Education services specialist RM Plc is selling its school management information system (MIS) business, to enable it to concentrate on core managed services.
The sell-off, for up to £16m, is to The Key Group, and covers RM Integris and RM Finance, along with RM Accounts and Access Education Budgeting.
Completion of the deal is expected during the first half of 2023.
“We sought an acquirer that exhibited similar values, with a strong customer ethos, and with experience necessary to deliver a MIS service to UK schools,” said RM.
“Alongside the sale announced today, RM is also announcing a strategic partnership with The Key Group, embedding tools like Arbor, RM Integris and GovernorHub into RM’s digital maturity consultancy and support practice, bringing customers the best of the complementary skills from RM and The Key Group.”
RM has an annual turnover of £211m and employs around 2,000 globally.
