Thursday, Imaginatik Plc (IMTK.L) announced that it has signed a significant five year software and services contract with a global consumer products company. The company said it has not disclosed any financial details in line with the customer's company policy.
The contract builds on an annual agreement that started in 2007. Since this time Imaginatik has enabled the customer to identify and realize millions of dollars of return from cost reduction initiatives, process improvements, supply chain innovation and new business generation, all supported with Imaginatik's Idea Central software and professional services.
Mark Turrell, Chief Executive Officer of Imaginatik, said, "Chief Executive Officer of the world's leading companies know that innovation remains key to profitable growth. We are delighted to be extending our current agreement with one of the world's best known consumer product companies to support its innovation initiative, both for internal innovation and for open innovation. Imaginatik continues to be the leading provider of enterprise-scale innovation systems. We look forward to the remainder of the year and beyond with confidence."
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