Business
Contract with the World Bank
Contract with the World Bank.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 8813E Imaginatik PLC 14 April 2011 \n \n\n14 April 2011\nImaginatik Plc\n(\"Imaginatik\" or the \"Company\")\n \nContract Win with the World Bank and 2012 Revenue Visibility\n \nImaginatik plc (AIM: IMTK.L), a leading provider of innovation management software and consultancy, is pleased to announce the signing of an annual licence deal with the World Bank, an international development organisation that provides financial and technical assistance to developing countries around the world.\n \nThe contract increases Imaginatik's revenue visibility for the year ending 31 March 2012, being annually recurring revenue plus innovation-as-a-service projects, to over $4m, an increase of over 25% from this time last year. \n \nThe contract is initially for one year with the option of two additional years, and consists of an initial licence with annually recurring support and maintenance fees, plus additional project fees. The World Bank has selected Imaginatik to provide a competition management platform and services to its employees. Imaginatik's innovation services team will design, run and oversee a number of innovation events across the client's organisation each year.\n \nMatt Cooper, Executive Chairman of Imaginatik, commented: \"We are extremely pleased to have signed this contract with the World Bank, replacing an incumbent innovation software platform. We are looking forward to working with them to deliver first-class tools and consulting services for a fully integrated innovation programme. This is the third annual client to be added to our customer portfolio in recent weeks, demonstrating our sales momentum and, importantly, increasing revenue visibility for the coming year.\"\n \nFor further information please contact: \n \n\n\n\n\nImaginatik plc\n\n\nTel: 020 7917 2975\n\n\n\n\nMatt Cooper, Executive Chairman / Shawn Taylor, CFO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities Limited\n\n\nTel: 020 7012 2000\n\n\n\n\nTom Griffiths\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThreadneedle Communications\n\n\nTel: 020 7653 9850\n\n\n\n\nCaroline Evans-Jones / Hilary Millar\n\n\n\n\n\n\n\n \nAbout Imaginatik\n \nImaginatik provides Innovation and Idea management solutions comprised of consultancy, software and program management to deliver innovation outcomes to com...