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Articles about Rm

RM: Killing our PC unit hit our top line, but our bottom line is pert

Murdering the PC building biz was always going to result in some top-line slippage for Brit specialist education tech supplier RM, but the move to shutter the production line hasn't hurt profits, quite the opposite. The Oxford-based biz today reported half-year numbers to 31 May with sales down more than 22 per cent to £92.1m …
Paul Kunert, 07 Jul 2014

RM to schools: You can have third-party kit, just not from us

Education supplier RM has told customers they can buy discounted third-party hardware from Misco after finally shuttering its own reselling operation and closing the PC production order book. A hardware referral agreement was always on the cards, as revealed by CEO David Brookes last month and Misco has beaten rivals to what was …
Paul Kunert, 03 Dec 2013
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PC addict RM finally quits its building habit, plans to axe 300 jobs

Under-fire education tech specialist RM has finally admitted what the rest of the industry already knew: that it can't make money building PCs and will instead concentrate on developing software and services. It has been a rocky three years for RM, starting with the government's gradual closure of the Building Schools for the …
Paul Kunert, 23 Oct 2013
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RM begins redundancy talks with defenestrated hardware staff

Spare a thought for the poor souls at education supplier RM, which started its redundancy consultation period yesterday in the wake of the company's decision to shutter its PC production facility. RM confirmed last month that some 300 people in its Education Technology unit will be laid off as it tries to carve out a brighter …
Paul Kunert, 20 Nov 2013

Systemax's Euro tentacle set to buy ailing schools supplier RM

The word sweeping through the technology channel is that big changes are afoot at education supplier RM with the parent of reseller Misco understood to be acquiring the software and services business. Sources claimed that talks between the LSE-listed RM and NYSE-listed firm Systemax, which trades in Europe as Misco and Inmac …
Paul Kunert, 29 Nov 2013

'Eventful but positive' year for RM as it quits the PC-making world

Shape-shifting education supplier RM was in philosophical mood as it exited a biz-changing fiscal '13 with profits up and revenues down, impacted by fewer – but higher margin – Building Schools for the Future contracts. Turnover in the 12 months to 30 November fell nine per cent year-on-year to £261.7m (8.4 per cent excluding …
Paul Kunert, 03 Feb 2014

RM CEO: We didn't even try to sell PC biz before killing it

Education tech supplier RM didn't even test the appetite among rivals or privateer equity firms to buy its flattering PC biz before murdering it because the business was only just keeping its head above water. The long-standing system builder this week quit the business to concentrate on higher margin software and services. …
Paul Kunert, 01 Nov 2013

Not so fast with the bubbly, RM: IT biz faces £40m schools-sized hole

Just when education supplier RM is getting itself back on track, it has revealed that a £40m black hole will emerge in its accounts when Blighty's Building Schools for the Future programme is finally shuttered. The UK firm stumbled in fiscal 2011 as it posted steep losses, managed to recover somewhat in fiscal 2012 and is back …
Paul Kunert, 08 Jul 2013

RM dumps cash-bleeding ISIS Concepts onto ex-owner

RM has offloaded its loss-making classroom furniture biz ISIS Concepts to its former owner and current managing director Nick Topliss for £205,000. This is the last divestiture for the troubled education IT supplier which last September began closing or flogging parts of the business it deemed non-core to improve its financials …
Paul Kunert, 11 May 2012
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RM investors spared a second heart attack in latest numbers

Beleaguered education IT supplier RM had no surprises in its fiscal Q1 trading update, bearing in mind that its sales tend to stroll in during the second half of the year. The firm has carved up non-core parts of the operation and flogged or closed them, launched a redundancy programme and got rid of two chief execs since a …
Paul Kunert, 26 Mar 2012

Schools IT biz RM back in black after caning from UK gov

RM is back in the black following the recent cost-cutting activity that saw it offload multiple business units and axe 17 per cent of its workforce. The education IT supplier made profit before tax of £600,000 in the six months to 31 March compared to a loss of £1.4m in the same first half year period a year earlier. Turnover …
Paul Kunert, 09 Jul 2012
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RM's car-boot sale continues

Beleaguered education IT supplier RM has carved off another piece of international operations with Civica coughing £900,000 for its biz down under. LSE-listed RM is axing one in five jobs from its local workforce as it restructures divisions in response to budgets cuts in the schools market, and is flogging or shuttering non- …
Paul Kunert, 09 Nov 2011
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RM chief exec Sweeney steps down

