Innovation management software company Imaginatik (LON:IMTK) plans to develop its growth strategy in partnership with a European wine producer, sending shares up 10 percent in early trading.

The producer, which it declined to name, is ‘one of the leading, award-winning wineries of the world’, and has chosen Imaginatik’s Innovation Central tool to develop and deploy its growth strategies.

“We are very proud to have been selected as this award-winning winery’s change and innovation partner and to have the opportunity to contribute to its ongoing success,” said Shawn Taylor, Chief Financial Officer of Imaginatik.

“It is an early success in our sales team’s drive to expand deeper into additional territories.”

He added: “The cloud-based nature of our software means that it is deployable anywhere in the world, and with the majority of our revenue being derived from the US we have a proven ability to support international customers.”

Imaginatik shares soared 10 percent at market open, but are now trading down 0.99 percent at 0.50 (0954GMT).