ABAL.L Regulatory News (ABAL)

21 Aug 2008 07:00



21 August 2008

Imaginatik Plc

("Imaginatik" or the "Company")

Contract Win

Imaginatik plc (AIM: IMTK), a leading provider of collaborative innovation and problem-solving software and processes, announces the signing of a multi-year contract with Reed Elsevier plc, the world leading provider of professional information and workflow solutions.

Imaginatik will provide Reed Elsevier with its core software, Idea Central, for a three year period. Idea Central will initially be utilised within the Elsevier Science and Technology division to enhance the generation and sharing of ideas both across and within divisions, and moving forward with key partners and customers. 

  Daryl Dunbar, Senior Vice President of Innovation at Reed Elsevier, commented, "With five business divisions, operating in several geographies across multiple industry verticals, the combined knowledge base of our 32,000 employees plus customers and partners is a hugely valuable asset and one which we wish to utilise further. Imaginatik's Idea Central has given us an excellent means to do just that, harnessing this collective brain-power to create additional competitive advantage through enhanced idea generation management and problem-solving."

Mark Turrell, CEO of Imaginatik plc commented, "We are delighted to be working with Reed Elsevier to enhance the innovation processes within this multi-national corporation. As current economic conditions continue to cause a re-evaluation of budgets in all industries, so the ROI case for Idea Central becomes even more compelling. Positioned at the forefront of this evolving industry in the US and UK, with the proven capability to support customers with thousands of employees, Imaginatik is focused on delivering customer excellence and increased shareholder value." 

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About Imaginatik

Imaginatik is the leading provider of innovation and collaborative problem solving software and process to the world's leading companies. More than 100 clients rely on Imaginatik's software, consulting and research to enable their best-of-breed innovation activities.

Named as a World Economic Forum Technology Pioneer for 2008 and a finalist for the IBM Lotus Awards 2008 in the Best Industry Solution category, Imaginatik's software and consulting services have helped clients discover significant sources of additional revenue, as well as tangible cost savings, process improvements and increased product pipeline. Imaginatik is also committed to developing strategic solutions in the field of innovation, working with academic institutions such as the London Business School and the Cass School of Business, London, as well as leading practitioners of corporate innovation.

For further information please visit www.imaginatik.com