Imaginatik PLC Contract Win (7382I)
July 08 2013 - 2:00AM
UK Regulatory
TIDMIMTK
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 GBP0.7 million effective as of
September 2013. Under the Company's new revenue recognition policy,
approximately GBP0.2m 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: 020 7917
2975
Matt Cooper, Executive Chairman / Shawn
Taylor, CFO
finnCap Ltd Tel: 020 7220
0500
Charlotte Stranner/ Victoria Bates
Newgate Threadneedle Tel: 020 7653
9850
Caroline Evans-Jones / Hilary Millar
About Imaginatik
Imaginatik(R) 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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