Imaginatik wins five new customers

AIM-listed Imaginatik, which describes itself as an 'innovation provider', on Tuesday revealed it has signed deals with five new customers for a mix of consultancy and technology based contracts. The customers 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. Imaginatik also said it has 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." The group also said the expanded use of its services from the existing customer base was "testament to the quantifiable results we deliver". The new contracts will add to the recurring revenue base for the business, enhancing revenue visibility into 2015, it added. NR