Nelnet (NNI) Acquires Next Gen Web Solutions

Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), has acquired the outstanding equity and membership interests to become the sole owner of Next Gen Web Solutions (Next Gen), a longtime provider of software solutions within the higher education market.

As a result of the acquisition, Next Gen, headquartered in Jacksonville, FL, will be structured within the Nelnet Campus Commerce business line of Nelnet Business Services, under the leadership of Nelnet Campus Commerce President Jackie Strohbehn.

"The acquisition of Next Gen and its incorporation into Nelnet Campus Commerce supports our focus on diversifying revenue streams while bringing needed solutions to the higher education market," said Strohbehn.

With more than 18 years of higher education experience, Next Gen has served more than 20 million students, focusing on delivering solutions to streamline and automate administrative processes.

"While we have a number of shared clients with Next Gen, the expansion of our product suite will help Nelnet Campus Commerce deliver additional value to higher education institutions," offered Strohbehn. "We will now be able to address customer needs for form building, financial aid exception processing, verification, scholarship management, and work-study administrative support."

"We are confident that our history with Next Gen will make this a smooth transition for all customers and excited by the opportunity to create new partnerships," concluded Strohbehn.

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