SOURCE: Imaginatik


October 13, 2009 09:00 ET

Imaginatik Announces New Chairman of the Board, Matthew Cooper

Outgoing Chairman Howard Marshall to Join the Imaginatik Advisory Board

BOSTON, MA,--(Marketwire - October 13, 2009) - Imaginatik plc (AIM: IMTK), a provider of Collective Intelligence software and services, is announcing the appointment of Matthew Cooper as Non-Executive Chairman of the Board, replacing Howard Marshall who retires from the Board following three years with the Company. Marshall will join the Imaginatik Advisory Board, a body of senior industry individuals who informally advise the Company.

"We'd like to take this opportunity to thank Howard for his contribution to the growth of the Company to date; his assistance throughout the time of the IPO and our first years as a public company was invaluable," said Mark Turrell, CEO, Imaginatik. "The team is confident that the addition of Matthew Cooper will bring a new set of skills and ambition to the table that will fuel Imaginatik's growth."

Matthew Cooper is a graduate of Princeton University and an experienced public company director and investor. He has been the Chairman of Octopus Capital Limited since 2002 and is currently a non-executive director of a number of venture capital trusts and private companies. Prior to joining Octopus, Matthew was the Principal Managing Director of Capital One Bank (Europe) plc where he was responsible for all aspects of the company's strategic direction and day-to-day operations in Europe. He led the UK portion of the business from start-up to 2 million customers, generating annual revenues of over $441 million and employing over 2,000 people.

"Imaginatik targets a key issue that global corporations are diligently working to address -- how to leverage the collective intelligence of employees, customers and partners in order to drive tangible innovation efforts. As such, this is an exciting time to take the leadership helm of Imaginatik's Board," said Matthew Cooper, Chairman of the Board, Imaginatik. "I very much look forward to working with the Team to ensure the vision of success we have for the Company is met and exceeded."

Most recently, Imaginatik announced contracts with three new customers: a global technology leader whose products, services and solutions deliver value within the mail and postal industries; one of the leading personal lines property and casualty insurance companies; and a major land equipment manager. Additionally, the Company recently raised approximately $2.6 million from new and existing investors.

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About Imaginatik

Imaginatik is the leading provider of Innovation Management and Collective Intelligence solutions. The best companies in the world use our Idea Central software platform to identify and develop the important ideas and strategies that will drive the future of their business. For more than 10 years, Imaginatik has helped customers including CSC, Pfizer, Boeing, Chubb and Cargill achieve outstanding results with the know-how of our experienced consulting team and our highly configurable web-based software.

Imaginatik is a public company traded on the London Stock Exchange [LSE: IMTK.L] and a World Economic Forum Technology Pioneer with offices in Boston, MA, and London, UK. Imaginatik is committed to ongoing research into the nature of human networks, innovation and collective intelligence. The company collaborates with several academic institutions including the IXL Center at Hult International Business School.

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