
So RM quit the only business they are known for. Smart idea.
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 …
Since the start they ripped off education establishments (ie took our money) by re-badging and slightly modifying off-the-shelf equipment and selling it at a huge profit. You couldn't just add a hard disk to an RM box; oh-no you need their branded version.
Their networking sucked too.
Despite brave noises I cannot see how RM can survive as they no longer have a captive customer base or any products the education really wants.
On the downside a lot of local education authorities are now canning their school IT support departments as schools are doing it themselves.