‘Our goal is to make it to the full [official] list in five years’ time,’ Mark Turrell, CEO of software company Imaginatik (IMTK:AIM) told Shares at the time of his company’s floation in December last year”.
Note: This was a brief mention in an overview of the London Stock Exchange’s junior market, AIM. Companies on the full official list would have a market cap of aprpoximately £200 million.
Source: Shares Magazine
“Imaginatik PLC said it expects a nearly 80% increase in turnover for the March year, but noted ’some uncertainty’ over the timing of various contracts being signed that may impact the level of loss for the year.”
Source: AFX News
“Geoff Carss joins as UK managing director with additional responsibility for the company’s strategic partner programme. Carss, 45, brings a high level of business development expertise and industry contacts following 12 years in the consulting and technology industries. His previous appointments include partner for the public sector at IBM Business Consulting Services, as well as senior positions at Compaq Computers, Hedra and Ernst & Young”.
“Imaginatik has joined AIM, valuing the innovation management and technology company at £8.7 million”
Chief executive and co-founder Mark Turrell said: “Innovation is now acknowledged as being a key growth factor in achieving long-term growth.”
Julian Clough, Tenon’s director of corporate finance, said: “We have worked alongside the company during the last 18 months to establish the infrastructure to support this fast-growing business. The fundraising provides the basis to supports its growth strategy.”
Imaginatik’s Advisory Team
US legal counsel: Dorsey & Whitney
UK legal counsel: Marriott Harrison
Reporting Accountant: Tenon Corporate Finance
US Accountant: Morison Cogen
NOMAD & Broker: W H Ireland
“Software outfit Imaginatik hopes to help large companies make the most of their employees’ ideas.”
“The company claims it can boost innovation by providing staff with software called Idea Central, This allows them to key in suggestions for making business better - off their own bat or in response to management questions.”
“The company is looking to raise up to £2 million through a placing at 7.5 p per share, and is likely to have a market value of about £9 million.”