RM chief Terry Sweeney is stepping down amid a company-wide restructure after 13 years of service at the education supplier. The LSE-listed firm is flogging parts of the operation, with the trade and assets of US arm Computrac – a classroom products biz – to be offloaded to Troxell Communications for £3m. The remaining software …
Paul Kunert, 25 Oct 2011
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RM cuts loose Easytrace, flogs AMI biz as top boss legs it

Education technology provider RM has cut loose its loss-making access control and cashless catering system wing of its AMI business, known as Easytrace. The company confirmed the disposal in a trading statement to the City this morning. However, it will retain the school network management part of the AMI business - dubbed …
Team Register, 20 Jan 2012
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RM threatens to axe 300 staff

RM has told up to 300 staff that their necks are on the line following the completion of last month's strategic review. The cost-cutting programme is in response to plummeting education ICT budgets, which sources estimate are down in some cases by as much as 50 per cent. Specialist education supplier RM has already parted with …
Paul Kunert, 03 Nov 2011
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£575m school IT bonanza showers Capita, RM, 16 others

A Department for Education (DfE) framework agreement worth £575m has been awarded to 18 suppliers. Schools, colleges and other education services will be able to use the framework to obtain information management services, according to the Official Journal of the European Union. Learning services, including ICT service-managed …
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Schools IT supplier RM swings to full year loss after sales dive

Ailing specialist education IT supplier RM has admitted it reacted too slowly to government budget cuts in schools after revealing massive losses in fiscal 2011 ended 30 November. The firm posted a loss before tax of £23.4m for the 14 months to nOVEMBER 2011 – including restructuring costs and excess property provisions. This …
Paul Kunert, 06 Feb 2012

RM revenue declines in face of UK.gov slash fest

School tech provider RM is still struggling with a "subdued" market, following the UK government's recent allocation of education funds. The company said in a pre-close update this morning that revenue in the first half of its fiscal year, which ends on 31 March 2011, would be down on 2010's H1 figures. Terry Sweeney, RM's boss …
Kelly Fiveash, 31 Mar 2011
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RM shares take a caning following Board warning

Specialist education IT supplier RM has issued a warning that results for the year ending September may fall below expectations as market conditions remain challenging on both sides of the pond. The market reacted badly to the interim management statement for the trading period from April Fools' Day to 21 July, sending the share …
Paul Kunert, 22 Jul 2011
The Register breaking news

RM reports first-half loss, nasty sales dip

Education technology provider RM saw revenue decline 15 per cent in the first six months of the company's fiscal year. Sales fell to £133m for the period ended 31 March, compared to £156.4m for the same H1 in 2010. It was also hit with a first-half pre-tax loss of £1.4m, after restructuring charges of £1.8m and a £1.2m charge …
Kelly Fiveash, 16 May 2011
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Subdued RM says government cuts challenge its business

IT schools supplier RM has blamed the government's allocation of education funds for what it described as "subdued" market conditions. The company issued an interim management statement this morning in which it said it expected to see a decline in UK Learning Technologies sales in the 12-month period to September 2011. " …
Kelly Fiveash, 10 Feb 2011
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RM says schools still buying its boxes

RM, which sells to schools, said sales for the year ended 30 September were up 10 per cent on last year, and profits grew 12 per cent. Revenue was up from £346.9m in 2009 to £380.1m in 2010 and profit was up from £17.7m in 2009 to £19.9m this year. RM shares were up over five per cent in response to the third successive year of …
John Oates, 22 Nov 2010
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RM flogging or axing units in painful shake-up

Education supplier RM - faced with no uplift in market conditions on the horizon - is laying off staff, and flogging or shuttering some of its loss-making subsidiaries. The move plunged its share price by nearly a quarter. The LSE-listed firm today revealed it will axe more than one-fifth of the workforce as it restructures its …
Paul Kunert, 29 Sep 2011
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Lego and RM plot robot future

Lego's Education division is entering an exclusive distribution deal with school computer supplier RM. RM's subsidiary Dacta will get its hands on Lego's products - from early learning toys to more complicated robots and mechanical products to help kids pick up hands-on building skills, teamwork and mechanical skills. The deal …
John Oates, 15 Sep 2010
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RM sees sunny forecast thanks to busiest ever summer

The educational software and services supplier RM has seen trading in line with expectations so far this year. It reiterated the comments first made in May, which said that the company expects revenue to grow in FY-2009, thanks in large part to its participation in a number of Building Schools for the Futre (BSF) programmes. RM …
Kelly Fiveash, 22 Sep 2009
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RM navigates through tighter market

RM today reported a tighter education software market and PC margins "affected by worldwide market conditions". But while saying "there is more to do" in Q4, its expectations for the full year are unchanged. RM Interim Management Statement. channel
Team Register, 29 Jul 2008
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RM sees interim revenues, profit jump

RM shares rose four per cent this morning after the education IT vendor announced a 21 per cent increase in revenue for the six months ended 31 March 2009. The firm reeled in adjusted first half pretax profit of £0.2m on sales of £141.9m for the period. RM said the company would jack up its dividend by five per cent to 1.32 …
Kelly Fiveash, 11 May 2009
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RM's high school musical hits all the right notes

RM expects to see sales grow in the full year, thanks in part to the recent purchase of US-based Computrac. The educational software and services supplier said in an interim management statement today that trading in RM's first three quarters meant the company remained on track to meet expectations for its financial year, which …
Kelly Fiveash, 04 Aug 2009

Hundreds of hackers sought for new £500m UK cyber-bomber strike force

The UK's Ministry of Defence wants to recruit an army of computer experts to serve as "cyber reservists" to defend national security. Defence Secretary Philip Hammond said the MoD will take on "hundreds" of IT wizards to work "at the cutting edge of the nation's cyber defences" at a cost of up to £500m. The tech talent will work …
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RM walks the line

RM saw no indications of a fall in spending in its markets for the first half of its fiscal year, and said expectations for the full year remain unchanged. The education IT supplier said trading was in line with management’s plans covering the period from 1 October 2008 to 6 February 2009. However, it also pointed out that “ …
Kelly Fiveash, 09 Feb 2009
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RM profits dip in 'resilient' market

RM saw profit drop by nearly £3m for the year ended 30 September 2008, but the company said its results were in line with expectations for the year. The IT education supplier announced its prelims today in which it said pre-tax profit declined to £15.39m from £18.43m in 2007. It pulled in total revenue for the year of £289.47m …
Kelly Fiveash, 24 Nov 2008
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Apple fanbois warned: No, Cupertino HASN'T built a Bitcoin mining function into Macs

The denizens of internet horror-forum 4chan have come up with a hoax designed to trick Mac fans into deleting all the files on their machines by running commands supposedly needed to turn on hidden Bitcoin mining features. Apple's so-called secret mining feature, which 4channers claim has been present in Macs since 2009, can be …
John Leyden, 13 Dec 2013
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RM kisses wannabe American cousin

RM has bought US-based education technology provider Computrac for £8m. The firm said in a statement today that the company will be integrated with the RM Educational Software Inc arm of the biz, which is the group’s US subsidiary. Computrac designs, supplies and installs interactive classroom tech products including …
Kelly Fiveash, 04 Nov 2008
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RM climbs aboard SpaceKraft

RM used to be one of many PC makers specialising in the UK schools IT market. Most have fallen by the wayside. RM has survived and thrived, largely by branching out into installation, networking and maintenance and by dint of buying up curriculum software and other educational software firms. Now it's building out its special …
Drew Cullen, 01 Oct 2007
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RM ties up IT school deal with Newham council

RM Plc has bagged a contract to supply computing and IT services to the London Borough of Newham. The deal, estimated to be worth about £53m over an 11 year period, is RM’s third government contract win this year for the Building Schools for the Future (BSF) programme. Under the new agreement, the firm will provide the services …
Kelly Fiveash, 11 Apr 2008

RM relaunches Eee PC 900 as miniBook

UK education computing specialist RM - the firm formerly known as Research Machines - has announced its version of the Asus Eee PC 900. It'll sell the machine to schools for a mere £285 for the Windows XP model. Dubbed the miniBook, the RM machine matches the spec of the Asus-sold model exactly: 8.9in, 1024 x 600 display; 900MHz …
Tony Smith, 16 Jun 2008
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RM to push new HP sub-laptop to schools

RM has been signed up as HP’s only UK distie for its 2133 Mini-Note laptop intended for the education market. The firm said that it has tied up an “exclusive partnership” to supply schools and colleges across Blighty with HP's dinky new sub-notebook. The computer giant launched the machine, which rivals the Asus Eee PC, earlier …
Kelly Fiveash, 10 Apr 2008
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RM gets fingers into school biometrics market

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 …
Kelly Fiveash, 31 Jul 2008

Microsoft offers cut-price Win 8 PCs and fondletops to UK schools

British schoolkids and teachers are to be offered discounted Windows 8 laptops and tabs in a Microsoft programme to close the digital divide. Government-funded schools have become eligible to receive Windows 8 Intel-based laptops and tablets from Asus, Acer and RM Education that are loaded with software and that have had 30 per …
Gavin Clarke, 08 Nov 2012
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University boffins build snoop-spotting snitch app

University researchers have developed a smartphone app to show users how often their mobile software tracks their movements. The team from Rutgers University said that the their Android tool uses a real-time monitoring system to show exactly when an application pulls locational information and transmits it. The results, they say …
Shaun Nichols, 31 Jan 2014
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RM to handle pupil data

RM Plc has been awarded a £16m extension on its contract to process pupil performance data for the Department for Education and Skills. The contract, which will run for five years, consolidates three previous arrangements under one consortium, headed by RM. The consortium includes RM data management subsidiary, Forvus. Other …
Mark Ballard, 05 Jan 2006
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Steady as she goes at RM

First half trading for RM was satisfactory, the education IT specialist said today. In a trading statement, the UK company said it was on course to hit full-year targets. RM CEO Tim Pearson said: "As is always the case for RM, first-half outcome is not a good indicator for the year as a whole; nonetheless, performance so far …
John Oates, 28 Mar 2006

RM boss says school's out forever

RM yesterday announced that its head teacher honcho has resigned after more than 25 years with the computer supplier. The firm, which specialises in software, services and systems for the UK education market, said that chief executive Tim Pearson will step down from his role to be replaced by current group managing director …
Kelly Fiveash, 10 Jun 2008
James Bond submarine Lotus Esprit car

James Bond's Lotus Esprit submarine car sells for £550,000

The James Bond submarine car used in The Spy Who Loved Me has sold at auction in Blighty for £550,000. James Bond submarine Lotus Esprit car Despite the over half-million price tag for the Lotus Esprit – which isn't road-worthy – it failed to reach the guide price expected by RM Auctions of between £650,000 and £950,000, the …
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RM buddies up with Tesco on new voucher scheme

UK schools computer supplier RM has bagged a partnership deal with Tesco for the retail giant’s forthcoming voucher collection scheme which kicks off in 2009. Tesco has merged into one catalogue its two voucher schemes - Computers for Schools and Sport for Schools and Clubs - that were previously supported by RM. Under the new …
Kelly Fiveash, 22 Jul 2008
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RM buys into Oz

RM has bought Australian education management firm CAZ Software. The buy-out is expected to run to £1.2m, with CAZ becoming part of RM's Asia-Pacific tentacle, headquartered in Perth. CAZ turned over £1.8m last year, with a profit of £200,000. It makes and sells a product range called Maze and has an existing customer base of 2 …
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RM: nothing to see here

Education IT supplier RM has told an enthralled stock market it expects to meet expectations this year. The bumper summer buying season for schools went well, it seems. Revenue should be similar to 2005's £268m. RM CEO Tim Pearson said: "At the beginning of the year we reported that we'd put in place a plan to respond to tough …
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RM wins £6.4m contract

RM has won a £6.4m contract from Solihull Council to provide the authority's schools with ICT services. The deal is part of the borough's Building Schools for the Future (BSF) programme. As well as providing services to existing schools, RM will be involved in designing and developing ICT for planned education investment. RM …
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RM satisfied by performance

RM PLC has said it is on course to hit its trading expectation for the six month financial period ending 31 March. The UK-based firm, which provides educational products to schools, universities and colleges, said "it is not yet clear" what the suspension of the BBC's free online education service, BBC Jam, will mean for the …
Kelly Fiveash, 27 Mar 2007
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RM named preferred bidder

RM has been selected to implement and manage a new ICT service for 16 secondary schools and eight primary schools in Stoke-on-Trent, which will serve up to 14,000 pupils. Stoke-on-Trent City Council invited RM to become preferred bidder for its Building Schools for the Future (BSF) contract on 7 September 2006, subject to …
Kelly Fiveash, 18 Sep 2006