RM PLC
13 June 2000
RM plc ANNOUNCES POTENTIAL CROSS LICENSING AGREEMENT WITH RIVERDEEP GROUP
plc
RM plc, the leading supplier of information and communications technology
(ICT) software and services to UK education, announces that it is in
discussions with Riverdeep Group plc ('Riverdeep') to enter into an
agreement for both companies to license certain interactive learning
software to each other. Riverdeep (Nasdaq: RVDP) is a leading provider of
web based educational solutions in the United States through its web site
www.riverdeep.net.
Under the proposed agreement RM would license Living Library, its premium
Internet content service, to Riverdeep for the US market. Riverdeep would
similarly license its flagship online Destination Math interactive
curriculum courseware to RM plc, localised to the UK National Currriculum.
It is expected that a further announcement will be made imminently.
Enquiries:
Mike Greig RM 01235 826000
Andrew Fenwick Brunswick 020 7404 5959
Katie Hall
Notes to Editors
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.
Living Library is an online educational reference resource combining
information from a wide range of respected third parties, including the
Oxford University Press, World Book, Helicon, English Heritage National
Monuments Record, Hodder & Stoughton and many others. Living Library is
suitable for both primary and secondary pupils, for teachers and for 'life
long learners ' and is actively used by some 30% of UK schools and
colleges.
Riverdeep Group plc is incorporated in Dublin and operates from offices in
Dublin, Ireland and Cambridge, Massachusetts. Riverdeep is listed on the
Nasdaq National Market under the symbol RVDP and the Irish Stock Exchange.
Riverdeep provides a comprehensive range of educational resources, to the
U.S. Kindergarten to Grade 12, or K-12, market via its web site,
www.riverdeep.net. Destination Math is an online curriculum based
mathematics teaching tool, which covers Grades 6 to 12 in the U.S. and
will include an elementary product in September. The company currently has
708,000 subscribers to its online offerings.
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