Business software and consultancy firm Imaginatik PLC (IMTK.LN) said Tuesday that Norwegian fertilizer company Yara International ASA (YAR.OS) awarded it a three-year, $500,000 contract, building on a previous one-year contract.

Imaginatik said that through the contract, which has the option of a two-year extension, it will continue to provide a combination of consultancy supported by technology, helping Yara to build its innovation competency.

Imaginatik added this is the seventh multi-year contract it signed in the financial year ended March 31, 2012, compared with none in the previous year.

At 0710 GMT, Imaginatik's shares were flat at 0.4 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com

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