Imaginatik profiting from collaboration

(By Philip Carnelley 8.00am 17th June 09) Imaginatik, the tiny collaboration software company, announced its maiden operating profit (of just £130k) on turnover up 45% to £4.6m for year to 31st March 09. The company’s web-based enterprise collaboration software has proven attractive to a range of well-known companies and, during the year, the company added names like Chubb, Novartis and Bombardier to an already impressive list that includes Merck, Dow, Chevron and GE. The signing of a global reseller agreement with IBM bodes well for the future, and the company has been investing in strengthening its sales team, particularly in the US.

As companies look to “do more with less” they are always interested in routes to improve effectiveness and better collaboration is obviously a part of that. We don’t see the phrase “knowledge management” in software marketing very often these days, but the concepts remain true. The use of web technologies makes this kind of application a lot easier to install and run than the old groupware applications. We expect to hear a lot more of Imaginatik.