Nelnet Expands Higher Education Footprint with Acquisition of Next Gen Web Solutions

Core Insights - Nelnet Business Services has acquired Next Gen Web Solutions, enhancing its offerings in the higher education software market [1][2] Company Overview - Next Gen Web Solutions, based in Jacksonville, FL, has over 18 years of experience in the higher education sector, serving more than 20 million students [3] - Nelnet Campus Commerce, a division of Nelnet Business Services, will integrate Next Gen into its operations, led by President Jackie Strohbehn [2][4] Strategic Implications - The acquisition aims to diversify revenue streams and provide additional solutions for higher education institutions, including form building, financial aid processing, and scholarship management [2][4] - Nelnet Campus Commerce currently serves nearly 1,000 colleges and universities and over 8 million students across the U.S. [5] Product and Service Expansion - The integration of Next Gen is expected to enhance Nelnet's product suite, allowing for improved administrative support and customer service for educational institutions [4] - Nelnet Business Services serves nearly 1,000 higher education institutions and 12,000 K-12 schools globally, indicating a broad market presence [6]