29 September 2010 
 

 29 September 2010 
                                 Imaginatik plc 
                        ("Imaginatik" or the "Company") 
 
                                  AGM Statement 
                    Contract Win and Management Appointments 
 
At the Company's Annual General Meeting to be held later today, Matthew Cooper, 
Executive Chairman of Imaginatik plc (AIM: IMTK.L), a leading provider of idea 
management software and innovation consultancy, will make the following 
statement: 
 
"We continue to make steady progress towards achieving our strategic goals. A 
new management team is now largely in place and has been further strengthened by 
the two recent appointments referred to below. 
 
"As stated in the announcement dated 18 August 2010, we believe that it will 
take time to rebuild the Company's sales pipeline. However, the recently 
announced contract wins and a further win with the U.S. Government announced 
today are evidence of a growing momentum. 
 
"While the re-organisation of the business earlier this year will inevitably 
have an impact on results for the first half of the year, we expect to see a 
return to more normal levels of sales in the second half. 
 
"The calibre of people joining our team and the high profile customers with whom 
we continue to work give us confidence in the future of Imaginatik." 
 
The Company also announces today a contract win and two senior management team 
appointments. 
 
Contract to supply innovation solutions to the United States Government, General 
Services Administration 
 
Imaginatik has been selected as a strategic innovation solutions provider by 
QinetiQ North America, Inc. in support of the United States Government, General 
Services Administration (the "GSA").  QinetiQ North America, one of the world's 
leading defence technology and security companies, has issued Imaginatik a six 
month Subcontract Agreement worth over $400,000, with one six month option 
period, to assist in enabling Business Transformation and Collaboration at the 
GSA. Under this Agreement, Imaginatik will use its Idea Central Collaboration 
Platform to assist GSA in identifying innovation strategies to enhance business 
practices. It includes licenses for GSA's 15,000 associates, facilitation and 
programme management support, and various training initiatives to foster 
collaboration at GSA. 
 
Senior Appointments 
 
Imaginatik is also pleased to announce it has made two recent senior 
appointments to strengthen the Company's sales and product development 
capabilities. Neither appointment is a Board position. 
 
Kevin Grygiel has been appointed Global Vice-President of Sales. Based in 
Boston, Kevin will lead the sales organisation, reporting to Luis Solis the 
Vice-President of Business Development. Kevin has more than 20 years in software 
sales, with the last eight years at SiteScape Inc. a collaboration and social 
media software business. This appointment affirms the Company's commitment to 
bringing in high calibre sales executives with relevant expertise capable of 
growing the business. 
 
Robin Spencer, previously Senior Research Fellow, Idea Management & Innovation 
at Pfizer Inc., has joined Imaginatik as Director of Research. Rob will work 
within the Product Development team in building out all future product 
enhancements and will continue Imaginatik's tradition of leading edge empirical 
research within our field of innovation and collaborative problem solving. 
 
For further information please contact: 
 
+-------------------------------------+--------------------+ 
| Imaginatik plc                      | Tel: 020 7917 2975 | 
+-------------------------------------+--------------------+ 
| Matthew Cooper, Chairman / Shawn    |                    | 
| Taylor, CFO                         |                    | 
+-------------------------------------+--------------------+ 
|                                     |                    | 
+-------------------------------------+--------------------+ 
| Arbuthnot Securities Limited        | Tel: 020 7012 2000 | 
+-------------------------------------+--------------------+ 
| Tom Griffiths                       |                    | 
+-------------------------------------+--------------------+ 
|                                     |                    | 
+-------------------------------------+--------------------+ 
| Threadneedle Communications         | Tel: 020 7653 9850 | 
+-------------------------------------+--------------------+ 
| Caroline Evans-Jones / Hilary       |                    | 
| Millar                              |                    | 
+-------------------------------------+--------------------+ 
 
 
About Imaginatik 
 
Imaginatik provides Innovation and idea management solutions to companies such 
as The Chubb Group of Insurance Companies, Boeing, Pfizer, Xerox, Goodyear and 
Cargill. Few companies possess the internal capability to consistently generate 
fresh ideas, identify those worth pursuing and reliably transform them into 
real, value-enhancing assets. This is Imaginatik's area of expertise. 
 
Imaginatik provides customers with strategic consulting, the award-winning Idea 
Central technology solution and an experienced, results-oriented innovation 
consulting team. 
 
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. In 2009, Imaginatik was named as one of 
the 500 fastest growing technology companies in the EMEA region by Deloitte. 
 
For more information visit www.imaginatik.com. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMDMGZLKRGGGZM 
 

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