RNS Number : 3485G Imaginatik PLC 29 January 2010 29 January 2010 Imaginatik plc ("Imaginatik" or the "Company") Contract Win Imaginatik plc (AIM:IMTK), a leading provider of enterprise collaborative software and processes, is pleased to announce the signing of a new annual contract with...
RNS Number : 5136E Imaginatik PLC 22 December 2009 22 December 2009 Imaginatik plc ("Imaginatik" or the "Company") Directorate Change Imaginatik plc (AIM:IMTK), a provider of collaborative innovation software and processes, announces that Geoffrey Carss, Executive Director responsible for...
RNS Number : 2366E Imaginatik PLC 17 December 2009 17 December 2009 Imaginatik plc ("Imaginatik" or the "Company") Imaginatik signs multi-year contract with global consumer products company Imaginatik plc (AIM:IMTK), a provider of collaborative innovation software and consulting services,...
RNS Number : 9584D Imaginatik PLC 11 December 2009 11 December 2009 Imaginatik plc ("Imaginatik" or the "Company") Imaginatik Expands Innovation Software Contract with Chubb Imaginatik plc (AIM:IMTK), a provider of collaborative innovation software and processes, is pleased to announce...
RNS Number : 6009C Imaginatik PLC 17 November 2009 17 November 2009 Imaginatik Plc ("Imaginatik" or the "Company") Interim Results Imaginatik plc (AIM: IMTK.L), a provider of enterprise collaboration software and services for innovation, announces its unaudited Interim Results for the half...
Contract win for ImaginatikIBTimesImaginatik has secured a new annual contract with the world's top manufacturer of agricultural and forestry equipment, the conversion of a pilot project ...
Inc.comRounding Up Staff IdeasInc.comIn the past few years, several companies, including Imaginatik, Spigit, and Brightidea, have launched applications designed for collecting, discussing, ...
Imaginatik has signed a two-year contract extension with Chubb, the global property and casualty insurance provider, and a five-year software and services deal with a global consumer products company.
The shares are up 131% since we made them a Tip for 2009 this time a year ago.
After we wrote on Imaginatik’s two year contract extension just last week, it is very encouraging to see more news flow from the Company again this week. Last Thursday it was announced that have just signed a significant five year contract with an unnamed global consumer products company.
The two parties entered into an agreement back in 2007 and since then Imaginatik’s Idea Central software has meant the customer could identify and realise millions of dollars of return from cost saving measures, process improvements, changes to the supply chain and the generation of new business.
It is certainly another validation of the technology that the customer wanted to enter into a 5 year deal, Imaginatik’s software and services becoming a crucial part of the innovation process. It would seem to us that in the Christmas lull that this good news is being missed and not factored into the share price, as it is down 0.5p from writing last week.
Chubb Extends Contract with Imaginatik Virtual Water Cooler, December 21, 2009 – Pat Speer
Imaginatik plc, a provider of collaborative innovation software and processes, reports that it has signed a two year contract extension with The Chubb Corp. No financial details were disclosed.
As mentioned in a recent Insurance Networking News article, Imaginatik’s collective intelligence software platform and consultancy services have been supporting Chubb’s innovation program since 2008, being used for idea management, new product development and cost reduction. Imaginatik’s software, Idea Central, has facilitated open innovation by enabling collaboration between suppliers, agents and brokers.
Imaginatik signs contract with Chubb for Collective Intelligence & Idea Management software & services
Imaginatik (IMTK) [8.25P/£13.14 million] Imaginatik provides software and services for “Collective Intelligence” or “Idea Management”, tracking the thought processes and tapping into the brain power of employees within a business, using the employees as an additional resource. Whilst this is still niche at the moment, Imaginatik expect it to be mainstream within two years.
In fact, as validation of the whole area, more than $40 million has been raised by mainly US businesses in the sector recently. In its interim results Imaginatik increased revenue by 26% to £2.3 million despite the troubled global economy, and signed multi-year deals giving visibility on future revenue.
The business traditionally has a better second half, and this is expected again this year, especially as it has increased spending on Sales and Marketing to drive the business forward. There has been a restructuring of the sales team too, giving each division specific focus, be it for new business or for upselling to existing customers.
The result of this should be seen in the year end results, as management expects it to take four to six months for new sales staff to become fully productive. Additionally there is a new version of the software about to be rolled out in January 2010, giving an improved, sleeker, better user experience. The shares have risen 78% since January (when they were just over 4.5p) but we still imagine it could be a great second half for Imaginatik!
Imaginatik shares rose 1/2p to 81/4p, or more than 6 per cent, despite losses at the collaboration software developer doubling to 600,000 in the first half. Sales rose by 26 per cent and the company’s losses were a result of increased investment in staff in preparation for the tenth incarnation of its Idea Central product in January.
The group that builds software enabling individuals within and beyond corporations to collaborate on corporate ideas development has secured a multi-year service and software contract win. Due to commercial sensitivity, Imaginatik could not give details of the deal, which is with a global financial services group. But chief executive Mark Turrell issued some positive noises, saying: “We are experiencing a renewed interest in innovation, particularly within the financial services industry.” You might even call Imaginatik a bankable commodity.
(RTTNews) – Imaginatik Plc (IMTK.L: News ) announced its financial results for the half year ended 30 September 2009, reporting a loss of £0.65 million, compared to a loss of £0.25 million in the same period last year. On per share basis, the company’s loss narrowed to 0.05 pence, from 0.19 pence in the year-ago period.
Imaginatik’s half-yearly revenues rose 26% to £2.27 million, from £1.80 million in the same period previous year.
Imaginatik (IMTK, 8.25p, £13.14m), the provider of enterprise collaboration software and services for innovation reports interims to 30 September 2009. Sales were up 26% to £2.3m (H109: £1.8m), driven by new customer acquisition and increasing average contract value. However an increase in spend on marketing and sales led the group to deliver an increase in pre-tax losses of £0.57m (H109: £0.22m). Trading in H1 2010 started off slower, but towards the group began to gain momentum and has signed multi-year services and software contract with leading organisations. Annual recurring revenue was up 8% to £3.2m, providing the group with greater revenue visibility. In August 2009, the group raised £1.58m (gross) through a placing at 6p, for working capital and investment in sales and marketing. Imaginatik ended September with net cash of £1.33m. Debtor and creditor days remain high. Despite the business performing traditionally better in H2, we are cautious about the current 2010 pre-tax losses of £0.03m and EPS of -0.02p. In order to achieve current market estimates, the group will need to report pre-tax profits of £0.54m in H2, a 2.6x increase on H209 (H209: £0.15m) We believe there is scope for downgrades. We believe potential contract wins will help sustain the share price. We retain our HOLD recommendation.
Shares in Imaginatik, the AIM-listed software and processes company, surged 1¼p, or 18 per cent, to 8¼p after it announced a contract win with a global financial services company. Details of the deal were not revealed but the company said it was seeing a renewed appetite for innovation in the financial services industry
Published: October 11 2009 20:21 | Last updated: October 11 2009 20:21
Imaginatik plc CEO, Mark Turrell, comments on a story on how new trading on Plus Markets is boosting liquidity overall, but the lack of a ‘consolidated tape’ means that investors are struggling to find price and trade relevant information on all AIM stocks, not just Imaginatik, as they have to navigate between different trading platforms.