M&A Deal Summary

Nelnet Business Solutions Acquires Tuition Management Systems

On November 26, 2018, Nelnet Business Solutions acquired internet software and services company Tuition Management Systems

Acquisition Highlights
  • This is Nelnet Business Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is Nelnet Business Solutions’ 2nd transaction in the United States.
  • This is Nelnet Business Solutions’ 1st transaction in Rhode Island.

M&A Deal Summary
Date 2018-11-26
Target Tuition Management Systems
Sector Internet Software and Services
Buyer(s) Nelnet Business Solutions
Deal Type Add-on Acquisition

Target

Tuition Management Systems

Warwick, Rhode Island, United States
Tuition Management Systems LLC offers tuition payment plans, billing services, payment technology solutions, and refund management to educational institutions. TMS has partnerships with more than 380 colleges and universities and 170 private K-12 schools across the country with a concentration of institutions in the northeast.

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Buyer(S) 1

Buyer

Nelnet Business Solutions

Lincoln, Nebraska, United States
Category Company
Founded 1986
Sector Internet Software and Services
DESCRIPTION

Nelnet Business Solutions, Inc. (dba FACTS Management) provides payment plan solutions for K–12 schools.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Rhode Island) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 RenWeb School Management Software

Burleson, Texas, United States

RenWeb School Management Software power, integration, ease-of-use and affordability are demonstrated daily in more than 3,000 customer schools as the leading provider of next-generation Cloud-based school information systems.

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Mergr

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