By Stephen Nakrosis
Payments company Nelnet said its Nelnet Business Services division has become the sole owner of Next Gen Web Solutions, a provider of software solutions within the higher education market.
Next Gen, which has its headquarters in Jacksonville, Fla., will join the Nelnet Campus Commerce business line of Nelnet Business Services, the company said Monday
Nelnet Campus Commerce President Jackie Strohbehn said while the two groups have a number of shared clients, the expanded product suite will help deliver additional value to higher education institutions, including addressing customer needs for form building, financial aid exception processing, and other services. The acquisition supports the focus on diversifying revenue streams, Strohbehn added.
Financial terms for the deal weren't disclosed.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 14, 2025 17:10 ET (21:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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