back to article The price is right? Capita confirms Education Software back in talks with new bidder

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 …

  1. Mike 137 Silver badge

    Even if the price is right

    Are the Education Software Solutions any good?

    1. Anonymous Coward
      Anonymous Coward

      Re: Even if the price is right

      Doesn't matter a lot of schools will buy any old shit as long as it comes in comic sans.

      the market is pretty small for this sort of stuff so there isn't a lot of competition.

      1. BenM 29
        Coat

        Re: Even if the price is right

        SIMS doesn't come in Comic Sans - about the only thing right about the UI.

        /mine is the one with a SIMS installation guide in the pocket, the other pocket and in the lining alongside scribbled notes that appear to be tear soaked beer mats.

  2. This post has been deleted by its author

  3. Anonymous Coward
    Anonymous Coward

    Market cap doesn't mean what you think it does

    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.

  4. JohnMurray

    Selling the original!

    SIMS was the start of what became Capita.

  5. Anonymous Coward
    Anonymous Coward

    Hmm

    Unlike Crapita to be overcharging and under delivering....

    1. EnviableOne Silver badge

      Re: Hmm

      beat me to it, yet another case of Captia charging over the odds for a worthless PoS

  6. Blackjack Silver badge

    The clock is ticking

    Education software, unless is teaching Math, tends to get outdated really fast.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.

  7. Anonymous Coward
    Anonymous Coward

    Who are they paying to take it?

    Assuming SIMS hasn't improved in the past 15 years (and going by its owners record elsewhere it won't), they must be offering about their market cap for someone to take it on as a going concern!

    1. Anonymous Coward
      Anonymous Coward

      Re: Who are they paying to take it?

      its been moved to the cloud now rather than sitting on old Windows NT servers in a dusty computer room

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