Imaginatik plc Ranked 41st Fastest Growing Technology Company in the UK
LONDON — November 5, 2007 — Imaginatik plc today announced that it ranked number 41st in the 2007 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the UK. Rankings are based on average percentage revenue growth over five years. Imaginatik grew 1,000 percent during this period.
Imaginatik’s CEO, Mark Turrell, credits the company’s focus on blue chip global clients, such as Pfizer, IBM, and Whirlpool and sustained investment in technology department with the Company’s 1,000% revenue growth over the past five years. He said, "Our primary market is enterprise clients whose need for innovation is greater than ever. Innovation is paramount in the minds of most chief executives, and Imaginatik has an incredible track record of success in this field."
“Achieving sustained revenue growth of 1,000% over five years is a tremendous accomplishment during challenging times for the technology sector,” said Jacque Hawk, Deloitte Technology partner for the South East. “Imaginatik’s exceptional growth puts it in select company.”
Fast 50 Selection and Qualifications
The Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2002 operating revenues of at least £34,000. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in a participating region of the UK and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
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.
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 http://www.imaginatik.com/.
About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP which is among the country’s leading professional services firms, providing audit, tax, consulting and corporate finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein whose member firms are separate and independent legal entities. Neither DTT nor any of its member firms has any liability for each other’s omissions. Services are provided by member firms or their subsidiaries and not by DTT. Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority. The information contained in this press release is correct at the time of going to press. For further information, visit our website at www.deloitte.co.uk
Deloitte Technology, Media & Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the world in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients.