Original URL: http://www.channelregister.co.uk/2006/06/09/rm_buys_caz/
RM buys into Oz
A-Maze-zing acquisItion of CAZ
Posted in IT Channel, 9th June 2006 09:37 GMT
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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 2,600 Aussie schools. RM has 900 school customers down under in two state-wide contracts.
RM CEO Tim Pearson chirruped: "CAZ Software shares RM's commitment to providing innovative technology that helps teachers to teach and learners to learn.
"CAZ will make a great addition to the RM Group, providing us with significant scale in the Australian education management software market - the combination of products, customers and geographical coverage makes us the clear market leader."
RM recently reported (http://www.channelregister.co.uk/2006/05/15/rm_revs_up/) "tough market conditions" in the UK.®