Imaginatik PLC Contract Wins (4899C)

TIDMIMTK

RNS Number : 4899C

Imaginatik PLC

18 March 2014

Imaginatik Plc

("Imaginatik" or the "Company")

Contract Wins

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider, is pleased to announce it has signed five new customers for a mix of consultancy and technology based contracts.

New customers won include a leading global technology company, a US University, a global pharmaceutical business, a manufacturer of construction and mining equipment, engines and turbines and a leading North American-based nutrition business that signed a software platform contract following a consulting project undertaken in 2012.

In addition to new customer wins, Imaginatik has also expanded its engagement within its existing customer base, with three existing blue chip customers taking up additional services.

Matt Cooper, Executive Chairman of Imaginatik, commented, "We are pleased with the level of new customer wins since the start of the calendar year, adding a number of new blue-chip names to the customer roster. The new contracts, consisting of both consultancy and technology provision, demonstrate that the market is receptive to our comprehensive offering, combining consultancy with a world class technology platform to deliver a complete innovation service. Furthermore, the expanded use of our services from our existing customer base is testament to the quantifiable results we deliver. These new contracts add to the recurring revenue base for the business, enhancing revenue visibility into 2015."

For further information please contact:

 
 Imaginatik plc                            Tel: 01329 243243 
 Matt Cooper, Executive Chairman / Shawn 
  Taylor, CFO 
 
 finnCap                                   Tel: 0207 220 
                                            0500 
 Charlotte Stranner/ Victoria Bates 
 
 Newgate Threadneedle                      Tel: 020 7653 
                                            9850 
 Caroline Forde / Hilary Millar

About Imaginatik

Imaginatik(R) is the world's first full-service innovation provider. 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 organisations including Blue Cross Blue Shield, CSC, Cargill, The World Bank, 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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