The Channel logo

News

By | Mark Ballard 10th August 2006 04:02

RM buys into music

All together now: "We don't need no ed-yoo-kayshun..."

Education IT supplier RM Plc has bought a musical instrument supplier through a subsidiary.

TTS Group Ltd, RM's arm that sells bits and bobs for classrooms, acquired Music Education Supplies for £1m.

Most of the business of both TTS and its new acquisition goes to primary and nursery schools. RM has been merging its software sales into TTS, a sign of how, as RM CEO Tim Pearson, put it: "ICT is becoming increasingly embedded in the day-to-day activities of classroom teachers."

The instrument supplier did £1.44m sales last year and made 10 per cent profit before tax. RM will pay £0.8m right away and another £0.2m on 31 March 2007 if all goes well. Ray Mason, the musical managing director, will stay on board till the fat lady sings, or not, next March.

A statement attributed to Mason, but with all the vitality of a public relations wash, summed up the sale of his small business to an education behemoth thus:

"TTS shares our commitment to providing teachers with high quality educational resources that can really make a difference in the classroom - it's a good home, both for our business and our customers. I was also encouraged to see how being part of the RM Group has helped TTS retain its existing strengths, whilst also providing a platform for future growth." ®

alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar