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.

Strong Hold.

Source: Techinvest newsletter – Jan 2010

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.

Source: Hybridian Small Cap Wrap – 22 Dec 2009

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

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!

From The Times investor section – “In the Know 18 Nov 09″

Note: preview video of Idea Central Version 10 is available on YouTube

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.

From Hybrian Small Cap RoundUp – 17 Nov 09 published at the iii.co.uk web site

Imaginatik’s half-yearly revenues rose 26% to £2.27 million, from £1.80 million in the same period previous year.

by RTT Staff Writer

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From Hoodless Brennan market report 17 Nov 09 at ProactiveInvestors web site

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

From The Times investor section “In the Know” 14 Nov 09

By David Blackwell

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.

For the full article, click here.

For a scanned copy of the newspaper: Financial Times Imaginatik 121009