Feeds

RM gets fingers into school biometrics market

Hands over £2.8m for EasyTrace

Securing Web Applications Made Simple and Scalable

RM has grown another tentacle with the acquisition of education technology supplier Orchard Partners Ltd.

The firm, which trades as EasyTrace, has been bought by RM for a total consideration of up to £2.8m.

UK schools computer supplier RM will initially pay £1m in cash and £1.3m in loan notes redeemable after more than two years. A deferred consideration of up to £500,000 is payable in cash over the next two years, subject to the achievement of certain performance conditions.

RM already works with EasyTrace, which claims to be the market leader in smart card and biometric products, on Building Schools for the Future (BSF) and other projects.

Orchard Partners' revenue for the year ended 31 March 2008 was £1.6m, double of that in the previous year, while it saw pre-tax profit for the year of £0.46m.

RM CEO Terry Sweeney explained the rationale behind the buy-out: "We are increasingly being asked to supply and integrate the smart card and biometric solutions they specialise in - particularly by our BSF clients. With growing demand for these technologies, it makes sense to have this kind of capability within the Group," he said.

The move suggests that RM is not fazed by the occasional shouts of protest from parents and child rights groups about the increasing use of biometric technology in schools, to relieve staff of laborious tasks such as taking the register or taking dinner money.®

The smart choice: opportunity from uncertainty

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.