Contract with the World Bank (8813E)
April 14 2011 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 8813E
Imaginatik PLC
14 April 2011
14 April 2011
Imaginatik Plc
("Imaginatik" or the "Company")
Contract Win with the World Bank and 2012 Revenue Visibility
Imaginatik plc (AIM: IMTK.L), a leading provider of innovation
management software and consultancy, is pleased to announce the
signing of an annual licence deal with the World Bank, an
international development organisation that provides financial and
technical assistance to developing countries around the world.
The contract increases Imaginatik's revenue visibility for the
year ending 31 March 2012, being annually recurring revenue plus
innovation-as-a-service projects, to over $4m, an increase of over
25% from this time last year.
The contract is initially for one year with the option of two
additional years, and consists of an initial licence with annually
recurring support and maintenance fees, plus additional project
fees. The World Bank has selected Imaginatik to provide a
competition management platform and services to its employees.
Imaginatik's innovation services team will design, run and oversee
a number of innovation events across the client's organisation each
year.
Matt Cooper, Executive Chairman of Imaginatik, commented: "We
are extremely pleased to have signed this contract with the World
Bank, replacing an incumbent innovation software platform. We are
looking forward to working with them to deliver first-class tools
and consulting services for a fully integrated innovation
programme. This is the third annual client to be added to our
customer portfolio in recent weeks, demonstrating our sales
momentum and, importantly, increasing revenue visibility for the
coming year."
For further information please contact:
Imaginatik plc Tel: 020 7917 2975
Matt Cooper, Executive 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
comprised of consultancy, software and program management to
deliver innovation outcomes to companies such as The Chubb Group of
Insurance Companies, Boeing, Pfizer, Goodyear, Paccar, Kellogg 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 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
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