RM PLC
14 June 2000
RM PLC ANNOUNCES STRATEGIC
CROSS-LICENSING ALLIANCE WITH RIVERDEEP GROUP PLC
RM plc today announces it has entered into a strategic alliance with
Riverdeep Group plc to cross-licence certain online interactive learning
solutions.
Under an exclusive six-year License and Distribution Agreement for
Destination Math, RM will actively market, promote and distribute a version
of Riverdeep's Destination Math online courseware, specifically localized
by Riverdeep to support the requirements of the UK National Curriculum.
Concurrent with the signing of this agreement, the parties have also
entered into a License and Distribution Agreement for Living Library,
whereby RM will license Living Library, its Internet content service, to
Riverdeep for non-exclusive distribution in the US market for a six year
period.
The courseware to be provided to RM as part of this agreement includes
Riverdeep's High School Basic Math, Pre-Algebra and Mastering Algebra
titles as well its new elementary maths product. Localization is slated to
begin immediately for completion by March 2001, providing RM with over two
thousand hours of online content.
RM's Living Library product, which will be branded as RM Living Library and
localized for the US market, is an online information resource bringing
together a wide range of curriculum reference materials from information
providers such as World Book, Corbis and Oxford University Press. Living
Library is widely used by UK primary and secondary (K-12) schools and is
the leading product of its kind in the UK.
Richard Girling, Chief Executive of RM plc said:
'RM and Riverdeep have a common aim of providing the world's best online
learning resources to the education sector. I am delighted to be working
with an organisation that shares our passion for using technology to
improve standards in teaching and learning. Riverdeep is an excellent
partner for RM to work with in taking its online education content into the
USA. I am confident that Riverdeep's subscribers will get significant
value from Living Library's unrivalled collection of information resources.
Destination Math, which will be delivered as part of our RM.com
applications service provider strategy, is a proven product that adds real
strength to RM's existing range of maths learning software. We now have
products that address all aspects of maths learning across the primary,
secondary and lifelong learning markets.'
Barry O'Callaghan, Chief Executive Officer of Riverdeep Group plc said:
'We are very excited to be partnering with RM as they are clearly the
leading supplier of educational technology to the UK schools market. We
believe that the selection of Destination Math to complement their
portfolio of math learning software is a testimony to the quality of our
content and will enable Riverdeep to gain significant market share in this
key European market. The effectiveness of Destination Math as a teaching
tool has been demonstrated in the US and we believe that this will promote
the use of the Internet in British classrooms and be of immense benefit to
both students and teachers. We are also delighted to be bringing RM's
Living Library to the US through our educational portal riverdeep.net and
we are confident that US students will find this an invaluable educational
resource. We are particularly pleased to enter into this relationship with
RM, which we see as the beginning of a long term strategic alliance with
the leading company in the UK in this space.'
Enquiries:
Mike Greig RM plc 01235 826000
Andrew Fenwick Brunswick 020 7404 5959
Katie Hall
Notes to Editors:
* Founded in 1973, RM plc is the leading supplier of ICT resources to UK
education, providing educational software, services and systems to primary
schools, secondary schools, colleges and universities. RM's products offer
the most widely accepted and used ICT standards in UK education and are
designed to support teaching and learning right across the curriculum. They
offer pupils the opportunity to benefit from the National Grid for Learning
and to make the most of the exciting inclusion of ICT in their curriculum
while also providing teachers with easy to use secure technology. A number
of RM's products are now also being adopted in educational establishments
overseas.
* Riverdeep Group plc (NASDAQ: RVDP) provides highly motivating, dynamic,
curriculum-based Internet and CD-ROM learning experiences for middle and
high-school students. Riverdeep's products feature interactive problem-
solving approaches and real-world applications that contribute to the depth
of conceptual understanding. The Company also offers extensive online
tools; support and professional development offerings via Riverdeep.net,
helping educators integrate technology with curriculum and to assess and
improve student performance.
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