Business
First Day of Dealings
First Day of Dealings.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n Imaginatik PLC\n15 December 2006\n\n\n\n\n IMAGINATIK PLC\n ('IMAGINATIK' OR THE 'COMPANY')\n FIRST DAY OF DEALINGS\n\n\nImaginatik plc (AIM: IMTK), a leading provider of software and services to help\ncompanies build an infrastructure for sustainable innovation, announces its\nfirst day of dealings of its Ordinary Shares on AIM.\n\nThe Company has raised £1.5 million net of expenses via a Placing at 7.5p per\nshare, to fund, inter alia, the addition of further sales executives, marketing\nresources and implementation staff in both the US and UK, which will enable the\nCompany to take advantage of the expanding market for its products.\n\nOverview of the Company\n\n • Founded in 2000 by Mr. Mark Turrell, CEO and Dr. Yvonne Lindow, VP of\n Operations, Imaginatik has operations in the US, UK and Germany and sells \n to predominantly medium to large-scale corporations.\n\n • Imaginatik and its founders have developed a software-based process to\n enable corporations to facilitate innovations across their operations. The\n Company's core product is 'Idea Central', a software package that helps\n businesses to innovate systematically across the organisation.\n\n • Imaginatik's revenues have grown from £0.58 million in the year ended 31\n March 2004 to £1.4 million in the year ended 31 March 2006. In the six\n months to 30 September 2006 sales have grown to £1.3 million, a 200 per \n cent increase on the equivalent period in the previous year. The Company's\n pipeline of prospects at the end of August 2006 was six times larger than \n it was at the end of November 2005.\n\n • The Company has established a strong client base in the US as well as a\n number of clients in Europe, ranging across a number of industry sectors,\n and is seeing significant growth in its business. Clients of Imaginatik\n include: Pfizer Inc., Hewlett-Packard, Weyerhaeuser Corporation, Chevron\n Texaco Global Lubricants and Cargill Inc.\n\n • According to a February 2005 industry report by IDC Corporation, the\n global innovation market is forecast to grow at a compound annual growth\n rate of 35 per cent over the next few years.\n\nMr. Mark Turrell, CEO and Co-founder of Imaginatik commented:\n\n'Innovation is now acknowledged as being a key factor in achieving long-term\ngrowth. As market leaders in the process of innovation, some of the worl...