Contract Win with US Insurer
September 28 2009 - 1:00AM
UK Regulatory
TIDMIMTK
RNS Number : 7271Z
Imaginatik PLC
28 September 2009
28 September 2009
Imaginatik plc
("Imaginatik" or the "Company")
Contract Win with Leading US Insurer
Imaginatik plc (AIM: IMTK), a leading provider of enterprise collaboration
software, is pleased to announce it has won a significant three-year contract
with one of the US' leading personal lines property and casualty insurance
companies. Imaginatik's software and services will be utilised by the customer
to support an enterprise-wide innovation programme focused on cost-reduction,
process improvement and product development. Imaginatik's robust, scalable
software platform, Idea Central, will enable the participation in the initiative
of the customer's 68,000 employees and network of agents located across the US.
No financial information has been disclosed.
Mark Turrell, CEO of Imaginatik, commented, "Our knowledge of the insurance
sector combined with our experience in facilitating successful innovation
programmes across some of the largest organisations in the world were invaluable
to the winning of this significant contract in a competitive situation. The
multi-year nature of the contract adds to our strong level of recurring revenues
and gives us confidence on the long-term prospects of Imaginatik."
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 the 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 our
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 traded on the London Stock Exchange [LSE:IMTK.L]
and a World Economic Forum Technology Pioneer with offices in Boston, MA, and
London, UK. 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
END
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