ABAL.L Regulatory News (ABAL)

RNS Reach

13 June 2013

Imaginatik Plc

("Imaginatik" or the "Company")

Consultancy Update

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, is pleased to announce a senior consultancy appointment as part of the ongoing development of its market leading innovation consultancy offering and details of new contract wins.

Imaginatik's comprehensive approach to innovation relies on a unique mix of strategic consulting, coaching and facilitation, programme management, and skills development and training - all supported by its award-winning software platform. Since early 2012, Imaginatik has been building out its capabilities in this area, providing strong differentiation of its offering in the innovation market. The fundraising completed in May 2013 provided additional funding to further develop this important area of the business.

Appointment of Managing Consultant

Megan Shea has been appointed as a Managing Consultant, with responsibility for new methods development, business development and client delivery. Megan brings the number of innovation consultants within Imaginatik to 6. Megan joins Imaginatik with a wealth of experience in enterprise innovation practices. Her previous roles have included Senior Associate at Innosight, a US-based strategic innovation consultancy advising Fortune 100 pharmaceutical and medical device companies; CEO and Founder of Retirelife, an online business in the elderly care industry named one of "America's Most Promising Startups" by BusinessWeek and "10 Hot Startups" by Entrepreneur Magazine and Business analyst at Sterling-Rice Group, a strategy and innovation company.

Contract Wins

The consultancy-led approach has been crucial to several new contract wins in recent months in both the US and Europe. These include projects with new clients SPX, a global industrial equipment and manufacturing business, Ingredion, Inc., a US based ingredients provider, and additional engagements with existing clients Energizer, Cotton Inc., and food manufacturer Windsor Food. These projects are in areas such as new product development, placement, distribution and breakthrough strategies.

Matt Cooper, Executive Chairman of Imaginatik, commented: "We continue to strengthen our consultancy offering and expertise and are delighted to see this reflected in the growing roster of consultancy led clients.

"Our consultants are key to helping our clients achieve sustained innovation. Their support enables clients to build lasting innovation competence, unlocking significant value across the organisation.

"We view innovation as an essential competence for any organisation. Innovative companies are able to adapt more effectively in the rapidly changing, information rich Innovation Age, meaning they are in a position to launch new products, open new markets, build a strong customer following and perform at a higher level than their competitors."

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About Imaginatik

Imaginatik® is the world's first full-service innovation firm. We have 16 years of experience building innovation into a sustainable competence at some of the world's largest and most respected companies. Through a mix of consulting and advisory, hands-on innovation projects and program management, and our award-winning enterprise software platform, we help clients develop innovation capability into a permanent competitive advantage. Imaginatik is the trusted partner of leading organizations including Blue Cross Blue Shield, CSC, Cargill, The World Bank, Exxon, Mayo Clinic, The Chubb Group of Insurance Companies, HCA, Dow Chemical and Goodyear.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.