Even if the price is right
Are the Education Software Solutions any good?
Capita has opened talks with a new suitor for its Education Software Solutions business, the one it tried to offload earlier in the year at a price reported to be higher than the entire group's market capitalisation on the London Stock Exchange. In a brief statement to the City this morning, the company said: "Capita confirms …
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The market cap is the cost to buy all the outstanding shares, not the value of a company. It can be the same for a company with £100 million in the bank or for one with £100 million of debt. Given a choice I'd rather buy the former. 'Enterprise Value' is a better metric to use.
Education software, unless is teaching Math, tends to get outdated really fast.
So this is the company realizing that if they don't get rid of it soon they will have to waste money to update it.
It doesn't matter if is software to teach students, teachers or professionals, it still needs updating.
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