RM confirms three-year contra

RNS Number : 1727S

RM PLC

06 September 2010

 



6 September 2010

RM confirms three-year contract extension with South Lanarkshire Council

RM confirms that it has reached financial close for a three-year extension to its contract to provide managed ICT services to educational establishments and libraries in South Lanarkshire.

The contract was originally announced in 2003 with a seven-year term and the option for a three-year extension. RM subsequently announced in March 2009 that that South Lanarkshire Council intended to extend the contract. The three-year extension, which is expected to be worth up to £14m to RM, means that the contract will now run until September 2013.

Under the contract extension, RM will continue to provide a complete managed ICT service to over 200 learning establishments in South Lanarkshire. The service includes the provision of computer systems and network connectivity, along with day-to-day support and management of the complete installation. In addition, the three-year extension includes an allowance for hardware 'refresh'.

Terry Sweeney, Chief Executive of RM, said:

"South Lanarkshire Council's decision to extend this contract clearly demonstrates the value of developing long-term customer relationships. We've worked with South Lanarkshire Council for over a decade providing innovative and reliable ICT services for their educational establishments and libraries. Over that time we have built an excellent partnership with the Council and with teachers, and we look forward to continuing to work together to further improve life chances for learners in the region."

Sara Fellows, Head of Education of South Lanarkshire Council, said:

"Over the last decade, technology has become ever more important to our learning establishments. Throughout that period, we have benefitted from a strong relationship with RM, which has allowed our pupils to maximise their potential in achievement and attainment, effectively support learning and teaching and Curriculum for Excellence and meet the demands of the 21^st century. This has been fully supported by reliable and innovative technology delivered through the RM managed service contract."

For further information, please contact:

Iain McIntosh/Phil Hemmings, RM plc	08450 700300
Chris Blundell/Leonora Burtenshaw, Brunswick	020 7404 5959

Notes:

1.   The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at www.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com

 

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